Vaughan David Investments LLC IL Increases Holdings in The Allstate Co. (NYSE:ALL)

Vaughan David Investments LLC IL lifted its position in The Allstate Co. (NYSE:ALLFree Report) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 276,774 shares of the insurance provider’s stock after purchasing an additional 509 shares during the period. Vaughan David Investments LLC IL owned 0.11% of Allstate worth $38,743,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ALL. Vanguard Group Inc. lifted its holdings in Allstate by 11.5% during the third quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock worth $3,595,266,000 after buying an additional 3,322,673 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Allstate by 9.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,039,351 shares of the insurance provider’s stock worth $669,221,000 after buying an additional 499,056 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Allstate by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,926,917 shares of the insurance provider’s stock worth $660,318,000 after buying an additional 172,250 shares during the period. Geode Capital Management LLC lifted its holdings in Allstate by 1.1% during the first quarter. Geode Capital Management LLC now owns 5,815,257 shares of the insurance provider’s stock worth $643,015,000 after buying an additional 63,438 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Allstate by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 4,239,513 shares of the insurance provider’s stock worth $472,324,000 after buying an additional 53,821 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price target on Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. TD Cowen initiated coverage on Allstate in a research report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 price target on the stock. Piper Sandler upped their price target on Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Raymond James upped their price target on Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. Finally, Morgan Stanley raised Allstate from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $117.00 to $171.00 in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $172.59.

View Our Latest Research Report on Allstate

Insider Transactions at Allstate

In other news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction dated 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 sale, 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 filing with the SEC, which is available at this hyperlink. In other news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction dated 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 sale, 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 filing with the SEC, which is available at this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was 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 in the company, valued at $1,712,069.92. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Allstate Stock Up 0.7 %

ALL traded up $1.20 during midday trading on Friday, hitting $166.81. 1,706,401 shares of the company were exchanged, compared to its average volume of 1,699,759. The company’s 50 day simple moving average is $162.85 and its 200 day simple moving average is $144.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.37 and a quick ratio of 0.37. The Allstate Co. has a 1-year low of $100.57 and a 1-year high of $174.57.

Allstate (NYSE:ALLGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, topping the consensus estimate of $3.87 by $1.95. The company had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned ($1.36) EPS. Equities research analysts expect that The Allstate Co. will post 13.41 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently announced 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 is a positive change from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, March 1st. Allstate’s dividend payout ratio is presently -296.77%.

About Allstate

(Free Report)

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.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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