Leisure Capital Management Has $2.09 Million Stake in The Allstate Co. (NYSE:ALL)

Leisure Capital Management lessened its stake in shares of The Allstate Co. (NYSE:ALL) by 10.6% during the 4th quarter, HoldingsChannel reports. The firm owned 14,932 shares of the insurance provider’s stock after selling 1,773 shares during the quarter. Allstate comprises 1.1% of Leisure Capital Management’s holdings, making the stock its 21st biggest position. Leisure Capital Management’s holdings in Allstate were worth $2,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ALL. Alexander Randolph Advisory Inc. acquired a new position in Allstate in the 4th quarter valued at approximately $3,077,000. Gilliland Jeter Wealth Management LLC acquired a new position in shares of Allstate in the fourth quarter valued at $1,228,000. Citizens Financial Group Inc. RI bought a new position in Allstate in the fourth quarter worth $245,000. Markel Group Inc. boosted its stake in Allstate by 9.2% during the fourth quarter. Markel Group Inc. now owns 154,550 shares of the insurance provider’s stock worth $21,634,000 after buying an additional 13,000 shares in the last quarter. Finally, First Fiduciary Investment Counsel Inc. bought a new position in shares of Allstate during the 4th quarter worth about $236,000. Institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

ALL has been the subject of a number of analyst reports. Piper Sandler raised their price target on shares of Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Wells Fargo & Company boosted their price target on Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a research note on Thursday, April 11th. Evercore ISI increased their target price on shares of Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Raymond James increased their target price on Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Finally, Roth Mkm lifted their price target on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and an average target price of $173.71.

Insider Buying and Selling at Allstate

In related news, CAO John C. Pintozzi sold 4,000 shares of the firm’s stock in a transaction 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 approximately $1,712,069.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO John C. Pintozzi sold 4,000 shares of the business’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 value of $637,880.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,736 shares in the company, 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 on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the sale, the insider now directly owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Allstate Stock Performance

Shares of Allstate stock traded down $2.27 on Friday, hitting $170.07. 1,279,038 shares of the company’s stock traded hands, compared to its average volume of 1,336,406. The firm’s 50-day moving average price is $165.09 and its two-hundred day moving average price is $149.14. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 0.37. The Allstate Co. has a one year low of $100.57 and a one year high of $176.93.

Allstate (NYSE:ALL) last released its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $14.83 billion during the quarter, compared to the consensus estimate of $12.69 billion. During the same quarter in the prior year, the company posted ($1.36) earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. Equities analysts anticipate that The Allstate Co. will post 13.44 earnings per share for the current year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.92 per share. This is a positive change from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 annualized dividend and a yield of 2.16%. Allstate’s dividend payout ratio (DPR) is presently -296.77%.

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.