Natixis Advisors L.P. Has $37.09 Million Position in The Allstate Co. (NYSE:ALL)

Natixis Advisors L.P. lifted its holdings in The Allstate Co. (NYSE:ALL) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,960 shares of the insurance provider’s stock after buying an additional 15,163 shares during the period. Natixis Advisors L.P. owned about 0.10% of Allstate worth $37,087,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its holdings in Allstate by 1.1% in the fourth quarter. First Horizon Advisors Inc. now owns 67,788 shares of the insurance provider’s stock worth $9,489,000 after purchasing an additional 715 shares in the last quarter. Fisher Asset Management LLC acquired a new position in shares of Allstate during the fourth quarter valued at about $275,000. First Trust Direct Indexing L.P. raised its position in shares of Allstate by 13.4% during the fourth quarter. First Trust Direct Indexing L.P. now owns 7,390 shares of the insurance provider’s stock valued at $1,035,000 after buying an additional 873 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Allstate by 103.7% during the fourth quarter. Victory Capital Management Inc. now owns 166,495 shares of the insurance provider’s stock worth $23,306,000 after purchasing an additional 84,741 shares during the period. Finally, Berry Wealth Group LP bought a new position in Allstate during the fourth quarter worth about $292,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Allstate

In related news, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction dated 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 owns 63,731 shares in the company, valued at $10,847,016.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 value of $5,276,200.00. Following the completion of the transaction, the insider now owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The sale 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 the firm’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 completion of the sale, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ALL. Roth Mkm raised their price target on shares of Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Wells Fargo & Company raised their price target on shares of Allstate from $145.00 to $146.00 and gave the stock an “underweight” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods lifted their target price on shares of Allstate from $181.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Morgan Stanley lifted their target price on shares of Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Raymond James lifted their target price on shares of Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $174.18.

Allstate Trading Down 0.6 %

Shares of ALL stock traded down $1.00 on Friday, hitting $168.18. The stock had a trading volume of 1,668,295 shares, compared to its average volume of 1,508,644. The Allstate Co. has a twelve month low of $100.57 and a twelve month high of $177.37. The firm has a market cap of $44.39 billion, a P/E ratio of 37.13, a PEG ratio of 0.40 and a beta of 0.51. The company has a current ratio of 0.36, a quick ratio of 0.37 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average price of $165.88 and a two-hundred day moving average price of $150.65.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $5.13 EPS for the quarter, beating the consensus estimate of $4.11 by $1.02. The business had revenue of $15.26 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.30) EPS. As a group, analysts forecast that The Allstate Co. will post 14.04 earnings per share for the current fiscal 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 paid a dividend of $0.92 per share. 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%. The ex-dividend date of this dividend was Friday, March 1st. Allstate’s dividend payout ratio (DPR) is currently 81.24%.

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.