Sumitomo Mitsui DS Asset Management Company Ltd Sells 464 Shares of The Allstate Co. (NYSE:ALL)

Sumitomo Mitsui DS Asset Management Company Ltd cut its position in The Allstate Co. (NYSE:ALL) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,024 shares of the insurance provider’s stock after selling 464 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Allstate were worth $4,483,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Gradient Investments LLC lifted its holdings in Allstate by 1.6% during the 4th quarter. Gradient Investments LLC now owns 4,130 shares of the insurance provider’s stock worth $578,000 after buying an additional 66 shares during the period. SVB Wealth LLC boosted its holdings in Allstate by 1.2% in the fourth quarter. SVB Wealth LLC now owns 6,169 shares of the insurance provider’s stock valued at $864,000 after acquiring an additional 72 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in Allstate by 1.5% in the fourth 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 last quarter. Carmel Capital Partners LLC increased its position in Allstate by 19.2% during the 3rd quarter. Carmel Capital Partners LLC now owns 516 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 83 shares during the period. Finally, Ballentine Partners LLC raised its holdings in Allstate by 0.8% during the 3rd quarter. Ballentine Partners LLC now owns 11,320 shares of the insurance provider’s stock worth $1,261,000 after purchasing an additional 89 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Allstate

In related news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction that occurred 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 directly owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO John C. Pintozzi sold 4,000 shares of the business’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 transaction, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The sale was disclosed in a legal 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 stock was sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the sale, the insider now owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Allstate Stock Up 1.4 %

Shares of NYSE:ALL opened at $175.41 on Tuesday. The business’s 50 day moving average is $164.17 and its 200 day moving average is $147.99. The Allstate Co. has a 12-month low of $100.57 and a 12-month high of $176.12. The stock has a market cap of $46.15 billion, a price-to-earnings ratio of -141.46, a PEG ratio of 0.42 and a beta of 0.52. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.51.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $1.95. The firm had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $12.69 billion. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.36) EPS. On average, sell-side analysts forecast that The Allstate Co. will post 13.44 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a $0.92 dividend. This is a positive change from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date was Friday, March 1st. This represents a $3.68 annualized dividend and a yield of 2.10%. Allstate’s dividend payout ratio (DPR) is -296.77%.

Wall Street Analyst Weigh In

ALL has been the subject of several recent analyst reports. TD Cowen began coverage on shares of Allstate in a research report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 price objective for the company. Evercore ISI increased their price target on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Jefferies Financial Group raised Allstate from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $130.00 to $180.00 in a research report on Tuesday, January 9th. Morgan Stanley upped their target price on Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, UBS Group lifted their target price on Allstate from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $173.71.

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.