The Allstate Co. (NYSE:ALL) Shares Purchased by Matrix Trust Co

Matrix Trust Co increased its position in shares of The Allstate Co. (NYSE:ALL) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,656 shares of the insurance provider’s stock after acquiring an additional 103 shares during the quarter. Allstate makes up approximately 0.5% of Matrix Trust Co’s holdings, making the stock its 22nd biggest holding. Matrix Trust Co’s holdings in Allstate were worth $2,192,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ALL. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Allstate during the third quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in Allstate during the fourth quarter worth approximately $36,000. Venturi Wealth Management LLC raised its stake in Allstate by 152.7% during the fourth quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 168 shares during the period. Bruce G. Allen Investments LLC purchased a new position in Allstate during the fourth quarter worth approximately $43,000. Finally, First Command Advisory Services Inc. purchased a new position in Allstate during the third quarter worth approximately $48,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Allstate from $172.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. HSBC raised shares of Allstate from a “hold” rating to a “buy” rating and raised their target price for the company from $158.00 to $190.00 in a research note on Thursday, March 28th. Keefe, Bruyette & Woods raised their target price on shares of Allstate from $181.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Raymond James raised their target price on shares of Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Finally, Wells Fargo & Company raised their target price on shares of Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.71.

Insiders Place Their Bets

In other news, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction dated Tuesday, February 27th. The shares were 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 of the company’s stock, valued at approximately $1,712,069.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the sale, the chief accounting officer now owns 10,736 shares in the company, valued at $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Allstate Stock Down 1.3 %

ALL stock traded down $2.27 during mid-day trading on Friday, hitting $170.07. 1,279,038 shares of the company were exchanged, compared to its average volume of 1,336,406. 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 Allstate Co. has a twelve month low of $100.57 and a twelve month high of $176.93. The firm has a fifty day simple moving average of $165.09 and a 200 day simple moving average of $149.14.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, topping the consensus estimate of $3.87 by $1.95. The company had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the business earned ($1.36) EPS. Equities research analysts expect that The Allstate Co. will post 13.44 EPS for the current year.

Allstate Increases Dividend

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