The Allstate Co. (NYSE:ALL) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its holdings in The Allstate Co. (NYSE:ALL) by 61.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,393 shares of the insurance provider’s stock after buying an additional 3,592 shares during the period. Sequoia Financial Advisors LLC’s holdings in Allstate were worth $1,315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Allstate in the third quarter worth approximately $25,000. First Capital Advisors Group LLC. purchased a new stake in shares of Allstate during the 2nd quarter valued at $29,000. Cowa LLC acquired a new stake in shares of Allstate during the 1st quarter worth $30,000. RVW Wealth LLC purchased a new position in shares of Allstate in the 3rd quarter worth $33,000. Finally, Chilton Capital Management LLC acquired a new position in Allstate in the first quarter valued at $33,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of ALL opened at $166.81 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. The firm has a market cap of $43.88 billion, a price-to-earnings ratio of -134.52, a PEG ratio of 0.41 and a beta of 0.52. The Allstate Co. has a 52 week low of $100.57 and a 52 week high of $174.57. The stock has a 50 day moving average of $163.04 and a 200-day moving average of $145.35.

Allstate (NYSE:ALL) last released its earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, beating the consensus estimate of $3.87 by $1.95. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The firm had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. During the same quarter in the previous year, the firm earned ($1.36) earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, analysts forecast that The Allstate Co. will post 13.41 EPS for the current year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors 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. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 annualized dividend and a yield of 2.21%. Allstate’s dividend payout ratio is -296.77%.

Wall Street Analyst Weigh In

ALL has been the topic of several research analyst reports. Jefferies Financial Group raised Allstate from a “hold” rating to a “buy” rating and lifted their price objective for the company from $130.00 to $180.00 in a research note on Tuesday, January 9th. TheStreet raised shares of Allstate from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. UBS Group increased their price target on Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a report on Monday, February 12th. HSBC raised Allstate from a “hold” rating to a “buy” rating and upped their target price for the stock from $158.00 to $190.00 in a research report on Thursday, March 28th. Finally, TD Cowen assumed coverage on shares of Allstate in a research report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $172.59.

Insider Buying and Selling 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 transaction of $637,880.00. Following the sale, the chief accounting officer now directly owns 10,736 shares in the company, valued at approximately $1,712,069.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider John E. Dugenske sold 31,000 shares of Allstate 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 sale, the insider now directly owns 63,731 shares in the company, valued at approximately $10,847,016.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the company’s 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 completion of the transaction, the chief accounting officer now 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 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.