Central Bank & Trust Co. Reduces Stock Holdings in The Allstate Co. (NYSE:ALL)

Central Bank & Trust Co. lessened its stake in shares of The Allstate Co. (NYSE:ALL) by 21.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,353 shares of the insurance provider’s stock after selling 935 shares during the quarter. Central Bank & Trust Co.’s holdings in Allstate were worth $646,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ALL. Annex Advisory Services LLC raised its stake in shares of Allstate by 7.5% in the fourth quarter. Annex Advisory Services LLC now owns 4,694 shares of the insurance provider’s stock valued at $905,000 after acquiring an additional 329 shares during the period. Grove Bank & Trust raised its position in Allstate by 88.8% in the 4th quarter. Grove Bank & Trust now owns 755 shares of the insurance provider’s stock worth $146,000 after purchasing an additional 355 shares during the period. Artemis Investment Management LLP raised its position in Allstate by 33.3% in the 4th quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider’s stock worth $77,413,000 after purchasing an additional 100,311 shares during the period. GenWealth Group Inc. boosted its position in shares of Allstate by 25.8% during the fourth quarter. GenWealth Group Inc. now owns 1,602 shares of the insurance provider’s stock valued at $309,000 after buying an additional 329 shares during the period. Finally, Aaron Wealth Advisors LLC grew its stake in shares of Allstate by 9.5% during the fourth quarter. Aaron Wealth Advisors LLC now owns 1,660 shares of the insurance provider’s stock valued at $320,000 after buying an additional 144 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Allstate Stock Performance

ALL stock opened at $188.85 on Tuesday. The Allstate Co. has a one year low of $150.17 and a one year high of $209.88. The firm has a market cap of $50.01 billion, a price-to-earnings ratio of 12.23, a PEG 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 firm has a 50-day simple moving average of $195.73 and a two-hundred day simple moving average of $186.69.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating the consensus estimate of $2.20 by $1.71. The company had revenue of $16.63 billion during 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 was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned $0.81 earnings per share. On average, equities analysts forecast that The Allstate Co. will post 16.45 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors 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 was Friday, November 29th. Allstate’s dividend payout ratio is currently 23.83%.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of recent analyst reports. Raymond James boosted their price objective on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. Jefferies Financial Group boosted their target price 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. BMO Capital Markets raised their price target on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. The Goldman Sachs Group boosted their price objective 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. Finally, Bank of America upped their target price on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average 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.