City State Bank Has $62,000 Stake in The Allstate Co. (NYSE:ALL)

City State Bank trimmed its position in The Allstate Co. (NYSE:ALL) by 23.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 323 shares of the insurance provider’s stock after selling 100 shares during the quarter. City State Bank’s holdings in Allstate were worth $62,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Trust Co. of Toledo NA OH raised its stake in shares of Allstate by 1.5% in the fourth quarter. Trust Co. of Toledo NA OH now owns 8,417 shares of the insurance provider’s stock valued at $1,623,000 after purchasing an additional 123 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in shares of Allstate in the fourth quarter valued at $451,000. Aprio Wealth Management LLC raised its stake in shares of Allstate by 26.4% in the fourth quarter. Aprio Wealth Management LLC now owns 1,719 shares of the insurance provider’s stock valued at $331,000 after purchasing an additional 359 shares in the last quarter. Czech National Bank raised its stake in shares of Allstate by 6.7% in the fourth quarter. Czech National Bank now owns 57,415 shares of the insurance provider’s stock valued at $11,069,000 after purchasing an additional 3,628 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Allstate by 0.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 97,567 shares of the insurance provider’s stock worth $18,503,000 after acquiring an additional 397 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Price Performance

Allstate stock opened at $182.63 on Tuesday. The business’s 50-day simple moving average is $195.85 and its 200 day simple moving average is $185.88. The stock has a market cap of $48.36 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 1.70 and a beta of 0.52. The Allstate Co. has a 12-month low of $150.17 and a 12-month high of $209.88. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last posted 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 business had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter last year, the business earned $0.81 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts anticipate that The Allstate Co. will post 16.26 earnings per share for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s payout ratio is 23.83%.

Analyst Ratings Changes

Several research firms have issued reports on ALL. Barclays dropped their price objective on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Piper Sandler increased their price objective on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods increased their price objective on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Financial Group increased their price objective on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group increased their price objective on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and an average price target of $218.06.

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.