Trust Co. of Toledo NA OH Boosts Stake in The Allstate Co. (NYSE:ALL)

Trust Co. of Toledo NA OH lifted its position in The Allstate Co. (NYSE:ALL) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,417 shares of the insurance provider’s stock after acquiring an additional 123 shares during the period. Trust Co. of Toledo NA OH’s holdings in Allstate were worth $1,623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiduciary Alliance LLC bought a new stake in shares of Allstate during the 4th quarter valued at $451,000. Aprio Wealth Management LLC lifted its position in Allstate by 26.4% during the 4th quarter. Aprio Wealth Management LLC now owns 1,719 shares of the insurance provider’s stock valued at $331,000 after acquiring an additional 359 shares during the period. Czech National Bank boosted its stake in Allstate by 6.7% during the fourth quarter. Czech National Bank now owns 57,415 shares of the insurance provider’s stock worth $11,069,000 after acquiring an additional 3,628 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Allstate by 0.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 97,567 shares of the insurance provider’s stock valued at $18,503,000 after purchasing an additional 397 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Allstate during the fourth quarter valued at approximately $14,518,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of NYSE:ALL traded up $1.98 during mid-day trading on Monday, reaching $182.97. The stock had a trading volume of 560,153 shares, compared to its average volume of 2,221,361. The company has a market cap of $48.45 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 1.70 and a beta of 0.52. The business’s 50 day moving average price is $195.84 and its 200 day moving average price is $185.72. 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 Allstate Co. has a 1 year low of $150.17 and a 1 year high of $209.88.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the previous year, the business posted $0.81 earnings per share. Allstate’s quarterly revenue was up 14.7% on a year-over-year basis. Research analysts expect that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were given a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 2.01%. Allstate’s dividend payout ratio is currently 23.83%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday. BMO Capital Markets raised their price target on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Morgan Stanley upped their price target on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Piper Sandler lifted their target price on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, Bank of America increased their price target on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.06.

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.