First Financial Bank Trust Division Sells 223 Shares of The Allstate Co. (NYSE:ALL)

First Financial Bank Trust Division trimmed its position in The Allstate Co. (NYSE:ALL) by 3.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,809 shares of the insurance provider’s stock after selling 223 shares during the period. First Financial Bank Trust Division’s holdings in Allstate were worth $1,120,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new position in shares of Allstate during the third quarter valued at about $26,000. Northwest Investment Counselors LLC purchased a new position in Allstate during the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new position in Allstate during the 3rd quarter valued at approximately $29,000. MCF Advisors LLC lifted its holdings in Allstate by 33.9% in the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after buying an additional 84 shares during the period. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Allstate in the 3rd quarter worth approximately $58,000. 76.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ALL. Raymond James raised their price target on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods raised their target price on shares of Allstate from $222.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Bank of America boosted their price target 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. UBS Group raised their price objective on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, BMO Capital Markets upped their target price on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $217.19.

Allstate Stock Down 0.4 %

Shares of NYSE ALL traded down $0.84 during trading on Thursday, reaching $191.95. The company had a trading volume of 1,711,751 shares, compared to its average volume of 1,534,989. The business’s 50-day moving average is $195.79 and its 200 day moving average is $184.18. 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 stock has a market cap of $50.83 billion, a PE ratio of 12.43, a P/E/G ratio of 1.70 and a beta of 0.50. The Allstate Co. has a 12-month low of $143.80 and a 12-month high of $209.88.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. The company had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Allstate’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 EPS. As a group, equities analysts forecast that The Allstate Co. will post 16.26 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 29th will be given a $0.92 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 1.92%. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

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.