ORG Wealth Partners LLC Trims Stock Position in The Allstate Co. (NYSE:ALL)

ORG Wealth Partners LLC trimmed its holdings in shares of The Allstate Co. (NYSE:ALL) by 17.0% in the fourth quarter, HoldingsChannel reports. The firm owned 405 shares of the insurance provider’s stock after selling 83 shares during the period. ORG Wealth Partners LLC’s holdings in Allstate were worth $78,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new position in Allstate during the third quarter worth $26,000. Northwest Investment Counselors LLC purchased a new stake in Allstate during the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new position in Allstate in the 3rd quarter valued at about $29,000. Peoples Bank KS purchased a new position in Allstate in the 4th quarter valued at 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 currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of analyst reports. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday. Wells Fargo & Company increased their price target on Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Barclays lowered their price objective on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. Raymond James raised their price target on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 4th. Finally, Jefferies Financial Group upped their price objective on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average price target of $218.06.

Allstate Stock Down 5.6 %

Shares of NYSE ALL opened at $181.12 on Friday. The stock has a fifty day moving average price of $195.84 and a 200 day moving average price of $185.36. The company has a market cap of $47.96 billion, a P/E ratio of 11.73, a P/E/G ratio of 1.70 and a beta of 0.52. The Allstate Co. has a 12-month low of $148.23 and a 12-month high of $209.88. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. The business had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. Research analysts anticipate that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were paid a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 2.03%. Allstate’s dividend payout ratio (DPR) is presently 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.