First Financial Bank Trust Division Decreases Stake in The Allstate Co. (NYSE:ALL)

First Financial Bank Trust Division cut its holdings in shares of The Allstate Co. (NYSE:ALL) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,809 shares of the insurance provider’s stock after selling 223 shares during the quarter. First Financial Bank Trust Division’s holdings in Allstate were worth $1,120,000 as of its most recent filing with the Securities & Exchange Commission.

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

Allstate Price Performance

Shares of NYSE ALL traded down $0.84 during trading hours on Thursday, reaching $191.95. 1,711,751 shares of the stock traded hands, compared to its average volume of 1,534,989. The company has a market capitalization of $50.83 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 1.70 and a beta of 0.50. The company’s 50-day simple moving average is $195.79 and its two-hundred day simple 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 Allstate Co. has a 52-week low of $143.80 and a 52-week high of $209.88.

Allstate (NYSE:ALL) last announced its quarterly earnings data 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 net margin of 6.77% and a return on equity of 26.67%. The firm had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the previous year, the business posted $0.81 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts forecast that The Allstate Co. will post 16.26 EPS for the current year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.92%. Allstate’s dividend payout ratio (DPR) is currently 23.83%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler boosted their price objective on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Morgan Stanley increased their target price on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Barclays boosted their price target on shares of Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Finally, Raymond James increased their price objective on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $217.19.

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.