1,516 Shares in The Allstate Co. (NYSE:ALL) Bought by Wade G W & Inc.

Wade G W & Inc. purchased a new position in shares of The Allstate Co. (NYSE:ALL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,516 shares of the insurance provider’s stock, valued at approximately $212,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC boosted its position in Allstate by 5.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 6,872 shares of the insurance provider’s stock valued at $962,000 after buying an additional 352 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Allstate by 23.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 24,562 shares of the insurance provider’s stock valued at $3,438,000 after buying an additional 4,602 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Allstate by 8.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 284,862 shares of the insurance provider’s stock valued at $41,305,000 after buying an additional 22,794 shares during the last quarter. Westpac Banking Corp boosted its position in Allstate by 18.3% in the 4th quarter. Westpac Banking Corp now owns 1,448 shares of the insurance provider’s stock valued at $203,000 after buying an additional 224 shares during the last quarter. Finally, Keystone Investors PTE Ltd. purchased a new position in Allstate in the 4th quarter valued at about $267,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ALL has been the topic of several research analyst reports. Morgan Stanley increased their price target on shares of Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Piper Sandler increased their price target on shares of Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. StockNews.com raised shares of Allstate from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Raymond James increased their price target on shares of Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. Finally, Roth Mkm increased their price objective 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $174.59.

Allstate Stock Performance

Shares of NYSE:ALL traded up $0.20 during trading hours on Friday, hitting $169.28. The stock had a trading volume of 187,226 shares, compared to its average volume of 1,627,008. The stock’s fifty day simple moving average is $168.18 and its 200 day simple moving average is $153.75. The Allstate Co. has a 1-year low of $100.57 and a 1-year high of $177.37. The firm has a market capitalization of $44.68 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 0.37 and a beta of 0.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, beating the consensus estimate of $4.11 by $1.02. The company had revenue of $15.26 billion for the quarter, compared to analyst estimates of $12.76 billion. Allstate had a net margin of 2.31% and a return on equity of 14.44%. Allstate’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business earned ($1.30) earnings per share. Sell-side analysts anticipate that The Allstate Co. will post 15 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, May 31st will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Friday, May 31st. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

Insider Activity

In other news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction that occurred on 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 directly owns 63,731 shares in the company, valued at $10,847,016.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction that occurred on 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 directly owns 63,731 shares in the company, valued at $10,847,016.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 $1,712,069.92. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

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.