Crawford Investment Counsel Inc. Sells 6,780 Shares of The Allstate Corporation $ALL

Crawford Investment Counsel Inc. reduced its holdings in shares of The Allstate Corporation (NYSE:ALL) by 20.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,721 shares of the insurance provider’s stock after selling 6,780 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in Allstate were worth $5,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ALL. Guerra Pan Advisors LLC increased its position in shares of Allstate by 1.5% during the 2nd quarter. Guerra Pan Advisors LLC now owns 3,426 shares of the insurance provider’s stock valued at $690,000 after purchasing an additional 49 shares during the last quarter. South Plains Financial Inc. boosted its holdings in shares of Allstate by 41.5% in the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after buying an additional 49 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in shares of Allstate by 1.1% in the 3rd quarter. Focus Financial Network Inc. now owns 4,693 shares of the insurance provider’s stock worth $1,012,000 after buying an additional 52 shares during the last quarter. L2 Asset Management LLC grew its position in Allstate by 4.8% during the second quarter. L2 Asset Management LLC now owns 1,168 shares of the insurance provider’s stock valued at $235,000 after buying an additional 53 shares during the period. Finally, Howard Capital Management Inc. grew its position in Allstate by 3.2% during the third quarter. Howard Capital Management Inc. now owns 1,739 shares of the insurance provider’s stock valued at $373,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

ALL has been the topic of several research reports. Zacks Research raised shares of Allstate from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Keefe, Bruyette & Woods increased their target price on shares of Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group restated a “neutral” rating and set a $231.00 price target on shares of Allstate in a research note on Thursday, March 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $215.00 price target (down from $245.00) on shares of Allstate in a report on Tuesday, December 16th. Finally, William Blair downgraded Allstate from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and an average price target of $238.88.

Allstate Price Performance

Shares of NYSE:ALL opened at $206.22 on Monday. The firm has a market capitalization of $53.52 billion, a PE ratio of 5.40, a P/E/G ratio of 0.43 and a beta of 0.23. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $204.52 and a two-hundred day moving average price of $204.71. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $216.75.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.72 by $5.59. The company had revenue of $17.35 billion for the quarter, compared to analyst estimates of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.67 earnings per share. Equities analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be given a dividend of $1.08 per share. This is an increase from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, March 2nd. Allstate’s dividend payout ratio (DPR) is currently 11.31%.

Insider Activity

In other news, insider Suren Gupta sold 19,593 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the transaction, the insider directly owned 100,646 shares of the company’s stock, valued at $21,135,660. This trade represents a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Allstate Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.