Legacy Financial Advisors Inc. Purchases 91 Shares of The Allstate Co. (NYSE:ALL)

Legacy Financial Advisors Inc. raised its position in shares of The Allstate Co. (NYSE:ALL) by 2.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,367 shares of the insurance provider’s stock after acquiring an additional 91 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Allstate were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In related news, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other Allstate news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction that occurred on Tuesday, March 26th. The stock was 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 of the company’s stock, valued at approximately $10,847,016.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 10,736 shares in the company, valued at $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ALL. 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. TheStreet upgraded Allstate from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods raised their price target on Allstate from $181.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Roth Mkm raised their price target on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, BMO Capital Markets raised their price target on Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and an average price target of $174.18.

Allstate Trading Down 0.6 %

Shares of NYSE ALL traded down $1.00 during trading hours on Friday, hitting $168.18. The company’s stock had a trading volume of 1,668,295 shares, compared to its average volume of 1,508,644. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.37 and a current ratio of 0.36. The stock has a market cap of $44.39 billion, a price-to-earnings ratio of 37.13, a P/E/G ratio of 0.40 and a beta of 0.51. The Allstate Co. has a 12 month low of $100.57 and a 12 month high of $177.37. The business has a 50-day simple moving average of $166.06 and a 200-day simple moving average of $150.95.

Allstate (NYSE:ALL) last posted its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $1.02. The company had revenue of $15.26 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a return on equity of 14.44% and a net margin of 2.31%. Allstate’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm earned ($1.30) earnings per share. On average, analysts anticipate that The Allstate Co. will post 14.04 earnings per share for the current fiscal year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a $0.92 dividend. The ex-dividend date 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 dividend yield of 2.19%. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

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.