2,029 Shares in The Allstate Co. (NYSE:ALL) Purchased by GUNN & Co INVESTMENT MANAGEMENT INC.

GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in The Allstate Co. (NYSE:ALL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,029 shares of the insurance provider’s stock, valued at approximately $284,000.

Other hedge funds have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in Allstate during the 3rd quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Allstate in the fourth quarter worth $36,000. Venturi Wealth Management LLC increased its stake in Allstate by 152.7% during the fourth quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 168 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Allstate during the fourth quarter worth $43,000. Finally, Planned Solutions Inc. acquired a new stake in shares of Allstate during the fourth quarter worth $53,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Price Performance

NYSE ALL opened at $168.18 on Monday. The Allstate Co. has a 12 month low of $100.57 and a 12 month high of $177.37. The firm has a market capitalization of $44.39 billion, a PE ratio of 37.13, a P/E/G ratio of 0.39 and a beta of 0.51. The company’s 50 day simple moving average is $166.06 and its 200 day simple moving average is $151.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.37.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The company had revenue of $15.26 billion for the quarter, compared to analysts’ expectations of $12.76 billion. During the same period last year, the firm earned ($1.30) EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities research analysts forecast that The Allstate Co. will post 14.57 EPS for the current fiscal year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given 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 dividend yield of 2.19%. Allstate’s dividend payout ratio (DPR) is 81.24%.

Insider Transactions at Allstate

In related news, CAO John C. Pintozzi sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available at this link. In other news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the transaction, the chief accounting officer now directly owns 10,736 shares in the company, valued at $1,712,069.92. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Allstate from $181.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Morgan Stanley raised their price target on Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. HSBC upgraded Allstate from a “hold” rating to a “buy” rating and boosted their price objective for the company from $158.00 to $190.00 in a research report on Thursday, March 28th. Raymond James raised their target price on Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Finally, Jefferies Financial Group raised shares of Allstate from a “hold” rating to a “buy” rating and boosted their price target for the company from $130.00 to $180.00 in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and an average price target of $174.18.

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.