The Allstate Co. (NYSE:ALL) Stake Raised by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in The Allstate Co. (NYSE:ALLFree Report) by 33.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,089 shares of the insurance provider’s stock after acquiring an additional 3,785 shares during the quarter. SG Americas Securities LLC’s holdings in Allstate were worth $2,112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sei Investments Co. increased its position in shares of Allstate by 40.2% during the 1st quarter. Sei Investments Co. now owns 187,869 shares of the insurance provider’s stock valued at $26,022,000 after purchasing an additional 53,824 shares during the period. Prudential PLC acquired a new position in Allstate during the first quarter worth about $1,325,000. Cetera Investment Advisers raised its position in 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 acquiring an additional 2,874 shares in the last quarter. Dakota Wealth Management acquired a new stake in Allstate in the 1st quarter valued at about $270,000. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Allstate by 36.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,237 shares of the insurance provider’s stock valued at $448,000 after purchasing an additional 860 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Insider Activity at Allstate

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. 1.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ALL. JPMorgan Chase & Co. boosted their target price on shares of Allstate from $164.00 to $172.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Keefe, Bruyette & Woods increased their price objective on Allstate from $171.00 to $181.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. HSBC began coverage on Allstate in a report on Thursday, December 28th. They issued a “hold” rating and a $145.00 target price on the stock. BMO Capital Markets boosted their price target on shares of Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a report on Friday, January 19th. Finally, TheStreet raised Allstate from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. 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 assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.75.

Read Our Latest Report on ALL

Allstate Price Performance

Shares of NYSE:ALL opened at $169.78 on Thursday. 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 capitalization of $44.66 billion, a P/E ratio of -136.92, a P/E/G ratio of 0.45 and a beta of 0.51. The business has a 50-day moving average of $159.13 and a two-hundred day moving average of $140.17. The Allstate Co. has a fifty-two week low of $100.57 and a fifty-two week high of $171.61.

Allstate (NYSE:ALLGet Free Report) last posted its 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. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The firm had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. During the same period in the previous year, the company earned ($1.36) EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities research analysts predict that The Allstate Co. will post 13.11 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be issued a dividend of $0.92 per share. This is an increase from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Friday, March 1st. Allstate’s dividend payout ratio is currently -296.77%.

Allstate Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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