Everett Harris & Co. CA Invests $218,000 in The Allstate Co. (NYSE:ALL)

Everett Harris & Co. CA purchased a new position in The Allstate Co. (NYSE:ALL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,555 shares of the insurance provider’s stock, valued at approximately $218,000.

A number of other institutional investors also recently made changes to their positions in ALL. Sei Investments Co. raised its holdings in shares of Allstate by 40.2% in the first quarter. Sei Investments Co. now owns 187,869 shares of the insurance provider’s stock worth $26,022,000 after acquiring an additional 53,824 shares during the last quarter. Prudential PLC purchased a new stake in shares of Allstate in the first quarter valued at $1,325,000. Cetera Investment Advisers grew its position in shares of Allstate by 13.9% in the first quarter. Cetera Investment Advisers now owns 23,536 shares of the insurance provider’s stock valued at $3,260,000 after purchasing an additional 2,874 shares during the period. Dakota Wealth Management purchased a new stake in shares of Allstate in the first quarter valued at $270,000. Finally, Sequoia Financial Advisors LLC grew its position in shares of Allstate by 36.2% in the first quarter. Sequoia Financial Advisors LLC now owns 3,237 shares of the insurance provider’s stock valued at $448,000 after purchasing an additional 860 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Allstate

In related news, CAO John C. Pintozzi sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the sale, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO John C. Pintozzi sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the sale, the chief accounting officer now directly owns 10,736 shares in the company, valued at approximately $1,712,069.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John E. Dugenske sold 31,000 shares of the firm’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 value 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 disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ALL. UBS Group lifted their price objective on Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. boosted their price target on Allstate from $164.00 to $172.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. The Goldman Sachs Group boosted their price target on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research report on Monday. HSBC raised Allstate from a “hold” rating to a “buy” rating and boosted their price target for the company from $158.00 to $190.00 in a research report on Thursday. Finally, Wells Fargo & Company boosted their price target on Allstate from $112.00 to $145.00 and gave the company an “underweight” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and a consensus target price of $165.56.

Allstate Stock Up 1.9 %

Shares of NYSE:ALL traded up $3.18 during trading on Thursday, hitting $173.02. The company’s stock had a trading volume of 1,735,418 shares, compared to its average volume of 1,772,416. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 0.37. The Allstate Co. has a fifty-two week low of $100.57 and a fifty-two week high of $173.47. The stock’s 50-day moving average price is $159.48 and its two-hundred day moving average price is $140.38. The company has a market capitalization of $45.52 billion, a PE ratio of -139.53, a PEG ratio of 0.45 and a beta of 0.51.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $1.95. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The firm had revenue of $14.83 billion for the quarter, compared to analysts’ expectations of $12.69 billion. During the same quarter in the prior year, the firm posted ($1.36) earnings per share. Allstate’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, sell-side analysts expect that The Allstate Co. will post 13.11 EPS for the current year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be paid a dividend of $0.92 per share. The ex-dividend date is Friday, March 1st. This represents a $3.68 annualized dividend and a yield of 2.13%. This is a boost from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is presently -296.77%.

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.