Sawyer & Company Inc Has $3.24 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Sawyer & Company Inc decreased its stake in shares of The Allstate Co. (NYSE:ALL) by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,736 shares of the insurance provider’s stock after selling 1,087 shares during the period. Sawyer & Company Inc’s holdings in Allstate were worth $3,242,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ALL. Private Wealth Management Group LLC bought a new stake in shares of Allstate during the fourth quarter valued at approximately $25,000. Rise Advisors LLC acquired a new stake in shares of Allstate in the 1st quarter valued at $26,000. Northwest Investment Counselors LLC bought a new position in Allstate in the first quarter valued at about $26,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Allstate in the fourth quarter worth about $36,000. Finally, Venturi Wealth Management LLC raised its holdings in Allstate by 152.7% during the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 168 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of NYSE ALL opened at $159.66 on Friday. The company has a fifty day moving average price of $165.87 and a 200 day moving average price of $159.96. The Allstate Co. has a 1-year low of $100.57 and a 1-year high of $177.37. The firm has a market cap of $42.14 billion, a PE ratio of 35.25, a PEG ratio of 1.88 and a beta of 0.50. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48.

Allstate (NYSE:ALL) last posted its quarterly earnings data 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 return on equity of 14.44% and a net margin of 2.31%. The company had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. During the same period in the prior year, the firm earned ($1.30) earnings per share. Allstate’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts predict that The Allstate Co. will post 12.15 earnings per share for the current fiscal year.

Allstate Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 3rd. JPMorgan Chase & Co. upped their target price on shares of Allstate from $185.00 to $193.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. The Goldman Sachs Group increased their price target on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, March 25th. HSBC upgraded Allstate from a “hold” rating to a “buy” rating and upped their price objective for the company from $158.00 to $190.00 in a report on Thursday, March 28th. Finally, Wells Fargo & Company raised their target price on Allstate from $146.00 to $153.00 and gave the stock an “underweight” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned 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 $174.88.

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.