The Allstate Co. (NYSE:ALL) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. grew its stake in The Allstate Co. (NYSE:ALL) by 63.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,900 shares of the insurance provider’s stock after acquiring an additional 1,911 shares during the quarter. Blue Trust Inc.’s holdings in Allstate were worth $929,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new stake in shares of Allstate during the 3rd quarter worth about $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate during the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Allstate during the 3rd quarter worth about $29,000. Peoples Bank KS acquired a new stake in shares of Allstate during the 4th quarter worth about $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Allstate during the 3rd quarter worth about $58,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on ALL shares. The Goldman Sachs Group raised their price objective on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America lifted their target price on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. UBS Group lifted their target price on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods lifted their target price on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Finally, Barclays dropped their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and an average target price of $218.13.

Allstate Price Performance

ALL stock opened at $191.21 on Wednesday. The business has a 50 day moving average price of $194.56 and a 200 day moving average price of $187.88. The stock has a market cap of $50.63 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.41 and a beta of 0.52. The Allstate Co. has a fifty-two week low of $153.42 and a fifty-two week high of $209.88. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. Equities research analysts anticipate that The Allstate Co. will post 16.83 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, November 29th. Allstate’s payout ratio is 23.83%.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.