5,414 Shares in The Allstate Co. (NYSE:ALL) Purchased by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC purchased a new position in shares of The Allstate Co. (NYSE:ALL) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 5,414 shares of the insurance provider’s stock, valued at approximately $758,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Allstate by 11.5% during the third quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock worth $3,595,266,000 after purchasing an additional 3,322,673 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Allstate by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,926,917 shares of the insurance provider’s stock valued at $660,318,000 after buying an additional 172,250 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Allstate by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 4,239,513 shares of the insurance provider’s stock valued at $472,324,000 after buying an additional 53,821 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Allstate by 23.0% in the third quarter. Diamond Hill Capital Management Inc. now owns 4,184,211 shares of the insurance provider’s stock valued at $466,163,000 after buying an additional 782,696 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Allstate by 46.6% in the third quarter. Invesco Ltd. now owns 4,121,941 shares of the insurance provider’s stock valued at $459,225,000 after buying an additional 1,311,095 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allstate

In other Allstate news, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John E. Dugenske sold 31,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the transaction, the insider now 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.

Analysts Set New Price Targets

A number of brokerages have issued reports on ALL. JPMorgan Chase & Co. increased their target price on shares of Allstate from $172.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Raymond James increased their target price on shares of Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. Roth Mkm increased their target price on shares of Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 8th. HSBC raised shares of Allstate from a “hold” rating to a “buy” rating and increased their target price for the company from $158.00 to $190.00 in a report on Thursday, March 28th. Finally, Wells Fargo & Company raised their price objective on shares of Allstate from $145.00 to $146.00 and gave the stock an “underweight” rating in a research note on Thursday, April 11th. 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $173.71.

Allstate Stock Up 0.3 %

Shares of ALL stock traded up $0.46 during trading hours on Tuesday, hitting $170.04. 1,124,609 shares of the company were exchanged, compared to its average volume of 1,668,521. The business has a 50 day moving average of $165.45 and a two-hundred day moving average of $150.37. 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 Allstate Co. has a 52 week low of $100.57 and a 52 week high of $176.93. The company has a market capitalization of $44.73 billion, a PE ratio of -137.13, a PEG ratio of 0.42 and a beta of 0.52.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, beating 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 negative net margin of 0.33% and a positive return on equity of 2.67%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted ($1.36) earnings per share. Analysts anticipate that The Allstate Co. will post 13.44 earnings per share for the current fiscal year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a $0.92 dividend. This is a boost from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date was Friday, March 1st. This represents a $3.68 annualized dividend and a yield of 2.16%. Allstate’s payout ratio is -296.77%.

About Allstate

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.