Central Pacific Bank Trust Division Sells 1,754 Shares of The Allstate Co. (NYSE:ALL)

Central Pacific Bank Trust Division cut its holdings in shares of The Allstate Co. (NYSE:ALL) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,772 shares of the insurance provider’s stock after selling 1,754 shares during the period. Central Pacific Bank Trust Division’s holdings in Allstate were worth $1,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ALL. FSA Wealth Management LLC acquired a new stake in shares of Allstate in the 3rd quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate in the 3rd quarter valued at approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in Allstate during the 3rd quarter worth approximately $29,000. MCF Advisors LLC raised its holdings in shares of Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 84 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Allstate in the third quarter worth $58,000. 76.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ALL has been the topic of a number of recent research reports. Barclays lifted their target price on Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Evercore ISI lifted their target price on shares of Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Jefferies Financial Group upped their price target on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Piper Sandler increased their target price on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley increased their price target on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.19.

Allstate Trading Up 0.2 %

Shares of NYSE:ALL traded up $0.35 during mid-day trading on Friday, reaching $192.30. 615,818 shares of the company’s stock were exchanged, compared to its average volume of 1,159,728. The firm has a market capitalization of $50.92 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.70 and a beta of 0.50. The Allstate Co. has a twelve month low of $147.08 and a twelve month high of $209.88. The business’s fifty day moving average price is $195.79 and its 200-day moving average price is $184.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40.

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. The firm had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.81 EPS. On average, research analysts predict that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.91%. Allstate’s dividend payout ratio (DPR) is currently 23.83%.

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.