Simon Quick Advisors LLC Grows Stock Position in The Allstate Co. (NYSE:ALL)

Simon Quick Advisors LLC lifted its stake in The Allstate Co. (NYSE:ALLGet Rating) by 461.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 460 shares of the insurance provider’s stock after purchasing an additional 378 shares during the quarter. Simon Quick Advisors LLC’s holdings in Allstate were worth $54,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ALL. Northwest Investment Counselors LLC acquired a new stake in Allstate during the fourth quarter worth $29,000. Lindbrook Capital LLC boosted its holdings in Allstate by 79.1% in the fourth quarter. Lindbrook Capital LLC now owns 335 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 148 shares during the period. FSB Premier Wealth Management Inc. purchased a new position in Allstate in the fourth quarter valued at $41,000. D Orazio & Associates Inc. purchased a new position in Allstate in the third quarter valued at $47,000. Finally, USA Financial Portformulas Corp purchased a new stake in Allstate during the 3rd quarter worth about $48,000. 74.65% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Mario Rizzo sold 25,648 shares of the company’s stock in a transaction on Friday, February 4th. The stock was sold at an average price of $122.57, for a total transaction of $3,143,675.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO John C. Pintozzi sold 3,000 shares of the company’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of $123.87, for a total value of $371,610.00. The disclosure for this sale can be found here. Insiders sold a total of 30,300 shares of company stock valued at $3,715,590 over the last quarter. 1.56% of the stock is currently owned by insiders.

ALL has been the topic of a number of research analyst reports. Piper Sandler cut their target price on Allstate from $150.00 to $147.00 and set an “overweight” rating on the stock in a research report on Friday, April 22nd. Barclays boosted their price target on Allstate from $119.00 to $141.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 12th. Credit Suisse Group started coverage on Allstate in a research report on Thursday. They set an “outperform” rating and a $188.00 target price on the stock. UBS Group upgraded Allstate from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $149.00 in a research report on Monday, February 14th. Finally, StockNews.com started coverage on Allstate in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $143.21.

ALL traded down $3.80 during trading on Friday, hitting $126.54. The company’s stock had a trading volume of 1,614,130 shares, compared to its average volume of 1,696,362. The firm’s 50 day moving average price is $132.87 and its 200-day moving average price is $123.86. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market cap of $35.22 billion, a PE ratio of 24.81, a PEG ratio of 2.47 and a beta of 0.81. The Allstate Co. has a twelve month low of $106.11 and a twelve month high of $144.46.

Allstate (NYSE:ALLGet Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The insurance provider reported $2.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.01. The company had revenue of $10.85 billion during the quarter, compared to the consensus estimate of $10.98 billion. Allstate had a return on equity of 16.60% and a net margin of 3.16%. Allstate’s revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm posted $5.87 EPS. Equities analysts anticipate that The Allstate Co. will post 9.91 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Monday, February 28th were issued a $0.85 dividend. The ex-dividend date of this dividend was Friday, February 25th. This is an increase from Allstate’s previous quarterly dividend of $0.81. This represents a $3.40 annualized dividend and a yield of 2.69%. Allstate’s payout ratio is 66.67%.

Allstate Company Profile (Get Rating)

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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