Sentry Investment Management LLC Sells 147 Shares of The Allstate Co. (NYSE:ALL)

Sentry Investment Management LLC reduced its stake in shares of The Allstate Co. (NYSE:ALL) by 9.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,371 shares of the insurance provider’s stock after selling 147 shares during the quarter. Sentry Investment Management LLC’s holdings in Allstate were worth $192,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. boosted its holdings in Allstate by 40.2% in the first quarter. Sei Investments Co. now owns 187,869 shares of the insurance provider’s stock valued at $26,022,000 after acquiring an additional 53,824 shares in the last quarter. Prudential PLC purchased a new position in Allstate during the first quarter valued at $1,325,000. Cetera Investment Advisers boosted its holdings in Allstate by 13.9% in the first quarter. Cetera Investment Advisers now owns 23,536 shares of the insurance provider’s stock worth $3,260,000 after acquiring an additional 2,874 shares in the last quarter. Dakota Wealth Management purchased a new stake in shares of Allstate in the first quarter worth $270,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Allstate by 36.2% during the first quarter. Sequoia Financial Advisors LLC now owns 3,237 shares of the insurance provider’s stock valued at $448,000 after acquiring an additional 860 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ALL has been the subject of a number of research analyst reports. TheStreet raised Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. HSBC raised Allstate from a “hold” rating to a “buy” rating and boosted their target price for the stock from $158.00 to $190.00 in a research report on Thursday, March 28th. The Goldman Sachs Group raised their price target on shares of Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a report on Monday, March 25th. Evercore ISI increased their price objective on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Finally, Piper Sandler raised their target price on shares of Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.71.

Insider Activity

In related news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Allstate news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the completion of the sale, the insider now directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $637,880.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,736 shares in the company, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Allstate Price Performance

Shares of ALL stock opened at $164.13 on Wednesday. The stock has a 50 day moving average price of $163.35 and a 200 day moving average price of $146.33. The firm has a market capitalization of $43.18 billion, a P/E ratio of -132.36, a P/E/G ratio of 0.41 and a beta of 0.52. 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 Allstate Co. has a 52-week low of $100.57 and a 52-week high of $174.57.

Allstate (NYSE:ALL) last posted its quarterly earnings results 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. The firm had revenue of $14.83 billion during the quarter, compared to the consensus estimate of $12.69 billion. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.36) earnings per share. As a group, sell-side analysts predict that The Allstate Co. will post 13.41 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a $0.92 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 annualized dividend and a dividend yield of 2.24%. This is a positive change from Allstate’s previous quarterly dividend of $0.89. Allstate’s payout ratio is currently -296.77%.

Allstate 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.