The Allstate Co. (NYSE:ALL) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. reduced its stake in The Allstate Co. (NYSE:ALL) by 2.4% in the 4th quarter, Holdings Channel reports. The firm owned 5,353 shares of the insurance provider’s stock after selling 130 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Allstate were worth $1,032,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ALL. JPMorgan Chase & Co. raised its holdings in shares of Allstate by 5.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock valued at $109,605,000 after buying an additional 28,584 shares during the period. Eagle Asset Management Inc. grew its position in Allstate by 38.0% in the third quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock valued at $2,067,000 after acquiring an additional 2,888 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Allstate by 1.7% during the third quarter. Bank of Montreal Can now owns 683,574 shares of the insurance provider’s stock valued at $128,758,000 after purchasing an additional 11,195 shares during the period. Blueshift Asset Management LLC acquired a new position in shares of Allstate during the third quarter worth $623,000. Finally, Brookstone Capital Management boosted its stake in shares of Allstate by 63.0% in the fourth quarter. Brookstone Capital Management now owns 10,498 shares of the insurance provider’s stock valued at $2,024,000 after purchasing an additional 4,059 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Trading Down 1.2 %

Shares of NYSE ALL opened at $188.85 on Friday. The Allstate Co. has a 12-month low of $150.17 and a 12-month high of $209.88. The company has a market cap of $50.01 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $195.73 and its 200 day simple moving average is $186.32.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities research analysts expect that The Allstate Co. will post 16.45 EPS for the current year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders 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 1.95%. Allstate’s payout ratio is currently 23.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ALL shares. Wells Fargo & Company boosted their price objective on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Jefferies Financial Group lifted their price objective on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods increased their target price on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, BMO Capital Markets lifted their price target on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $218.13.

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.