Pinnacle Bancorp Inc. Sells 129 Shares of The Allstate Co. (NYSE:ALL)

Pinnacle Bancorp Inc. decreased its stake in shares of The Allstate Co. (NYSE:ALL) by 13.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 841 shares of the insurance provider’s stock after selling 129 shares during the period. Pinnacle Bancorp Inc.’s holdings in Allstate were worth $162,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Allstate by 5.2% in the third quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock worth $109,605,000 after buying an additional 28,584 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in Allstate by 38.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock worth $2,067,000 after purchasing an additional 2,888 shares in the last quarter. Bank of Montreal Can boosted its holdings in Allstate by 1.7% in the 3rd quarter. Bank of Montreal Can now owns 683,574 shares of the insurance provider’s stock valued at $128,758,000 after purchasing an additional 11,195 shares during the period. Blueshift Asset Management LLC purchased a new position in shares of Allstate during the 3rd quarter valued at $623,000. Finally, International Assets Investment Management LLC bought a new position in shares of Allstate in the fourth quarter worth $14,518,000. Institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. BMO Capital Markets boosted their target price on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods boosted their price objective on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Raymond James lifted their target price on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Friday, October 4th. Finally, Jefferies Financial Group increased their price target on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $218.13.

Allstate Price Performance

Shares of Allstate stock opened at $191.24 on Friday. The stock has a market capitalization of $50.64 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52. The Allstate Co. has a one year low of $150.17 and a one year high of $209.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The business’s 50 day simple moving average is $195.87 and its two-hundred day simple moving average is $186.08.

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

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a $0.92 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.92%. Allstate’s payout ratio is presently 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.