GUNN & Co INVESTMENT MANAGEMENT INC. Invests $284,000 in The Allstate Co. (NYSE:ALL)

GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of The Allstate Co. (NYSE:ALL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,029 shares of the insurance provider’s stock, valued at approximately $284,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gradient Investments LLC lifted its holdings in shares of Allstate by 1.6% in the 4th quarter. Gradient Investments LLC now owns 4,130 shares of the insurance provider’s stock worth $578,000 after acquiring an additional 66 shares during the last quarter. SVB Wealth LLC lifted its stake in Allstate by 1.2% during the 4th quarter. SVB Wealth LLC now owns 6,169 shares of the insurance provider’s stock worth $864,000 after acquiring an additional 72 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in 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 acquiring an additional 82 shares during the period. Carmel Capital Partners LLC grew its position in Allstate by 19.2% in the 3rd quarter. Carmel Capital Partners LLC now owns 516 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 83 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its stake in Allstate by 3.8% during the fourth quarter. Ausdal Financial Partners Inc. now owns 2,405 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 89 shares during the period. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ALL shares. TheStreet upgraded shares of Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Keefe, Bruyette & Woods upped their price objective on Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Morgan Stanley lifted their target price on Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, April 15th. The Goldman Sachs Group upped their price target on Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Finally, Wells Fargo & Company lifted their price objective on Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $174.18.

Allstate Stock Performance

Shares of ALL stock opened at $168.18 on Monday. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $177.37. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.37 and a current ratio of 0.36. The firm has a market cap of $44.39 billion, a price-to-earnings ratio of 37.13, a PEG ratio of 0.39 and a beta of 0.51. The stock’s 50-day moving average is $166.06 and its two-hundred day moving average is $151.27.

Allstate (NYSE:ALL) last released its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $15.26 billion for the quarter, compared to the consensus estimate of $12.76 billion. During the same quarter last year, the business posted ($1.30) EPS. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. Analysts predict that The Allstate Co. will post 14.57 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a yield of 2.19%. This is a boost from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is currently 81.24%.

Insiders Place Their Bets

In other news, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the sale, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John E. Dugenske sold 31,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following the sale, the insider now directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Allstate Company 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.