Nilsine Partners LLC Has $286,000 Stock Position in The Allstate Co. (NYSE:ALL)

Nilsine Partners LLC lowered its holdings in shares of The Allstate Co. (NYSE:ALL) by 5.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,655 shares of the insurance provider’s stock after selling 102 shares during the period. Nilsine Partners LLC’s holdings in Allstate were worth $286,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Allstate by 11.5% in the third quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock valued at $3,595,266,000 after acquiring an additional 3,322,673 shares during the period. Norges Bank purchased a new position in shares of Allstate during the fourth quarter valued at approximately $212,771,000. Invesco Ltd. boosted its position in shares of Allstate by 46.6% during the third quarter. Invesco Ltd. now owns 4,121,941 shares of the insurance provider’s stock valued at $459,225,000 after buying an additional 1,311,095 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Allstate by 23.0% during the third quarter. Diamond Hill Capital Management Inc. now owns 4,184,211 shares of the insurance provider’s stock valued at $466,163,000 after buying an additional 782,696 shares during the last quarter. Finally, Palestra Capital Management LLC purchased a new position in shares of Allstate during the fourth quarter valued at approximately $83,561,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ALL shares. Piper Sandler lifted their target price on Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. HSBC upgraded 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 Allstate from $172.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. The Goldman Sachs Group lifted their price target on Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Finally, Evercore ISI lifted their price target on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.71.

Insider Activity at Allstate

In other Allstate news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO John C. Pintozzi sold 4,000 shares of the firm’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 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 owned by insiders.

Allstate Trading Up 0.3 %

Shares of ALL traded up $0.46 during mid-day trading on Tuesday, reaching $170.04. 1,124,609 shares of the company’s stock traded hands, compared to its average volume of 1,668,521. 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 stock has a market cap of $44.73 billion, a P/E ratio of -137.13, a P/E/G ratio of 0.42 and a beta of 0.52. The stock’s 50-day moving average is $165.45 and its two-hundred day moving average is $150.37. The Allstate Co. has a 12 month low of $100.57 and a 12 month high of $176.93.

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 positive return on equity of 2.67% and a negative net margin of 0.33%. The company had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. During the same quarter in the prior year, the business earned ($1.36) earnings per share. Allstate’s revenue was up 8.7% on a year-over-year basis. Research analysts forecast that The Allstate Co. will post 13.44 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. Investors of record on Monday, March 4th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.16%. This is an increase from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. Allstate’s dividend payout ratio is presently -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.