The Allstate Co. (NYSE:ALL) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its holdings in shares of The Allstate Co. (NYSE:ALLFree Report) by 11.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,394 shares of the insurance provider’s stock after acquiring an additional 1,151 shares during the period. Oppenheimer & Co. Inc.’s holdings in Allstate were worth $1,595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ALL. Janney Montgomery Scott LLC raised its position in shares of Allstate by 1.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,344 shares of the insurance provider’s stock worth $5,275,000 after acquiring an additional 540 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Allstate by 17.8% during the 3rd quarter. D.A. Davidson & CO. now owns 14,375 shares of the insurance provider’s stock worth $1,602,000 after acquiring an additional 2,172 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Allstate by 37.2% during the 3rd quarter. HighTower Advisors LLC now owns 136,045 shares of the insurance provider’s stock worth $15,131,000 after acquiring an additional 36,864 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Allstate during the third quarter worth approximately $25,000. Finally, Aptus Capital Advisors LLC increased its position in Allstate by 155.1% during the third quarter. Aptus Capital Advisors LLC now owns 4,819 shares of the insurance provider’s stock worth $537,000 after buying an additional 2,930 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insiders Place Their Bets

In other news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction on 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 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 filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ALL has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on Allstate from $185.00 to $193.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 3rd. Evercore ISI lifted their price target on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Piper Sandler lifted their price target on Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, Morgan Stanley lifted their price target on Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Allstate has a consensus rating of “Moderate Buy” and a consensus target price of $174.59.

View Our Latest Stock Report on ALL

Allstate Stock Performance

NYSE:ALL opened at $165.06 on Monday. The firm’s fifty day simple moving average is $168.52 and its 200-day simple moving average is $157.90. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.48. The stock has a market cap of $43.56 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 1.56 and a beta of 0.50. The Allstate Co. has a fifty-two week low of $100.57 and a fifty-two week high of $177.37.

Allstate (NYSE:ALLGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The firm had revenue of $15.26 billion for the quarter, compared to the consensus estimate of $12.76 billion. During the same quarter in the previous year, the firm earned ($1.30) earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. Analysts expect that The Allstate Co. will post 15.13 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, May 31st will be issued a dividend of $0.92 per share. The ex-dividend date is Friday, May 31st. This represents a $3.68 annualized dividend and a yield of 2.23%. Allstate’s dividend payout ratio is presently 81.24%.

Allstate Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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