Dana Investment Advisors Inc. Has $20.57 Million Stake in The Allstate Corporation $ALL

Dana Investment Advisors Inc. boosted its holdings in The Allstate Corporation (NYSE:ALL) by 976.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,836 shares of the insurance provider’s stock after purchasing an additional 86,934 shares during the period. Dana Investment Advisors Inc.’s holdings in Allstate were worth $20,571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in shares of Allstate by 60.2% in the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after acquiring an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Allstate in the fourth quarter valued at approximately $231,000. Caitong International Asset Management Co. Ltd increased its position in shares of Allstate by 315.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 126 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its position in shares of Allstate by 28.5% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 5,251 shares of the insurance provider’s stock worth $1,055,000 after purchasing an additional 1,165 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its stake in shares of Allstate by 10.6% during the 2nd quarter. Resonant Capital Advisors LLC now owns 2,146 shares of the insurance provider’s stock worth $434,000 after purchasing an additional 205 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Suren Gupta sold 19,593 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total value of $4,114,530.00. Following the transaction, the insider directly owned 100,646 shares in the company, valued at approximately $21,135,660. This represents a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 24,129 shares of company stock valued at $5,090,270 over the last three months. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ALL. Roth Mkm raised their target price on shares of Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lifted their price objective on shares of Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. The Goldman Sachs Group restated a “buy” rating and set a $238.00 price objective on shares of Allstate in a research note on Saturday, February 7th. William Blair downgraded shares of Allstate from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Finally, Keefe, Bruyette & Woods boosted their price target on Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $239.29.

Allstate Trading Down 0.1%

Shares of ALL stock opened at $206.25 on Tuesday. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $216.75. The company has a market capitalization of $53.97 billion, a PE ratio of 5.40, a price-to-earnings-growth ratio of 0.43 and a beta of 0.23. The firm has a 50 day moving average price of $203.88 and a two-hundred day moving average price of $204.38. The company has a quick ratio of 0.43, a current ratio of 0.37 and a debt-to-equity ratio of 0.26.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. The company had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.67 earnings per share. As a group, analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be issued a dividend of $1.08 per share. This is an increase from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, March 2nd. Allstate’s payout ratio is 11.31%.

Allstate Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.