Sumitomo Mitsui Trust Holdings Inc. Boosts Holdings in The Allstate Co. (NYSE:ALL)

Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of The Allstate Co. (NYSE:ALL) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 680,626 shares of the insurance provider’s stock after acquiring an additional 29,970 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.26% of Allstate worth $95,274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lecap Asset Management Ltd. purchased a new position in Allstate during the 4th quarter valued at about $2,703,000. Louisiana State Employees Retirement System purchased a new position in Allstate during the 4th quarter valued at about $2,212,000. Crestwood Advisors Group LLC increased its holdings in Allstate by 10.5% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,235 shares of the insurance provider’s stock valued at $313,000 after acquiring an additional 213 shares in the last quarter. Simplicity Solutions LLC increased its holdings in Allstate by 19.9% during the 4th quarter. Simplicity Solutions LLC now owns 4,990 shares of the insurance provider’s stock valued at $699,000 after acquiring an additional 827 shares in the last quarter. Finally, Ingalls & Snyder LLC purchased a new position in Allstate during the 4th quarter valued at about $238,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allstate

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

Allstate Trading Down 1.0 %

Shares of ALL stock opened at $164.13 on Wednesday. The stock has a market cap of $43.18 billion, a price-to-earnings ratio of -132.36, a price-to-earnings-growth ratio of 0.41 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. The Allstate Co. has a fifty-two week low of $100.57 and a fifty-two week high of $174.57. The firm’s 50 day moving average price is $163.35 and its two-hundred day moving average price is $146.33.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $1.95. The firm had revenue of $14.83 billion for the quarter, compared to analysts’ expectations of $12.69 billion. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. Allstate’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.36) earnings per share. On average, analysts anticipate that The Allstate Co. will post 13.41 EPS for the current year.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.24%. This is a boost from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date was Friday, March 1st. Allstate’s payout ratio is -296.77%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ALL shares. Roth Mkm lifted their price target on shares of Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 8th. UBS Group lifted their price target on shares of Allstate from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, February 12th. HSBC upgraded shares of Allstate from a “hold” rating to a “buy” rating and lifted their price target for the stock from $158.00 to $190.00 in a report on Thursday, March 28th. JPMorgan Chase & Co. lifted their price target on shares of Allstate from $172.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, Evercore ISI lifted their price target on shares of Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. One investment 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $173.71.

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.