Syon Capital LLC Increases Position in The Allstate Co. (NYSE:ALL)

Syon Capital LLC increased its stake in shares of The Allstate Co. (NYSE:ALL) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,033 shares of the insurance provider’s stock after buying an additional 105 shares during the quarter. Syon Capital LLC’s holdings in Allstate were worth $285,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ALL. Vanguard Group Inc. grew its stake in shares of Allstate by 11.5% in the 3rd quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock valued at $3,595,266,000 after purchasing an additional 3,322,673 shares during the last quarter. Invesco Ltd. grew its position in Allstate by 46.6% in the 3rd quarter. Invesco Ltd. now owns 4,121,941 shares of the insurance provider’s stock valued at $459,225,000 after buying an additional 1,311,095 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Allstate by 23.0% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 4,184,211 shares of the insurance provider’s stock valued at $466,163,000 after buying an additional 782,696 shares during the period. Nordea Investment Management AB lifted its stake in shares of Allstate by 49.5% in the 3rd quarter. Nordea Investment Management AB now owns 1,640,174 shares of the insurance provider’s stock worth $183,388,000 after acquiring an additional 542,842 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Allstate by 16.9% in the third quarter. Morgan Stanley now owns 3,701,607 shares of the insurance provider’s stock valued at $412,396,000 after acquiring an additional 536,137 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Transactions at Allstate

In related news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the transaction, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the sale, the insider now owns 63,731 shares in the company, valued at approximately $10,847,016.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the 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 directly owns 10,736 shares in the company, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Allstate from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Jefferies Financial Group raised Allstate from a “hold” rating to a “buy” rating and increased their target price for the stock from $130.00 to $180.00 in a research note on Tuesday, January 9th. The Goldman Sachs Group raised their price target on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a report on Monday, March 25th. Raymond James increased their price objective on Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. Finally, HSBC raised Allstate from a “hold” rating to a “buy” rating and raised their target price for the company from $158.00 to $190.00 in a report on Thursday, March 28th. One equities research 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. Based on data from MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.71.

Allstate Trading Down 1.3 %

Shares of Allstate stock opened at $170.07 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.37 and a quick ratio of 0.37. The business has a 50 day moving average price of $165.09 and a 200 day moving average price of $149.38. The company has a market capitalization of $44.74 billion, a P/E ratio of -137.15, a P/E/G ratio of 0.42 and a beta of 0.52. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $176.93.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, topping the consensus estimate of $3.87 by $1.95. The firm had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. Allstate’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.36) earnings per share. Sell-side analysts anticipate that The Allstate Co. will post 13.44 EPS for the current fiscal year.

Allstate Increases Dividend

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

Allstate Company 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.