Howard Capital Management Group LLC Has $289,000 Position in The Allstate Co. (NYSE:ALL)

Howard Capital Management Group LLC lowered its position in shares of The Allstate Co. (NYSE:ALL) by 25.0% in the fourth quarter, Holdings Channel reports. The firm owned 1,500 shares of the insurance provider’s stock after selling 500 shares during the period. Howard Capital Management Group LLC’s holdings in Allstate were worth $289,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in shares of Allstate in the third quarter worth $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Allstate in the third quarter worth $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate in the third quarter worth $29,000. Peoples Bank KS bought a new stake in shares of Allstate in the fourth quarter worth $49,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Allstate in the third quarter worth $58,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Trading Up 0.5 %

Shares of Allstate stock opened at $189.92 on Wednesday. The company has a market capitalization of $50.29 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.42 and a beta of 0.52. 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 Allstate Co. has a 12-month low of $153.42 and a 12-month high of $209.88. The firm’s 50-day moving average price is $195.55 and its two-hundred day moving average price is $186.90.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The firm had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. On average, analysts forecast that The Allstate Co. will post 16.45 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.94%. Allstate’s payout ratio is currently 23.83%.

Analyst Ratings Changes

A number of brokerages have recently commented on ALL. Raymond James boosted their price objective on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. Bank of America upped their price target on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Piper Sandler upped their price target on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group upped their price target on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and an average price target of $218.13.

About Allstate

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.