Well Done LLC Invests $232,000 in The Allstate Co. (NYSE:ALL)

Well Done LLC acquired a new position in shares of The Allstate Co. (NYSE:ALL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,659 shares of the insurance provider’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Allstate by 11.5% during the 3rd quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock worth $3,595,266,000 after buying an additional 3,322,673 shares during the period. BlackRock Inc. raised its position in shares of Allstate by 0.8% during the second quarter. BlackRock Inc. now owns 22,294,372 shares of the insurance provider’s stock worth $2,430,978,000 after purchasing an additional 181,050 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Allstate by 9.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,039,351 shares of the insurance provider’s stock valued at $669,221,000 after purchasing an additional 499,056 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Allstate by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,926,917 shares of the insurance provider’s stock valued at $660,318,000 after purchasing an additional 172,250 shares during the period. Finally, Geode Capital Management LLC increased its stake in Allstate by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 5,815,257 shares of the insurance provider’s stock worth $643,015,000 after purchasing an additional 63,438 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Insider Activity at Allstate

In other news, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the sale, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. TheStreet raised shares of Allstate from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. The Goldman Sachs Group lifted their price target on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research note on Monday. HSBC raised Allstate from a “hold” rating to a “buy” rating and upped their price objective for the stock from $158.00 to $190.00 in a research report on Thursday. TD Cowen started coverage on Allstate in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $193.00 target price on the stock. Finally, Raymond James raised their price target on shares of Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.56.

Allstate Trading Up 1.8 %

NYSE ALL traded up $3.13 on Thursday, hitting $172.97. 769,755 shares of the stock were exchanged, compared to its average volume of 1,755,589. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 0.37. The business’s fifty day moving average is $159.13 and its 200 day moving average is $140.17. The Allstate Co. has a 52 week low of $100.57 and a 52 week high of $173.47.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, beating the consensus estimate of $3.87 by $1.95. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The company had revenue of $14.83 billion for the quarter, compared to analyst estimates of $12.69 billion. During the same period in the prior year, the firm earned ($1.36) earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. On average, analysts anticipate that The Allstate Co. will post 13.11 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, March 1st. This is a positive change from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio (DPR) is -296.77%.

About Allstate

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.