Radnor Capital Management LLC Cuts Stake in The Allstate Co. (NYSE:ALL)

Radnor Capital Management LLC lessened its stake in shares of The Allstate Co. (NYSE:ALL) by 31.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,090 shares of the insurance provider’s stock after selling 500 shares during the period. Radnor Capital Management LLC’s holdings in Allstate were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in shares of Allstate in the third quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new position in Allstate during the third quarter worth about $28,000. Catalyst Capital Advisors LLC purchased a new stake in Allstate during the 3rd quarter valued at about $29,000. Peoples Bank KS acquired a new stake in Allstate in the 4th quarter valued at about $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in Allstate in the 3rd quarter worth approximately $58,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Up 1.7 %

Shares of NYSE:ALL opened at $191.24 on Friday. The firm’s 50-day moving average is $195.87 and its two-hundred day moving average is $186.08. 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 Allstate Co. has a 1 year low of $150.17 and a 1 year high of $209.88. The firm has a market capitalization of $50.64 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 EPS. Analysts predict that The Allstate Co. will post 16.45 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were issued a dividend of $0.92 per share. The ex-dividend date was Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 1.92%. Allstate’s dividend payout ratio (DPR) is 23.83%.

Wall Street Analyst Weigh In

Several research firms recently commented on ALL. The Goldman Sachs Group increased their price target on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Piper Sandler lifted their price target on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Jefferies Financial Group lifted their target price on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets increased their price target on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.