The Allstate Co. (NYSE:ALL) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC cut its stake in shares of The Allstate Co. (NYSE:ALL) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,113 shares of the insurance provider’s stock after selling 291 shares during the period. Copeland Capital Management LLC’s holdings in Allstate were worth $986,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Spire Wealth Management grew its holdings in shares of Allstate by 30.2% in the fourth quarter. Spire Wealth Management now owns 14,926 shares of the insurance provider’s stock valued at $2,878,000 after purchasing an additional 3,462 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. grew its stake in shares of Allstate by 1.5% in the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 13,766 shares of the insurance provider’s stock worth $2,654,000 after acquiring an additional 203 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Allstate by 4.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,688 shares of the insurance provider’s stock worth $1,482,000 after acquiring an additional 328 shares during the period. KG&L Capital Management LLC acquired a new stake in shares of Allstate in the fourth quarter valued at $246,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in Allstate by 3.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 4,798 shares of the insurance provider’s stock valued at $920,000 after purchasing an additional 168 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALL has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their price objective on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. BMO Capital Markets lifted their price target on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Piper Sandler increased their price objective on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price objective on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Bank of America increased their target price on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Allstate has an average rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Trading Down 0.6 %

Shares of ALL stock opened at $192.60 on Monday. The stock has a 50 day simple moving average of $193.92 and a 200 day simple moving average of $188.46. The Allstate Co. has a 1 year low of $153.42 and a 1 year high of $209.88. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The stock has a market cap of $51.00 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 1.45 and a beta of 0.52.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio is presently 23.83%.

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.