GTS Securities LLC Reduces Position in The Allstate Co. (NYSE:ALL)

GTS Securities LLC decreased its stake in The Allstate Co. (NYSE:ALL - Free Report) by 92.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,898 shares of the insurance provider's stock after selling 33,625 shares during the quarter. GTS Securities LLC's holdings in Allstate were worth $559,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ALL. Janney Montgomery Scott LLC grew its position in shares of Allstate by 6.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 54,276 shares of the insurance provider's stock valued at $10,464,000 after purchasing an additional 3,244 shares during the period. Mutual Advisors LLC grew its position in shares of Allstate by 24.9% in the fourth quarter. Mutual Advisors LLC now owns 2,331 shares of the insurance provider's stock valued at $445,000 after purchasing an additional 465 shares during the period. Brighton Jones LLC grew its position in shares of Allstate by 60.2% in the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock valued at $1,253,000 after purchasing an additional 2,443 shares during the period. RFG Advisory LLC acquired a new stake in shares of Allstate in the fourth quarter valued at about $218,000. Finally, Dynamic Advisor Solutions LLC grew its position in shares of Allstate by 2.1% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 3,842 shares of the insurance provider's stock valued at $741,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 76.47% of the company's stock.

Allstate Stock Up 1.4%

ALL traded up $2.89 during trading hours on Friday, hitting $209.65. 2,491,873 shares of the company's stock were exchanged, compared to its average volume of 1,609,779. The Allstate Co. has a 12-month low of $156.66 and a 12-month high of $212.91. The firm has a 50 day moving average of $199.47 and a 200 day moving average of $196.76. The firm has a market cap of $55.52 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 1.01 and a beta of 0.32. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42.

Allstate (NYSE:ALL - Get Free Report) last announced its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.45). Allstate had a return on equity of 28.20% and a net margin of 7.28%. The business had revenue of $14.30 billion for the quarter, compared to analysts' expectations of $16.41 billion. During the same period in the previous year, the company earned $5.13 earnings per share. Allstate's quarterly revenue was up 7.8% on a year-over-year basis. Analysts predict that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate announced that its Board of Directors has approved a share buyback plan on Wednesday, February 26th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 9th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Monday, June 9th. Allstate's dividend payout ratio is presently 27.32%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ALL. Wells Fargo & Company lowered their price target on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. JPMorgan Chase & Co. boosted their price target on shares of Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Argus upgraded shares of Allstate from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. Barclays lowered their price target on shares of Allstate from $183.00 to $172.00 and set an "underweight" rating on the stock in a research report on Friday, April 11th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Allstate in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Allstate currently has a consensus rating of "Moderate Buy" and an average target price of $225.20.

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.