The Allstate Co. (NYSE:ALL) Position Boosted by Nikulski Financial Inc.

Nikulski Financial Inc. increased its holdings in The Allstate Co. (NYSE:ALL) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,561 shares of the insurance provider’s stock after buying an additional 400 shares during the quarter. Nikulski Financial Inc.’s holdings in Allstate were worth $2,598,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gradient Investments LLC raised its stake in shares of Allstate by 1.6% in the fourth quarter. Gradient Investments LLC now owns 4,130 shares of the insurance provider’s stock valued at $578,000 after acquiring an additional 66 shares during the last quarter. SVB Wealth LLC raised its stake in shares of Allstate by 1.2% in the fourth quarter. SVB Wealth LLC now owns 6,169 shares of the insurance provider’s stock valued at $864,000 after acquiring an additional 72 shares during the last quarter. Apollon Wealth Management LLC raised its stake in shares of Allstate by 2.5% in the fourth quarter. Apollon Wealth Management LLC now owns 3,214 shares of the insurance provider’s stock valued at $436,000 after acquiring an additional 78 shares during the last quarter. AdvisorNet Financial Inc raised its stake in shares of Allstate by 1.5% in the fourth quarter. AdvisorNet Financial Inc now owns 5,384 shares of the insurance provider’s stock valued at $754,000 after acquiring an additional 82 shares during the last quarter. Finally, Carmel Capital Partners LLC raised its stake in shares of Allstate by 19.2% in the third quarter. Carmel Capital Partners LLC now owns 516 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 83 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ALL shares. Jefferies Financial Group upgraded shares of Allstate from a “hold” rating to a “buy” rating and lifted their target price for the company from $130.00 to $180.00 in a research note on Tuesday, January 9th. BMO Capital Markets raised their price target on shares of Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a report on Friday, January 19th. Wells Fargo & Company raised their price target on shares of Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a report on Thursday, April 11th. UBS Group raised their price target on shares of Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a report on Monday, February 12th. Finally, Roth Mkm lifted their target price on shares of Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $173.71.

Insiders Place Their Bets

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the sale, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider John E. Dugenske sold 31,000 shares of the business’s 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 transaction, the insider now directly owns 63,731 shares in the company, valued at approximately $10,847,016.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at $1,712,069.92. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Allstate Stock Up 2.3 %

ALL traded up $3.85 during trading on Friday, hitting $172.96. The company had a trading volume of 2,368,220 shares, compared to its average volume of 1,362,966. The Allstate Co. has a one year low of $100.57 and a one year high of $174.57. The firm’s 50-day moving average price is $163.84 and its 200 day moving average price is $147.29. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 EPS 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 business had revenue of $14.83 billion for the quarter, compared to analysts’ expectations of $12.69 billion. During the same period in the previous year, the firm posted ($1.36) EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts predict that The Allstate Co. will post 13.44 EPS for the current fiscal year.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a yield of 2.13%. Allstate’s payout ratio 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.