Stock Yards Bank & Trust Co. Has $1.23 Million Stake in The Allstate Co. (NYSE:ALL)

Stock Yards Bank & Trust Co. grew its stake in The Allstate Co. (NYSE:ALL) by 10.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,374 shares of the insurance provider’s stock after buying an additional 598 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Allstate were worth $1,229,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ALL. State Street Corp raised its position in shares of Allstate by 1.1% in the third quarter. State Street Corp now owns 11,496,306 shares of the insurance provider’s stock valued at $2,190,758,000 after purchasing an additional 126,922 shares during the period. Geode Capital Management LLC raised its holdings in Allstate by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock worth $1,178,164,000 after acquiring an additional 74,537 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Allstate by 18.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock worth $569,114,000 after acquiring an additional 472,040 shares during the last quarter. Raymond James & Associates boosted its holdings in Allstate by 10.6% during the third quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock valued at $287,851,000 after acquiring an additional 145,986 shares during the period. Finally, Pathway Financial Advisers LLC grew its position in shares of Allstate by 18,472.5% in the third quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock valued at $199,642,000 after purchasing an additional 1,047,019 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ALL shares. BMO Capital Markets increased their target price on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. The Goldman Sachs Group lifted their price objective on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company boosted their price target on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Barclays reduced their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a report on Monday, January 6th. Finally, Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Stock Down 0.1 %

Shares of NYSE ALL opened at $192.13 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The company has a market cap of $50.87 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The Allstate Co. has a 12-month low of $153.87 and a 12-month high of $209.88. The firm’s 50-day simple moving average is $193.92 and its 200 day simple moving average is $188.58.

Allstate Announces Dividend

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

Allstate 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.