Everett Harris & Co. CA Makes New Investment in The Allstate Co. (NYSE:ALL)

Everett Harris & Co. CA bought a new position in shares of The Allstate Co. (NYSE:ALL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,555 shares of the insurance provider’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALL. Sei Investments Co. grew its stake in shares of Allstate by 40.2% in the first quarter. Sei Investments Co. now owns 187,869 shares of the insurance provider’s stock worth $26,022,000 after purchasing an additional 53,824 shares during the last quarter. Prudential PLC bought a new stake in shares of Allstate in the first quarter worth $1,325,000. Cetera Investment Advisers grew its stake in shares of Allstate by 13.9% in the first quarter. Cetera Investment Advisers now owns 23,536 shares of the insurance provider’s stock worth $3,260,000 after purchasing an additional 2,874 shares during the last quarter. Dakota Wealth Management bought a new stake in shares of Allstate in the first quarter worth $270,000. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Allstate by 36.2% in the first quarter. Sequoia Financial Advisors LLC now owns 3,237 shares of the insurance provider’s stock worth $448,000 after purchasing an additional 860 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Insiders Place Their Bets

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 value 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 approximately $1,712,069.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other 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 transaction, the insider now directly owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, 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. 1.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ALL shares. Keefe, Bruyette & Woods boosted their price objective on shares of Allstate from $171.00 to $181.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. HSBC raised shares of Allstate from a “hold” rating to a “buy” rating and upped their price target for the company from $158.00 to $190.00 in a research report on Thursday. UBS Group upped their price target on shares of Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Raymond James upped their price target on shares of Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Finally, BMO Capital Markets upped their price target on shares of Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $165.56.

Allstate Stock Up 1.9 %

Shares of ALL traded up $3.18 on Thursday, reaching $173.02. The company’s stock had a trading volume of 1,735,418 shares, compared to its average volume of 1,772,416. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. The Allstate Co. has a twelve month low of $100.57 and a twelve month high of $173.47. The stock has a market capitalization of $45.52 billion, a PE ratio of -139.53, a PEG ratio of 0.45 and a beta of 0.51. The firm has a fifty day moving average of $159.48 and a 200-day moving average of $140.38.

Allstate (NYSE:ALL) last posted its 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. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The company had revenue of $14.83 billion for the quarter, compared to analyst estimates of $12.69 billion. During the same quarter in the prior year, the business posted ($1.36) EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. Equities analysts predict that The Allstate Co. will post 13.11 EPS for the current year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, March 1st. This is a positive change from Allstate’s previous quarterly dividend of $0.89. 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.