LSV Asset Management Sells 272,600 Shares of The Allstate Co. (NYSE:ALL)

LSV Asset Management lowered its position in shares of The Allstate Co. (NYSE:ALL) by 87.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,900 shares of the insurance provider’s stock after selling 272,600 shares during the quarter. LSV Asset Management’s holdings in Allstate were worth $5,725,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Allstate during the third quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Allstate during the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC lifted its position in shares of Allstate by 152.7% during the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 168 shares during the period. Bruce G. Allen Investments LLC bought a new position in Allstate during the fourth quarter worth $43,000. Finally, First Command Advisory Services Inc. acquired a new stake in Allstate in the third quarter worth $48,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Performance

Shares of ALL opened at $170.28 on Thursday. The stock has a 50 day moving average of $166.44 and a 200 day moving average of $151.91. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. The Allstate Co. has a 12 month low of $100.57 and a 12 month high of $177.37. The company has a market capitalization of $44.94 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 0.39 and a beta of 0.51.

Allstate (NYSE:ALL) last released its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 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 company had revenue of $15.26 billion for the quarter, compared to analysts’ expectations of $12.76 billion. During the same period in the previous year, the business posted ($1.30) EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, sell-side analysts forecast that The Allstate Co. will post 14.57 earnings per share for the current year.

Allstate Increases Dividend

The business also recently disclosed 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. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.16%. This is a positive change from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. Allstate’s payout ratio is presently 81.24%.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a report on Monday, March 25th. Piper Sandler increased their price target on Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Keefe, Bruyette & Woods boosted their price objective on Allstate from $181.00 to $189.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Wells Fargo & Company increased their target price on Allstate from $145.00 to $146.00 and gave the stock an “underweight” rating in a report on Thursday, April 11th. Finally, Raymond James boosted their price target on shares of Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.18.

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.