The Allstate Co. (NYSE:ALL) Shares Sold by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC reduced its stake in The Allstate Co. (NYSE:ALL) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,932 shares of the insurance provider’s stock after selling 251 shares during the period. St. Johns Investment Management Company LLC’s holdings in Allstate were worth $758,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ALL. RFG Advisory LLC acquired a new position in Allstate during the 4th quarter valued at approximately $218,000. Greater Midwest Financial Group LLC boosted its holdings in shares of Allstate by 11.8% during the fourth quarter. Greater Midwest Financial Group LLC now owns 7,488 shares of the insurance provider’s stock valued at $1,444,000 after acquiring an additional 788 shares during the period. Brighton Jones LLC grew its position in shares of Allstate by 60.2% during the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after acquiring an additional 2,443 shares during the last quarter. Sustainable Insight Capital Management LLC increased its holdings in shares of Allstate by 55.6% in the 4th quarter. Sustainable Insight Capital Management LLC now owns 26,457 shares of the insurance provider’s stock worth $5,101,000 after acquiring an additional 9,457 shares during the period. Finally, Mutual Advisors LLC lifted its position in Allstate by 24.9% in the 4th quarter. Mutual Advisors LLC now owns 2,331 shares of the insurance provider’s stock valued at $445,000 after purchasing an additional 465 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Allstate Trading Down 0.3 %

Shares of NYSE:ALL opened at $184.63 on Friday. The Allstate Co. has a 12-month low of $153.42 and a 12-month high of $209.88. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $48.89 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 1.41 and a beta of 0.52. The firm has a fifty day moving average of $195.15 and a two-hundred day moving average of $187.10.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping 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 the consensus estimate of $14.57 billion. During the same period last year, the business earned $0.81 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities analysts expect that The Allstate Co. will post 16.83 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued 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 dividend yield of 1.99%. Allstate’s dividend payout ratio is currently 23.83%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ALL. Piper Sandler raised their target price on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods upped their price objective on shares of Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Raymond James raised their target price on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Friday, October 4th. Finally, The Goldman Sachs Group upped their price target on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and a consensus target price 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.