Moody Lynn & Lieberson LLC Sells 142 Shares of The Allstate Co. (NYSE:ALL)

Moody Lynn & Lieberson LLC trimmed its position in shares of The Allstate Co. (NYSE:ALL) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,504 shares of the insurance provider’s stock after selling 142 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Allstate were worth $483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Allstate Stock Performance

ALL opened at $185.97 on Friday. 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 stock has a market capitalization of $49.25 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.41 and a beta of 0.52. The company has a fifty day moving average of $194.70 and a 200 day moving average of $187.27. The Allstate Co. has a fifty-two week low of $153.42 and a fifty-two week high of $209.88.

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 firm had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 earnings per share. As a group, sell-side analysts forecast that The Allstate Co. will post 16.83 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.98%. Allstate’s dividend payout ratio (DPR) is 23.83%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Jefferies Financial Group lifted their price target 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. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Morgan Stanley upped their price target on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price objective on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Finally, UBS Group increased their target price on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Allstate presently has an average 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.