Louisiana State Employees Retirement System Takes $2.21 Million Position in The Allstate Co. (NYSE:ALL)

Louisiana State Employees Retirement System acquired a new stake in shares of The Allstate Co. (NYSE:ALL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,800 shares of the insurance provider’s stock, valued at approximately $2,212,000.

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

Insider Transactions at Allstate

In other news, CAO John C. Pintozzi sold 4,000 shares of Allstate 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO John C. Pintozzi sold 4,000 shares of Allstate 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction dated 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 sale, 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. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

ALL has been the topic of several recent analyst reports. Jefferies Financial Group upgraded Allstate from a “hold” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $180.00 in a research report on Tuesday, January 9th. Piper Sandler boosted their target price on Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. TD Cowen initiated coverage on Allstate in a research report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 target price on the stock. UBS Group boosted their target price on Allstate from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Finally, Morgan Stanley upped their price target on Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.71.

Allstate Stock Down 0.8 %

ALL opened at $162.92 on Thursday. The firm has a market cap of $42.86 billion, a P/E ratio of -131.39, a PEG ratio of 0.41 and a beta of 0.52. The business’s fifty day simple moving average is $163.44 and its 200 day simple moving average is $146.44. The Allstate Co. has a 52 week low of $100.57 and a 52 week high of $174.57. 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:ALL) last released its earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $1.95. The company had revenue of $14.83 billion for the quarter, compared to analyst estimates of $12.69 billion. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.36) EPS. As a group, equities research analysts anticipate that The Allstate Co. will post 13.41 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a dividend of $0.92 per share. 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 dividend on an annualized basis and a dividend yield of 2.26%. Allstate’s payout ratio is -296.77%.

Allstate Company 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.