Transform Wealth LLC Cuts Holdings in The Allstate Co. (NYSE:ALL)

Transform Wealth LLC trimmed its position in The Allstate Co. (NYSE:ALL) by 6.5% during the 4th quarter, HoldingsChannel reports. The firm owned 7,583 shares of the insurance provider’s stock after selling 527 shares during the quarter. Transform Wealth LLC’s holdings in Allstate were worth $1,469,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new position in shares of Allstate in the 3rd quarter worth $26,000. Northwest Investment Counselors LLC bought a new position in shares of Allstate in the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC purchased a new position in Allstate in the third quarter worth about $29,000. Peoples Bank KS bought a new stake in Allstate during the fourth quarter worth approximately $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Allstate during the third quarter valued at approximately $58,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Performance

Shares of ALL opened at $188.85 on Tuesday. 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 firm has a market cap of $50.01 billion, a PE ratio of 12.23, a P/E/G ratio of 1.42 and a beta of 0.52. The Allstate Co. has a 12 month low of $150.17 and a 12 month high of $209.88. The stock has a fifty day moving average price of $195.55 and a 200-day moving average price of $186.90.

Allstate (NYSE:ALL) last released its quarterly 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 company had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the business posted $0.81 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. Equities research analysts predict that The Allstate Co. will post 16.45 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.95%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio is presently 23.83%.

Analyst Ratings Changes

A number of research firms recently commented on ALL. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods upped 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. The Goldman Sachs Group raised their price target on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Raymond James increased their target price on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. Finally, 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 report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Allstate presently has a consensus 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.