The Allstate Co. (NYSE:ALL) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC grew its stake in shares of The Allstate Co. (NYSE:ALL) by 64.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,459 shares of the insurance provider’s stock after purchasing an additional 7,626 shares during the period. Cerity Partners LLC’s holdings in Allstate were worth $2,726,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ALL. Sei Investments Co. grew its position in Allstate by 40.2% during the 1st quarter. Sei Investments Co. now owns 187,869 shares of the insurance provider’s stock worth $26,022,000 after purchasing an additional 53,824 shares in the last quarter. Prudential PLC purchased a new position in shares of Allstate during the first quarter valued at $1,325,000. Cetera Investment Advisers raised its position in Allstate by 13.9% during the first quarter. Cetera Investment Advisers now owns 23,536 shares of the insurance provider’s stock valued at $3,260,000 after buying an additional 2,874 shares during the period. Dakota Wealth Management purchased a new stake in Allstate in the 1st quarter worth about $270,000. Finally, Sequoia Financial Advisors LLC boosted its position in Allstate by 36.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,237 shares of the insurance provider’s stock worth $448,000 after acquiring an additional 860 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Roth Mkm upped their target price on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 8th. BMO Capital Markets increased their target price on shares of Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a research report on Friday, January 19th. Evercore ISI boosted their price target on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. UBS Group increased their price objective on Allstate from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, TD Cowen started coverage on Allstate in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $193.00 target price on the stock. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $173.71.

Insiders Place Their Bets

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 value of $637,880.00. Following the completion of the sale, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Allstate news, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 10,736 shares in the company, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Allstate Price Performance

Shares of Allstate stock opened at $169.12 on Friday. The Allstate Co. has a 1-year low of $100.57 and a 1-year high of $174.57. The firm has a fifty day simple moving average of $163.59 and a 200-day simple moving average of $146.60. 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 stock has a market capitalization of $44.49 billion, a price-to-earnings ratio of -136.39, a PEG ratio of 0.40 and a beta of 0.52.

Allstate (NYSE:ALL) last released its earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $1.95. The firm had revenue of $14.83 billion during 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 business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.36) EPS. On average, sell-side analysts expect that The Allstate Co. will post 13.5 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.92 dividend. The ex-dividend date was Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a yield of 2.18%. This is a positive change from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio (DPR) is -296.77%.

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.