The Allstate Co. (NYSE:ALL) Stock Holdings Boosted by Lindbrook Capital LLC

Lindbrook Capital LLC lifted its position in The Allstate Co. (NYSE:ALL) by 37.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,274 shares of the insurance provider’s stock after buying an additional 348 shares during the quarter. Lindbrook Capital LLC’s holdings in Allstate were worth $178,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Allstate in the third quarter worth about $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Allstate in the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC raised its holdings 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 worth $39,000 after purchasing an additional 168 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Allstate during the fourth quarter valued at approximately $43,000. Finally, First Command Advisory Services Inc. bought a new stake in Allstate during the third quarter worth approximately $48,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company upped their price target on Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a report on Thursday, April 11th. Jefferies Financial Group raised Allstate from a “hold” rating to a “buy” rating and upped their target price for the company from $130.00 to $180.00 in a report on Tuesday, January 9th. HSBC raised 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 research note on Thursday, March 28th. Morgan Stanley raised their target price on shares of Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Allstate from $172.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.71.

Allstate Trading Up 1.4 %

NYSE:ALL opened at $175.41 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market capitalization of $46.15 billion, a P/E ratio of -141.46, a P/E/G ratio of 0.42 and a beta of 0.52. The stock’s 50 day moving average price is $164.17 and its 200 day moving average price is $147.99. The Allstate Co. has a 52 week low of $100.57 and a 52 week high of $176.12.

Allstate (NYSE:ALL) last released 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 business 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%. Allstate’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned ($1.36) EPS. On average, research analysts forecast that The Allstate Co. will post 13.44 EPS 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 dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is -296.77%.

Insider Activity

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the company’s 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 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 can be accessed through the SEC website. In other Allstate 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 transaction of $637,880.00. Following the completion of the sale, the chief accounting officer now directly owns 10,736 shares in the company, valued at $1,712,069.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction dated 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 completion of the transaction, the insider now owns 63,731 shares in the company, 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 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.