Barlow Wealth Partners Inc. Sells 320 Shares of The Allstate Co. (NYSE:ALL)

Barlow Wealth Partners Inc. cut its stake in shares of The Allstate Co. (NYSE:ALL) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,882 shares of the insurance provider’s stock after selling 320 shares during the period. Barlow Wealth Partners Inc.’s holdings in Allstate were worth $1,106,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALL. XML Financial LLC purchased a new stake in Allstate in the 4th quarter worth approximately $272,000. Nisa Investment Advisors LLC raised its position in shares of Allstate by 96.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 170,437 shares of the insurance provider’s stock worth $33,015,000 after buying an additional 83,648 shares in the last quarter. Simon Quick Advisors LLC raised its position in shares of Allstate by 61.9% in the fourth quarter. Simon Quick Advisors LLC now owns 3,191 shares of the insurance provider’s stock worth $615,000 after buying an additional 1,220 shares in the last quarter. Sheets Smith Wealth Management boosted its stake in Allstate by 3.2% during the fourth quarter. Sheets Smith Wealth Management now owns 3,941 shares of the insurance provider’s stock valued at $760,000 after buying an additional 124 shares during the period. Finally, Atomi Financial Group Inc. grew its position in Allstate by 10.5% during the fourth quarter. Atomi Financial Group Inc. now owns 2,746 shares of the insurance provider’s stock worth $529,000 after buying an additional 261 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Up 0.5 %

Shares of NYSE:ALL opened at $189.92 on Wednesday. The Allstate Co. has a 1 year low of $153.42 and a 1 year high of $209.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The stock’s 50-day moving average is $195.55 and its 200 day moving average is $186.90. The company has a market cap of $50.29 billion, a PE ratio of 12.30, a P/E/G ratio of 1.42 and a beta of 0.52.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. The company had revenue of $16.63 billion during 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 firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. Sell-side analysts anticipate that The Allstate Co. will post 16.45 EPS for the current year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, November 29th. Allstate’s payout ratio is 23.83%.

Analyst Ratings Changes

A number of brokerages recently weighed in on ALL. Bank of America raised their target price on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Jefferies Financial Group lifted their price objective on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays reduced their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. Morgan Stanley lifted their price target on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Piper Sandler upped their price objective on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

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.