Avity Investment Management Inc. Takes Position in The Allstate Co. (NYSE:ALL)

Avity Investment Management Inc. purchased a new stake in shares of The Allstate Co. (NYSE:ALLFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,779 shares of the insurance provider’s stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALL. Annis Gardner Whiting Capital Advisors LLC bought a new position in Allstate in the third quarter valued at about $25,000. First Capital Advisors Group LLC. bought a new position in Allstate in the second quarter valued at about $29,000. Cowa LLC bought a new position in Allstate in the first quarter valued at about $30,000. RVW Wealth LLC bought a new position in Allstate in the third quarter valued at about $33,000. Finally, Chilton Capital Management LLC bought a new position in Allstate in the first quarter valued at about $33,000. 77.23% of the stock is owned by institutional investors.

Insider Transactions at Allstate

In other news, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

Allstate Trading Down 0.7 %

Shares of Allstate stock traded down $1.19 on Wednesday, reaching $161.17. The company had a trading volume of 1,536,614 shares, compared to its average volume of 1,767,664. The firm has a market cap of $42.40 billion, a price-to-earnings ratio of -129.98, a P/E/G ratio of 0.44 and a beta of 0.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.37 and a quick ratio of 0.37. The firm’s 50-day moving average price is $157.87 and its two-hundred day moving average price is $138.30. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $168.05.

Allstate (NYSE:ALLGet Free Report) last announced its earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $1.95. The firm had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.36) EPS. As a group, research analysts predict that The Allstate Co. will post 12.97 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 4th will be issued a $0.92 dividend. This is a boost from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date is Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.28%. Allstate’s payout ratio is -296.77%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley raised Allstate from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $117.00 to $171.00 in a research note on Thursday, January 4th. Wells Fargo & Company raised their price objective on Allstate from $112.00 to $145.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. UBS Group raised their price objective on Allstate from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. The Goldman Sachs Group raised their price objective on Allstate from $141.00 to $164.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Finally, StockNews.com raised Allstate from a “hold” rating to a “buy” rating in a research note on Friday, November 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $159.12.

Check Out Our Latest Report on ALL

Allstate Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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