The Allstate Co. (NYSE:ALL) Holdings Raised by GDS Wealth Management

GDS Wealth Management boosted its stake in The Allstate Co. (NYSE:ALL) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,107 shares of the insurance provider’s stock after buying an additional 7,715 shares during the quarter. GDS Wealth Management’s holdings in Allstate were worth $9,534,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Allstate in the 3rd quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Allstate in the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC lifted its position in 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 buying an additional 168 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in Allstate in the 4th quarter worth approximately $43,000. Finally, First Command Advisory Services Inc. purchased a new stake in Allstate in the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ALL. Roth Mkm increased their price target on shares of Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Piper Sandler increased their price target on shares of Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. TD Cowen began coverage on shares of Allstate in a research note on Wednesday, January 10th. They set an “outperform” rating and a $193.00 price target on the stock. Morgan Stanley increased their price target on shares of Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, Raymond James increased their price target on shares of Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.18.

Allstate Stock Performance

ALL traded up $1.18 during trading hours on Thursday, reaching $171.46. The company’s stock had a trading volume of 986,246 shares, compared to its average volume of 1,669,328. The firm has a market cap of $45.25 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 0.39 and a beta of 0.51. The company’s 50-day moving average is $166.64 and its 200-day moving average is $152.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Co. has a 52 week low of $100.57 and a 52 week high of $177.37.

Allstate (NYSE:ALL) last released its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, beating analysts’ consensus estimates of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The business had revenue of $15.26 billion during the quarter, compared to the consensus estimate of $12.76 billion. During the same quarter in the prior year, the firm posted ($1.30) EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities analysts forecast that The Allstate Co. will post 14.57 EPS for the current year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, March 1st. This is a boost from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio (DPR) is 81.24%.

Insider Transactions at Allstate

In other news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 $1,712,069.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction that occurred on 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 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. 1.80% of the stock is 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.