Horan Securities Inc. Makes New $40,000 Investment in The Allstate Co. (NYSE:ALL)

Horan Securities Inc. acquired a new stake in shares of The Allstate Co. (NYSE:ALLGet Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 342 shares of the insurance provider’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its stake in Allstate by 8.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,199 shares of the insurance provider’s stock valued at $141,000 after purchasing an additional 97 shares during the last quarter. Mariner LLC boosted its stake in shares of Allstate by 4.7% during the 3rd quarter. Mariner LLC now owns 21,934 shares of the insurance provider’s stock worth $2,792,000 after acquiring an additional 986 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Allstate by 8.8% in the 3rd quarter. Captrust Financial Advisors now owns 164,870 shares of the insurance provider’s stock worth $21,115,000 after acquiring an additional 13,337 shares during the last quarter. Lorne Steinberg Wealth Management Inc. raised its position in shares of Allstate by 1.6% during the third quarter. Lorne Steinberg Wealth Management Inc. now owns 45,755 shares of the insurance provider’s stock worth $5,825,000 after purchasing an additional 700 shares during the period. Finally, F&V Capital Management LLC lifted its holdings in shares of Allstate by 13.5% during the fourth quarter. F&V Capital Management LLC now owns 75,605 shares of the insurance provider’s stock valued at $8,895,000 after purchasing an additional 8,995 shares during the last quarter. 75.84% of the stock is currently owned by institutional investors.

In other Allstate news, CFO Mario Rizzo sold 25,648 shares of Allstate stock in a transaction that occurred 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 SEC, which can be accessed through this hyperlink. Also, Director Judith A. Sprieser sold 1,652 shares of the stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $121.25, for a total value of $200,305.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,300 shares of company stock worth $3,715,590. 1.56% of the stock is currently owned by company insiders.

Several research firms have issued reports on ALL. Credit Suisse Group assumed coverage on Allstate in a report on Thursday, April 28th. They set an “outperform” rating and a $188.00 price objective on the stock. StockNews.com began coverage on shares of Allstate in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Piper Sandler cut their target price on shares of Allstate from $150.00 to $147.00 and set an “overweight” rating on the stock in a research note on Friday, April 22nd. Zacks Investment Research raised Allstate from a “sell” rating to a “hold” rating and set a $104.00 target price for the company in a research report on Thursday, March 10th. Finally, UBS Group upgraded Allstate from a “neutral” rating to a “buy” rating and lifted their price target for the company from $126.00 to $149.00 in a report on Monday, February 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Allstate has a consensus rating of “Hold” and an average target price of $143.21.

Shares of NYSE:ALL opened at $133.68 on Thursday. The company has a market cap of $37.21 billion, a P/E ratio of 26.21, a P/E/G ratio of 2.45 and a beta of 0.82. The stock’s 50-day moving average is $133.31 and its 200-day moving average is $123.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.42 and a current ratio of 0.42. The Allstate Co. has a 52-week low of $106.11 and a 52-week high of $144.46.

Allstate (NYSE:ALLGet Rating) last released its 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 business had revenue of $10.85 billion during the quarter, compared to analysts’ expectations of $10.98 billion. Allstate had a net margin of 3.16% and a return on equity of 16.60%. The firm’s revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the company earned $5.87 earnings per share. As a group, equities analysts predict that The Allstate Co. will post 9.91 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Monday, February 28th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Friday, February 25th. This is a positive change from Allstate’s previous quarterly dividend of $0.81. Allstate’s dividend payout ratio (DPR) is presently 66.67%.

About Allstate (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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