Fulton Bank N.A. Has $516,000 Stake in The Allstate Co. (NYSE:ALL)

Fulton Bank N.A. lowered its holdings in shares of The Allstate Co. (NYSE:ALL) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,676 shares of the insurance provider’s stock after selling 300 shares during the period. Fulton Bank N.A.’s holdings in Allstate were worth $516,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in Allstate in the third quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Allstate in the 3rd quarter valued at approximately $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate in the 3rd quarter valued at approximately $29,000. Peoples Bank KS acquired a new position in shares of Allstate in the 4th quarter worth approximately $49,000. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of Allstate during the 3rd quarter worth approximately $58,000. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

ALL stock opened at $191.45 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The Allstate Co. has a twelve month low of $148.23 and a twelve month high of $209.88. The business’s fifty day moving average is $195.91 and its 200-day moving average is $185.23. The company has a market cap of $50.70 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 1.70 and a beta of 0.52.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The firm had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 earnings per share. Equities research analysts forecast that The Allstate Co. will post 16.26 EPS for the current year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, November 29th. Allstate’s payout ratio is presently 23.83%.

Analysts Set New Price Targets

ALL has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. BMO Capital Markets lifted their price target on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Bank of America boosted their price target on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. The Goldman Sachs Group lifted their target price on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Morgan Stanley increased their price target on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $216.94.

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.