The Allstate Co. (NYSE:ALL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in The Allstate Co. (NYSE:ALL) by 4.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 35,033 shares of the insurance provider’s stock after selling 1,586 shares during the period. Mutual of America Capital Management LLC’s holdings in Allstate were worth $4,904,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Allstate in the 3rd quarter valued at about $25,000. First Capital Advisors Group LLC. acquired a new position in shares of Allstate in the 2nd quarter valued at about $29,000. Cowa LLC acquired a new position in shares of Allstate in the 1st quarter valued at about $30,000. RVW Wealth LLC acquired a new position in shares of Allstate in the 3rd quarter valued at about $33,000. Finally, Chilton Capital Management LLC acquired a new position in shares of Allstate in the 1st quarter valued at about $33,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction 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 approximately $1,712,069.92. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction 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 approximately $1,712,069.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 value of $5,276,200.00. Following the transaction, the insider now owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ALL. BMO Capital Markets boosted their price target on Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a research report on Friday, January 19th. UBS Group boosted their price target on Allstate from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Jefferies Financial Group raised Allstate from a “hold” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $180.00 in a research report on Tuesday, January 9th. HSBC raised Allstate from a “hold” rating to a “buy” rating and boosted their price target for the stock from $158.00 to $190.00 in a research report on Thursday, March 28th. Finally, Morgan Stanley raised Allstate from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $117.00 to $171.00 in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $172.59.

Allstate Price Performance

Shares of NYSE ALL opened at $166.81 on Monday. The Allstate Co. has a twelve month low of $100.57 and a twelve month high of $174.57. 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 company has a market capitalization of $43.88 billion, a price-to-earnings ratio of -134.52, a price-to-earnings-growth ratio of 0.41 and a beta of 0.52. The business has a 50 day simple moving average of $163.04 and a 200-day simple moving average of $145.58.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, beating 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 business had revenue of $14.83 billion during the quarter, compared to the consensus estimate of $12.69 billion. During the same period in the previous year, the business earned ($1.36) EPS. The business’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts expect that The Allstate Co. will post 13.41 earnings per share for the current year.

Allstate Increases Dividend

The business 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 an increase from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Friday, March 1st. Allstate’s dividend payout ratio is presently -296.77%.

About Allstate

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.