Nikulski Financial Inc. Cuts Stock Holdings in The Allstate Co. (NYSE:ALL)

Nikulski Financial Inc. reduced its stake in The Allstate Co. (NYSE:ALL) by 10.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,965 shares of the insurance provider’s stock after selling 1,755 shares during the quarter. Nikulski Financial Inc.’s holdings in Allstate were worth $2,885,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Morgan Stanley upped their price objective on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods raised 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, January 10th. Barclays dropped their target price on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. Piper Sandler lifted their price target on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, Bank of America increased their price objective on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and an average target price of $218.13.

Allstate Trading Up 0.7 %

Shares of ALL opened at $185.97 on Friday. The business’s 50-day moving average price is $194.70 and its 200-day moving average price is $187.27. 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 twelve month low of $153.42 and a twelve month high of $209.88. The stock has a market cap of $49.25 billion, a PE ratio of 12.04, a P/E/G ratio of 1.41 and a beta of 0.52.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion during 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 quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS. On average, equities analysts forecast that The Allstate Co. will post 16.83 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s payout ratio is 23.83%.

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.