Leeward Investments LLC MA Sells 3,991 Shares of The Allstate Co. (NYSE:ALL)

Leeward Investments LLC MA cut its holdings in The Allstate Co. (NYSE:ALL) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 147,951 shares of the insurance provider’s stock after selling 3,991 shares during the period. Allstate accounts for 1.0% of Leeward Investments LLC MA’s investment portfolio, making the stock its 24th biggest position. Leeward Investments LLC MA’s holdings in Allstate were worth $20,710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in Allstate in the 3rd quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Allstate in the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC boosted its holdings in Allstate by 152.7% in the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 168 shares during the period. Bruce G. Allen Investments LLC bought a new position in Allstate in the 4th quarter valued at $43,000. Finally, First Command Advisory Services Inc. bought a new position in Allstate in the 3rd quarter valued at $48,000. 76.47% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO John C. Pintozzi sold 4,000 shares of Allstate 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 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 the SEC website. In other news, CAO John C. Pintozzi sold 4,000 shares of Allstate 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 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 the SEC website. Also, insider John E. Dugenske sold 31,000 shares of Allstate 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 sale, the insider now directly owns 63,731 shares in the company, valued at approximately $10,847,016.20. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Allstate Trading Down 1.4 %

ALL stock opened at $170.00 on Friday. The firm’s 50-day moving average price is $165.09 and its two-hundred day moving average price is $149.14. The Allstate Co. has a 12-month low of $100.57 and a 12-month high of $176.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 0.37.

Allstate (NYSE:ALL) last released its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $1.95. The firm had revenue of $14.83 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.36) earnings per share. As a group, analysts expect that The Allstate Co. will post 13.44 EPS for the current year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a dividend of $0.92 per share. This is a positive change from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.16%. Allstate’s payout ratio is presently -296.77%.

Analysts Set New Price Targets

Several analysts have recently weighed in on ALL shares. Evercore ISI raised 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. Wells Fargo & Company raised their price objective on shares of Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods raised their price objective on shares of Allstate from $181.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Raymond James raised their price objective on shares of Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Finally, TD Cowen initiated coverage on shares of Allstate in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $193.00 target price on the stock. One 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 company’s stock. According to data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and a consensus price target of $173.71.

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.