888 Shares in The Allstate Co. (NYSE:ALL) Purchased by Naples Money Management LLC

Naples Money Management LLC acquired a new position in shares of The Allstate Co. (NYSE:ALL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 888 shares of the insurance provider’s stock, valued at approximately $124,000.

Several other large investors also recently added to or reduced their stakes in ALL. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Allstate during the third quarter worth approximately $25,000. First Capital Advisors Group LLC. bought a new position in shares of Allstate during the second quarter valued at approximately $29,000. Cowa LLC bought a new position in shares of Allstate during the first quarter valued at approximately $30,000. RVW Wealth LLC bought a new position in shares of Allstate during the third quarter valued at approximately $33,000. Finally, Chilton Capital Management LLC bought a new position in shares of Allstate during the first quarter valued at approximately $33,000. 76.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group upped their target price on Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. increased their price objective on Allstate from $172.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. TheStreet raised Allstate from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. BMO Capital Markets increased their price objective on Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a research note on Friday, January 19th. Finally, Wells Fargo & Company increased their price objective on Allstate from $145.00 to $146.00 and gave the stock an “underweight” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and an average target price of $173.71.

Allstate Stock Up 2.3 %

Shares of ALL traded up $3.85 during midday trading on Friday, hitting $172.96. 2,367,571 shares of the company’s stock traded hands, compared to its average volume of 1,694,765. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $174.57. The firm’s fifty day moving average is $163.59 and its 200-day moving average is $146.60. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $45.50 billion, a price-to-earnings ratio of -139.48, a price-to-earnings-growth ratio of 0.40 and a beta of 0.52.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, beating the consensus estimate of $3.87 by $1.95. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The firm had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. During the same quarter in the prior year, the business posted ($1.36) EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Allstate Co. will post 13.5 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Friday, March 1st. This is a positive change from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is currently -296.77%.

Insider Activity at Allstate

In related news, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction dated 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 directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John E. Dugenske sold 31,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following the sale, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

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.