Uncommon Cents Investing LLC Reduces Stock Holdings in The Allstate Co. (NYSE:ALL)

Uncommon Cents Investing LLC reduced its position in The Allstate Co. (NYSE:ALL) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,715 shares of the insurance provider’s stock after selling 1,085 shares during the quarter. Allstate makes up about 1.2% of Uncommon Cents Investing LLC’s holdings, making the stock its 23rd largest position. Uncommon Cents Investing LLC’s holdings in Allstate were worth $3,994,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Barclays reduced their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. Morgan Stanley increased 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. Jefferies Financial Group upped their price target on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company raised their price objective on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Price Performance

Shares of Allstate stock opened at $188.85 on Monday. The firm has a market capitalization of $50.01 billion, a PE ratio of 12.23, a price-to-earnings-growth 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 Allstate Co. has a 12 month low of $150.17 and a 12 month high of $209.88. The business’s 50-day moving average price is $195.73 and its 200-day moving average price is $186.50.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $0.81 earnings per share. Sell-side analysts forecast that The Allstate Co. will post 16.45 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were paid a dividend of $0.92 per share. 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 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.