Donaldson Capital Management LLC Sells 3,934 Shares of The Allstate Corporation $ALL

Donaldson Capital Management LLC lessened its position in The Allstate Corporation (NYSE:ALL) by 9.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 36,266 shares of the insurance provider’s stock after selling 3,934 shares during the period. Donaldson Capital Management LLC’s holdings in Allstate were worth $7,549,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Allstate by 79.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Barnes Dennig Private Wealth Management LLC increased its stake in Allstate by 112.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 73 shares in the last quarter. Palisade Asset Management LLC bought a new stake in Allstate during the 3rd quarter valued at $31,000. Armstrong Advisory Group Inc. raised its holdings in Allstate by 72.0% during the third quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock worth $34,000 after buying an additional 67 shares during the last quarter. Finally, South Plains Financial Inc. lifted its stake in shares of Allstate by 41.5% in the third quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock valued at $36,000 after buying an additional 49 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $231.00 price objective on shares of Allstate in a report on Thursday, March 5th. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, February 10th. Citigroup raised their price target on shares of Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Raymond James Financial reiterated a “strong-buy” rating and set a $260.00 price target on shares of Allstate in a research note on Tuesday, March 3rd. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $215.00 price objective (down from $245.00) on shares of Allstate in a research note on Tuesday, December 16th. Four investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $237.94.

Insiders Place Their Bets

In other Allstate news, insider Suren Gupta sold 19,593 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the completion of the transaction, the insider owned 100,646 shares in the company, valued at $21,135,660. This trade represents a 16.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by corporate insiders.

Allstate Price Performance

Shares of NYSE ALL opened at $202.71 on Monday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $205.03 and a two-hundred day simple moving average of $204.92. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $216.75. The firm has a market cap of $52.61 billion, a price-to-earnings ratio of 5.31, a price-to-earnings-growth ratio of 0.41 and a beta of 0.23.

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

Allstate Increases Dividend

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

About Allstate

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.