First Financial Corp IN Sells 2,038 Shares of The Allstate Co. (NYSE:ALL)

First Financial Corp IN decreased its position in The Allstate Co. (NYSE:ALL) by 53.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,798 shares of the insurance provider’s stock after selling 2,038 shares during the quarter. First Financial Corp IN’s holdings in Allstate were worth $311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gradient Investments LLC increased its stake in Allstate by 1.6% in the 4th quarter. Gradient Investments LLC now owns 4,130 shares of the insurance provider’s stock valued at $578,000 after buying an additional 66 shares during the last quarter. Brighton Jones LLC boosted its position in Allstate by 1.9% in the fourth quarter. Brighton Jones LLC now owns 3,862 shares of the insurance provider’s stock worth $541,000 after purchasing an additional 71 shares during the last quarter. SVB Wealth LLC boosted its position in Allstate by 1.2% in the fourth quarter. SVB Wealth LLC now owns 6,169 shares of the insurance provider’s stock worth $864,000 after purchasing an additional 72 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of Allstate by 1.5% during the 4th quarter. AdvisorNet Financial Inc now owns 5,384 shares of the insurance provider’s stock valued at $754,000 after purchasing an additional 82 shares during the last quarter. Finally, St. Johns Investment Management Company LLC raised its stake in shares of Allstate by 2.2% during the 4th quarter. St. Johns Investment Management Company LLC now owns 3,955 shares of the insurance provider’s stock worth $554,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Down 1.8 %

NYSE:ALL traded down $2.91 during mid-day trading on Wednesday, hitting $158.43. 332,355 shares of the company’s stock were exchanged, compared to its average volume of 1,591,346. The company has a market cap of $41.81 billion, a PE ratio of 34.90, a P/E/G ratio of 1.72 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.36. The Allstate Co. has a one year low of $100.57 and a one year high of $177.37. The business has a fifty day moving average price of $166.41 and a 200 day moving average price of $159.86.

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, beating analysts’ consensus estimates 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 analyst estimates of $12.76 billion. During the same quarter last year, the company earned ($1.30) EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts predict that The Allstate Co. will post 13.51 EPS for the current year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, May 31st will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.32%. The ex-dividend date is Friday, May 31st. Allstate’s dividend payout ratio (DPR) is 81.24%.

Analyst Ratings Changes

ALL has been the subject of several research reports. Evercore ISI increased their price target on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Wells Fargo & Company raised their price target on shares of Allstate from $146.00 to $153.00 and gave the stock an “underweight” rating in a research note on Friday, May 10th. Morgan Stanley upped their price objective on Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. boosted their target price on Allstate from $185.00 to $193.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, Piper Sandler lifted their price objective on Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.