Dakota Community Bank & Trust NA Lowers Stake in The Allstate Co. (NYSE:ALL)

Dakota Community Bank & Trust NA decreased its position in The Allstate Co. (NYSE:ALL) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,222 shares of the insurance provider’s stock after selling 141 shares during the quarter. Dakota Community Bank & Trust NA’s holdings in Allstate were worth $236,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC boosted its holdings in Allstate by 18,472.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock valued at $199,642,000 after acquiring an additional 1,047,019 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Allstate by 18.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock worth $569,114,000 after purchasing an additional 472,040 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Allstate by 181.6% in the second quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider’s stock valued at $114,955,000 after purchasing an additional 464,337 shares during the period. TimesSquare Capital Management LLC acquired a new position in shares of Allstate in the third quarter valued at approximately $77,819,000. Finally, Los Angeles Capital Management LLC increased its stake in Allstate by 688.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider’s stock worth $87,292,000 after buying an additional 401,901 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Down 1.2 %

ALL opened at $188.85 on Friday. The stock has a market capitalization of $50.01 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The Allstate Co. has a one year low of $150.17 and a one year high of $209.88. The business’s 50-day simple moving average is $195.89 and its 200-day simple moving average is $186.12.

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

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s payout ratio is currently 23.83%.

Wall Street Analyst Weigh In

Several equities analysts have commented on ALL shares. The Goldman Sachs Group raised their price target on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Barclays decreased their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. increased their price target on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. UBS Group lifted their price objective on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Piper Sandler upped their target price on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $218.13.

Allstate 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.