Carret Asset Management LLC Lowers Position in The Allstate Co. (NYSE:ALL)

Carret Asset Management LLC lowered its holdings in The Allstate Co. (NYSE:ALL) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,529 shares of the insurance provider’s stock after selling 286 shares during the period. Carret Asset Management LLC’s holdings in Allstate were worth $6,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Allstate in the 3rd quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Allstate in the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC grew its position in shares of Allstate by 152.7% in the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after buying an additional 168 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of Allstate in the 4th quarter worth approximately $43,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of Allstate in the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insider Activity at Allstate

In related news, insider John E. Dugenske sold 31,000 shares of the company’s 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 completion of the sale, the insider now owns 63,731 shares in the company, valued at $10,847,016.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was 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 of the company’s stock, valued at $1,712,069.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John E. Dugenske sold 31,000 shares of the business’s 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 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. 1.80% of the stock is owned by company insiders.

Allstate Stock Down 1.7 %

NYSE:ALL traded down $3.01 during trading hours on Wednesday, reaching $172.27. 1,761,095 shares of the company traded hands, compared to its average volume of 1,692,202. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $176.93. The business’s 50-day moving average price is $164.50 and its two-hundred day moving average price is $148.42. 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 stock has a market capitalization of $45.32 billion, a P/E ratio of -139.19, a P/E/G ratio of 0.43 and a beta of 0.52.

Allstate (NYSE:ALL) last posted its quarterly earnings results 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 firm had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.36) earnings per share. Analysts predict 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 given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Friday, March 1st. This is a boost from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is -296.77%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ALL. Keefe, Bruyette & Woods lifted their price objective on Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. TheStreet upgraded Allstate from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. lifted their price target on Allstate from $172.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. BMO Capital Markets lifted their price target on Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a research report on Friday, January 19th. Finally, UBS Group lifted their price target on Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $173.71.

Allstate 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.