Victory Capital Management Inc. Grows Stock Position in The Allstate Co. (NYSE:ALL)

Victory Capital Management Inc. lifted its holdings in shares of The Allstate Co. (NYSE:ALL) by 103.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 166,495 shares of the insurance provider’s stock after acquiring an additional 84,741 shares during the period. Victory Capital Management Inc.’s holdings in Allstate were worth $23,306,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ALL. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Allstate during the 3rd quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in Allstate in the 4th quarter worth $36,000. Venturi Wealth Management LLC raised its stake in Allstate by 152.7% in the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 168 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Allstate during the 4th quarter worth about $43,000. Finally, First Command Advisory Services Inc. purchased a new stake in Allstate during the 3rd quarter valued at about $48,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods lifted their target price on Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Raymond James upped their price objective on shares of Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. The Goldman Sachs Group raised their target price on shares of Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, March 25th. TheStreet raised shares of Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Finally, UBS Group lifted their price objective on Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.18.

Insider Activity at Allstate

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

Allstate Trading Up 1.2 %

Shares of ALL stock opened at $170.28 on Thursday. The Allstate Co. has a 1-year low of $100.57 and a 1-year high of $177.37. The company has a market cap of $44.94 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 0.39 and a beta of 0.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a 50 day simple moving average of $166.44 and a 200-day simple moving average of $151.91.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping the consensus estimate of $4.11 by $1.02. The company had revenue of $15.26 billion during the quarter, compared to analyst estimates of $12.76 billion. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.30) EPS. On average, equities research analysts expect that The Allstate Co. will post 14.57 EPS for the current fiscal year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is 81.24%.

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.