GDS Wealth Management Acquires 7,715 Shares of The Allstate Co. (NYSE:ALL)

GDS Wealth Management boosted its position in The Allstate Co. (NYSE:ALL) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,107 shares of the insurance provider’s stock after purchasing an additional 7,715 shares during the period. GDS Wealth Management’s holdings in Allstate were worth $9,534,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ALL. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Allstate during the 3rd quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Allstate in the fourth quarter worth about $36,000. Venturi Wealth Management LLC lifted its position in shares of Allstate by 152.7% during the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock valued at $39,000 after buying an additional 168 shares in the last quarter. Bruce G. Allen Investments LLC bought a new position in shares of Allstate during the 4th quarter valued at approximately $43,000. Finally, First Command Advisory Services Inc. purchased a new stake in Allstate in the 3rd quarter worth approximately $48,000. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of NYSE:ALL traded up $1.18 during midday trading on Thursday, hitting $171.46. The company’s stock had a trading volume of 986,246 shares, compared to its average volume of 1,669,328. The Allstate Co. has a 12-month low of $100.57 and a 12-month high of $177.37. The company has a market cap of $45.25 billion, a P/E ratio of 37.85, a price-to-earnings-growth ratio of 0.39 and a beta of 0.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36. The business’s 50 day simple moving average is $166.64 and its 200 day simple moving average is $152.04.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, beating the consensus estimate of $4.11 by $1.02. The firm had revenue of $15.26 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.30) EPS. On average, analysts forecast that The Allstate Co. will post 14.57 EPS for the current year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a dividend of $0.92 per share. This is a boost from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 annualized dividend and a yield of 2.15%. Allstate’s dividend payout ratio (DPR) is 81.24%.

Insider Buying and Selling at Allstate

In related news, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction dated 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 directly owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO John C. Pintozzi sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the sale, the chief accounting officer now owns 10,736 shares in the company, valued at $1,712,069.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ALL shares. Raymond James upped their price target on shares of Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. Evercore ISI boosted their price objective on Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Piper Sandler upped their price target on Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. HSBC upgraded Allstate from a “hold” rating to a “buy” rating and increased their target price for the company from $158.00 to $190.00 in a research report on Thursday, March 28th. Finally, JPMorgan Chase & Co. raised their price target on Allstate from $185.00 to $193.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.