MassMutual Private Wealth & Trust FSB Sells 726 Shares of The Allstate Co. (NYSE:ALL)

MassMutual Private Wealth & Trust FSB lessened its position in The Allstate Co. (NYSE:ALL) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,400 shares of the insurance provider’s stock after selling 726 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Allstate were worth $3,355,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ALL. SPC Financial Inc. grew its holdings in Allstate by 3.6% during the third quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock worth $297,000 after purchasing an additional 54 shares during the period. Lake Street Advisors Group LLC boosted its stake in shares of Allstate by 1.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock worth $596,000 after acquiring an additional 54 shares during the period. Abacus Planning Group Inc. increased its holdings in shares of Allstate by 2.4% during the 3rd quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock worth $458,000 after acquiring an additional 56 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Allstate by 1.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock valued at $893,000 after acquiring an additional 59 shares during the period. Finally, Carmichael Hill & Associates Inc. lifted its holdings in Allstate by 15.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 60 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALL has been the topic of several research reports. UBS Group upped their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. Jefferies Financial Group increased their price target on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Morgan Stanley boosted their price objective on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Raymond James increased their target price on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company boosted their price target on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $218.13.

Allstate Stock Performance

NYSE ALL opened at $188.85 on Tuesday. The Allstate Co. has a 1 year low of $150.17 and a 1 year high of $209.88. The firm has a market capitalization of $50.01 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 1.35 and a beta of 0.52. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The firm’s 50 day simple moving average is $195.73 and its 200 day simple moving average is $186.69.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) 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 company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter last year, the company posted $0.81 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, research analysts expect that The Allstate Co. will post 16.45 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a $0.92 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.95%. Allstate’s dividend payout ratio (DPR) is currently 23.83%.

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.