The Allstate Co. (NYSE:ALL) Shares Purchased by Signaturefd LLC

Signaturefd LLC boosted its position in The Allstate Co. (NYSE:ALL) by 17.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,184 shares of the insurance provider’s stock after buying an additional 636 shares during the quarter. Signaturefd LLC’s holdings in Allstate were worth $586,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ALL. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Allstate in the 3rd quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Allstate in the 4th quarter valued at about $36,000. Venturi Wealth Management LLC raised its stake in shares of Allstate by 152.7% in the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 168 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Allstate in the 4th quarter valued at about $43,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Allstate in the 3rd quarter valued at about $48,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

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 shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction that occurred 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 completion of the sale, 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 document filed with the SEC, which can be accessed through the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Roth Mkm upped their target price on shares of Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Piper Sandler upped their target price on shares of Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. The Goldman Sachs Group boosted their price objective on shares of Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, March 25th. HSBC raised shares of Allstate from a “hold” rating to a “buy” rating and boosted their price objective for the company from $158.00 to $190.00 in a research report on Thursday, March 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Allstate from $172.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and a consensus price target of $173.71.

Allstate Trading Down 0.1 %

Shares of NYSE:ALL opened at $175.27 on Wednesday. The company has a 50 day moving average of $164.50 and a 200-day moving average of $148.42. The firm has a market cap of $46.11 billion, a P/E ratio of -141.35, a P/E/G ratio of 0.42 and a beta of 0.52. The Allstate Co. has a twelve month low of $100.57 and a twelve month high of $176.93. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $1.95. The company had revenue of $14.83 billion during the quarter, compared to analyst estimates 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 prior year, the business posted ($1.36) EPS. As a group, analysts anticipate that The Allstate Co. will post 13.44 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders 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. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, March 1st. Allstate’s dividend payout ratio is currently -296.77%.

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.