CHICAGO TRUST Co NA Trims Holdings in The Allstate Co. (NYSE:ALL)

CHICAGO TRUST Co NA lowered its holdings in The Allstate Co. (NYSE:ALL) by 5.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,870 shares of the insurance provider’s stock after selling 210 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Allstate were worth $746,000 at the end of the most recent quarter.

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

Allstate Stock Up 0.9 %

ALL opened at $182.63 on Tuesday. The stock has a market capitalization of $48.36 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.70 and a beta of 0.52. The firm has a 50 day moving average price of $195.85 and a 200-day moving average price of $185.88. The Allstate Co. has a twelve month low of $150.17 and a twelve month high of $209.88. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last released its quarterly 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. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the prior year, the firm earned $0.81 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. Equities research analysts forecast that The Allstate Co. will post 16.26 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.02%. Allstate’s dividend payout ratio is currently 23.83%.

Analysts Set New Price Targets

ALL has been the subject of several research reports. Barclays decreased their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Jefferies Financial Group upped their target price on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their price target on shares of Allstate from $175.00 to $186.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Allstate presently has an average rating of “Moderate Buy” and an average target price of $218.06.

About Allstate

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.