UMB Bank n.a. Trims Position in The Allstate Co. (NYSE:ALL)

UMB Bank n.a. cut its position in The Allstate Co. (NYSE:ALL – Get Rating) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,859 shares of the insurance provider’s stock after selling 1,060 shares during the period. UMB Bank n.a.’s holdings in Allstate were worth $3,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Advisors Inc. OK increased its stake in shares of Allstate by 4.3% in the third quarter. Capital Advisors Inc. OK now owns 1,828 shares of the insurance provider’s stock worth $242,000 after purchasing an additional 75 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Allstate by 28.1% in the third quarter. Hexagon Capital Partners LLC now owns 356 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 78 shares in the last quarter. Unison Advisors LLC increased its stake in shares of Allstate by 0.6% in the third quarter. Unison Advisors LLC now owns 14,788 shares of the insurance provider’s stock worth $1,854,000 after purchasing an additional 94 shares in the last quarter. IFG Advisors LLC increased its stake in shares of Allstate by 4.5% in the third quarter. IFG Advisors LLC now owns 2,199 shares of the insurance provider’s stock worth $274,000 after purchasing an additional 95 shares in the last quarter. Finally, M&R Capital Management Inc. increased its stake in shares of Allstate by 2.0% in the third quarter. M&R Capital Management Inc. now owns 5,079 shares of the insurance provider’s stock worth $632,000 after purchasing an additional 100 shares in the last quarter. 77.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Allstate

In related news, CFO Jesse E. Merten sold 29,451 shares of Allstate stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $134.18, for a total transaction of $3,951,735.18. Following the completion of the sale, the chief financial officer now owns 16,668 shares in the company, valued at approximately $2,236,512.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.77% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ALL. Roth Capital reaffirmed a “buy” rating on shares of Allstate in a research note on Thursday, February 2nd. Citigroup cut their target price on shares of Allstate from $160.00 to $150.00 in a research note on Thursday, January 19th. Evercore ISI cut their target price on shares of Allstate from $144.00 to $138.00 and set an “in-line” rating for the company in a research note on Thursday, February 2nd. UBS Group raised their target price on shares of Allstate from $150.00 to $160.00 in a research note on Tuesday, January 10th. Finally, Wells Fargo & Company cut their target price on shares of Allstate from $105.00 to $104.00 and set an “underweight” rating for the company in a research note on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $147.31.

Allstate Price Performance

Allstate stock opened at $105.11 on Friday. The firm has a 50-day moving average price of $129.42 and a 200-day moving average price of $129.79. The firm has a market capitalization of $27.68 billion, a PE ratio of -19.76, a price-to-earnings-growth ratio of 2.32 and a beta of 0.59. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.52. The Allstate Co. has a 12-month low of $104.32 and a 12-month high of $144.46.

Allstate (NYSE:ALL – Get Rating) last released its earnings results on Thursday, February 2nd. The insurance provider reported ($1.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.37) by $0.01. The firm had revenue of $13.55 billion during the quarter, compared to analyst estimates of $13.45 billion. Allstate had a negative net margin of 2.55% and a negative return on equity of 1.04%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $2.75 EPS. As a group, equities research analysts forecast that The Allstate Co. will post 6.81 EPS for the current year.

Allstate Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Tuesday, February 28th will be issued a dividend of $0.89 per share. This is a positive change from Allstate’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Monday, February 27th. This represents a $3.56 dividend on an annualized basis and a yield of 3.39%. Allstate’s dividend payout ratio (DPR) is presently -66.92%.

Allstate Company Profile

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The Allstate Corp. engages in the property and casualty insurance business and the provision of protection solutions. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property-Liability, and Corporate and Other. The Allstate Protection segment offers private passenger auto, homeowners, other personal lines, and commercial insurance marketed under the Allstate, National General, and Answer Financial brand names.