The Allstate Corporation $ALL is Wilsey Asset Management Inc.’s 7th Largest Position

Wilsey Asset Management Inc. grew its position in The Allstate Corporation (NYSE:ALL) by 1.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 178,671 shares of the insurance provider’s stock after acquiring an additional 2,931 shares during the period. Allstate makes up 5.8% of Wilsey Asset Management Inc.’s portfolio, making the stock its 7th biggest holding. Wilsey Asset Management Inc.’s holdings in Allstate were worth $37,190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ALL. Harbor Capital Advisors Inc. increased its stake in Allstate by 79.7% during the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares during the period. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Allstate by 112.3% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 73 shares during the period. Palisade Asset Management LLC acquired a new position in shares of Allstate in the third quarter valued at approximately $31,000. Armstrong Advisory Group Inc. increased its stake in Allstate by 72.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock worth $34,000 after buying an additional 67 shares during the period. Finally, South Plains Financial Inc. lifted its holdings in Allstate by 41.5% during 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 in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Performance

NYSE:ALL opened at $205.91 on Friday. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $216.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market capitalization of $53.44 billion, a PE ratio of 5.39, a price-to-earnings-growth ratio of 0.42 and a beta of 0.23. The business’s fifty day moving average price is $204.24 and its 200 day moving average price is $204.77.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.72 by $5.59. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The business had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the prior year, the firm posted $7.67 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

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

Insiders Place Their Bets

In other news, insider Suren Gupta sold 19,593 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the completion of the sale, the insider owned 100,646 shares in the company, valued at approximately $21,135,660. The trade was a 16.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ALL shares. Morgan Stanley restated an “equal weight” rating and issued a $215.00 price target (down from $245.00) on shares of Allstate in a research note on Tuesday, December 16th. The Goldman Sachs Group reissued a “neutral” rating and set a $231.00 target price on shares of Allstate in a research note on Thursday, March 5th. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a report on Wednesday, January 21st. Wells Fargo & Company reduced their price target on Allstate from $228.00 to $227.00 and set an “equal weight” rating on the stock in a research report on Friday, February 20th. Finally, Evercore set a $225.00 price objective on Allstate in a research note on Wednesday, January 7th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $237.94.

Allstate Company 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.