Everpar Advisors LLC Takes $338,000 Position in The Allstate Co. (NYSE:ALL)

Everpar Advisors LLC acquired a new stake in The Allstate Co. (NYSE:ALL) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,415 shares of the insurance provider’s stock, valued at approximately $338,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ellsworth Advisors LLC acquired a new stake in Allstate in the fourth quarter valued at $4,312,000. SteelPeak Wealth LLC raised its stake in Allstate by 175.2% in the fourth quarter. SteelPeak Wealth LLC now owns 15,682 shares of the insurance provider’s stock valued at $2,209,000 after buying an additional 9,984 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Allstate by 484.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 332,104 shares of the insurance provider’s stock valued at $46,488,000 after buying an additional 275,319 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Allstate by 214.6% in the fourth quarter. Meeder Asset Management Inc. now owns 1,570 shares of the insurance provider’s stock valued at $220,000 after buying an additional 1,071 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in Allstate by 88.7% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 24,496 shares of the insurance provider’s stock valued at $3,429,000 after buying an additional 11,512 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Allstate

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of Allstate 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction that occurred on Tuesday, February 27th. The shares were 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 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 is available through this hyperlink. Also, insider John E. Dugenske sold 31,000 shares of Allstate 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 owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Allstate Stock Performance

Shares of NYSE ALL traded up $2.09 during midday trading on Wednesday, reaching $170.28. 1,290,383 shares of the company were exchanged, compared to its average volume of 1,677,004. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $177.37. The stock has a fifty day simple moving average of $166.44 and a 200 day simple moving average of $151.91. The stock has a market cap of $44.94 billion, a P/E ratio of 37.59, a PEG ratio of 0.39 and a beta of 0.51. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, beating analysts’ consensus estimates of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The company had revenue of $15.26 billion for the quarter, compared to analyst estimates of $12.76 billion. During the same quarter in the previous year, the company earned ($1.30) EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, research analysts forecast that The Allstate Co. will post 14.57 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 issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Allstate’s previous quarterly dividend of $0.89. Allstate’s payout ratio is currently 81.24%.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Allstate from $185.00 to $193.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. The Goldman Sachs Group raised their price objective on Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, March 25th. UBS Group raised their price objective on Allstate from $171.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, February 12th. HSBC raised Allstate from a “hold” rating to a “buy” rating and raised their price objective for the stock from $158.00 to $190.00 in a report on Thursday, March 28th. Finally, TD Cowen started coverage on Allstate in a report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.18.

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.