Hummer Financial Advisory Services Inc Sells 100 Shares of The Allstate Co. (NYSE:ALL)

Hummer Financial Advisory Services Inc decreased its position in shares of The Allstate Co. (NYSE:ALL) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,286 shares of the insurance provider’s stock after selling 100 shares during the period. Hummer Financial Advisory Services Inc’s holdings in Allstate were worth $443,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in shares of Allstate during the third quarter valued at approximately $26,000. Northwest Investment Counselors LLC purchased a new position in Allstate during the third quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new stake in Allstate in the 3rd quarter valued at $29,000. Peoples Bank KS purchased a new stake in Allstate in the 4th quarter worth $49,000. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of Allstate during the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler increased their price target on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Raymond James increased their target price on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Friday, October 4th. Bank of America boosted 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. Morgan Stanley increased their price objective on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets boosted their target price on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. One investment 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $218.06.

Allstate Stock Up 0.9 %

Allstate stock opened at $182.63 on Tuesday. The business’s 50-day simple moving average is $195.85 and its two-hundred day simple moving average is $185.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $48.36 billion, a PE ratio of 11.83, a PEG ratio of 1.70 and a beta of 0.52. The Allstate Co. has a fifty-two week low of $150.17 and a fifty-two week high of $209.88.

Allstate (NYSE:ALL) last issued 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. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. Allstate’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities analysts anticipate that The Allstate Co. will post 16.26 EPS for the current year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 2.02%. Allstate’s dividend payout ratio is presently 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.