Naples Money Management LLC Invests $124,000 in The Allstate Co. (NYSE:ALL)

Naples Money Management LLC acquired a new stake in The Allstate Co. (NYSE:ALL) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 888 shares of the insurance provider’s stock, valued at approximately $124,000.

Other large investors have also bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in Allstate in the third quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Allstate in the fourth quarter valued at about $36,000. First Capital Advisors Group LLC. bought a new position in Allstate in the second quarter valued at about $29,000. Venturi Wealth Management LLC raised its position in Allstate by 152.7% in the fourth quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 168 shares during the last quarter. Finally, RVW Wealth LLC bought a new position in Allstate in the third quarter valued at about $33,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO John C. Pintozzi sold 4,000 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Allstate news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was 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 approximately $10,847,016.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO John C. Pintozzi sold 4,000 shares of the 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 completion of the sale, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Allstate Stock Performance

NYSE:ALL traded up $3.85 during trading on Friday, reaching $172.96. The company’s stock had a trading volume of 2,367,571 shares, compared to its average volume of 1,694,765. The firm has a market cap of $45.50 billion, a price-to-earnings ratio of -139.48, a price-to-earnings-growth ratio of 0.40 and a beta of 0.52. 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 firm has a 50 day moving average of $163.59 and a 200-day moving average of $146.60. The Allstate Co. has a 12 month low of $100.57 and a 12 month high of $174.57.

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 analysts’ consensus estimates of $3.87 by $1.95. The firm had revenue of $14.83 billion during the quarter, compared to the consensus estimate of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.36) EPS. Research analysts expect that The Allstate Co. will post 13.5 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders 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 dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is currently -296.77%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ALL. HSBC upgraded 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 research report on Thursday, March 28th. Morgan Stanley raised their price objective on Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. raised their price objective on Allstate from $172.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Piper Sandler raised their price objective on Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, Evercore ISI lifted their target price on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. One equities 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 stock. Based on data from MarketBeat.com, the company presently 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.