Woodmont Investment Counsel LLC Sells 1,755 Shares of The Allstate Co. (NYSE:ALL)

Woodmont Investment Counsel LLC decreased its holdings in The Allstate Co. (NYSE:ALL) by 31.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,805 shares of the insurance provider’s stock after selling 1,755 shares during the period. Woodmont Investment Counsel LLC’s holdings in Allstate were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. SageView Advisory Group LLC bought a new position in Allstate in the fourth quarter worth approximately $456,000. Rafferty Asset Management LLC grew its holdings in Allstate by 5.7% in the fourth quarter. Rafferty Asset Management LLC now owns 92,753 shares of the insurance provider’s stock worth $12,984,000 after purchasing an additional 4,987 shares during the last quarter. Ellsworth Advisors LLC purchased a new position in Allstate in the fourth quarter worth $4,312,000. SteelPeak Wealth LLC grew its holdings in Allstate by 175.2% in the fourth quarter. SteelPeak Wealth LLC now owns 15,682 shares of the insurance provider’s stock worth $2,209,000 after purchasing an additional 9,984 shares during the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new position in Allstate in the fourth quarter worth $5,927,000. Institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $194.00 price target on shares of Allstate in a report on Friday, June 21st. Wells Fargo & Company lifted their price target on shares of Allstate from $146.00 to $153.00 and gave the stock an “underweight” rating in a report on Friday, May 10th. JPMorgan Chase & Co. lifted their price target on shares of Allstate from $185.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Piper Sandler lifted their price target on shares of Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, The Goldman Sachs Group boosted their price objective on shares of Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a report on Monday, March 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.88.

Allstate Stock Down 0.3 %

ALL opened at $160.13 on Wednesday. The Allstate Co. has a twelve month low of $100.57 and a twelve month high of $177.37. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $165.57 and a 200 day moving average price of $160.33. The company has a market cap of $42.26 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 1.88 and a beta of 0.48.

Allstate (NYSE:ALL) last released its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, topping the consensus estimate of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The firm had revenue of $15.26 billion during the quarter, compared to the consensus estimate of $12.76 billion. During the same quarter in the prior year, the firm earned ($1.30) EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Sell-side analysts expect that The Allstate Co. will post 12.15 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, May 31st were issued a $0.92 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a yield of 2.30%. Allstate’s payout ratio is 81.24%.

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.