The Allstate Co. (NYSE:ALL) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC reduced its position in shares of The Allstate Co. (NYSE:ALLFree Report) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,277 shares of the insurance provider’s stock after selling 310 shares during the period. Global Retirement Partners LLC’s holdings in Allstate were worth $345,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ALL. Apollon Wealth Management LLC increased its holdings in shares of Allstate by 2.5% in the fourth quarter. Apollon Wealth Management LLC now owns 3,214 shares of the insurance provider’s stock worth $436,000 after acquiring an additional 78 shares in the last quarter. Carmel Capital Partners LLC increased its holdings in shares of Allstate by 19.2% in the third quarter. Carmel Capital Partners LLC now owns 516 shares of the insurance provider’s stock worth $57,000 after acquiring an additional 83 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of Allstate by 0.8% in the third quarter. Ballentine Partners LLC now owns 11,320 shares of the insurance provider’s stock worth $1,261,000 after acquiring an additional 89 shares in the last quarter. Ausdal Financial Partners Inc. grew its holdings in shares of Allstate by 3.8% during the fourth quarter. Ausdal Financial Partners Inc. now owns 2,405 shares of the insurance provider’s stock worth $337,000 after buying an additional 89 shares in the last quarter. Finally, Busey Trust CO grew its holdings in shares of Allstate by 3.5% during the third quarter. Busey Trust CO now owns 2,633 shares of the insurance provider’s stock worth $293,000 after buying an additional 90 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Allstate

In other news, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now directly owns 63,731 shares in the company, valued at approximately $10,847,016.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now directly owns 63,731 shares in the company, valued at approximately $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 business’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Allstate Stock Performance

ALL opened at $172.54 on Wednesday. The Allstate Co. has a 12-month low of $100.57 and a 12-month high of $173.77. The stock has a market cap of $45.39 billion, a price-to-earnings ratio of -139.15, a PEG ratio of 0.45 and a beta of 0.52. The business has a 50 day moving average of $160.59 and a 200-day moving average of $141.95. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.51.

Allstate (NYSE:ALLGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $1.95. The business had revenue of $14.83 billion during 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 quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted ($1.36) EPS. On average, equities research analysts expect that The Allstate Co. will post 13.25 earnings per share for the current year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a $0.92 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a yield of 2.13%. Allstate’s payout ratio is -296.77%.

Wall Street Analyst Weigh In

ALL has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their price objective on Allstate from $171.00 to $181.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. TheStreet upgraded Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. The Goldman Sachs Group raised their price target on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Jefferies Financial Group upgraded Allstate from a “hold” rating to a “buy” rating and raised their price target for the company from $130.00 to $180.00 in a research note on Tuesday, January 9th. Finally, JPMorgan Chase & Co. raised their price target on Allstate from $164.00 to $172.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and a consensus target price of $168.69.

Read Our Latest Stock Analysis on ALL

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.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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