Orion Portfolio Solutions LLC Sells 2,973 Shares of The Allstate Co. (NYSE:ALL)

Orion Portfolio Solutions LLC cut its stake in shares of The Allstate Co. (NYSE:ALLFree Report) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,193 shares of the insurance provider’s stock after selling 2,973 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Allstate were worth $6,303,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ALL. Private Wealth Management Group LLC acquired a new position in Allstate in the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Allstate in the third quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Allstate during the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC increased its stake 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 valued at $39,000 after acquiring an additional 168 shares in the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Allstate during the 4th quarter valued at $43,000. 76.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ALL has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their target price on Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Roth Mkm lifted their target price on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 8th. JPMorgan Chase & Co. raised their price target on shares of Allstate from $185.00 to $193.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Morgan Stanley increased their price objective on shares of Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Wells Fargo & Company increased their price target on Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.59.

View Our Latest Analysis on Allstate

Allstate Price Performance

NYSE ALL traded up $0.84 during trading hours on Friday, reaching $164.84. 988,501 shares of the stock traded hands, compared to its average volume of 1,404,019. The stock has a 50 day simple moving average of $169.02 and a two-hundred day simple moving average of $155.48. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $177.37. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market cap of $43.50 billion, a price-to-earnings ratio of 36.39, a price-to-earnings-growth ratio of 1.55 and a beta of 0.51.

Allstate (NYSE:ALLGet Free Report) last issued its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The company had revenue of $15.26 billion for the quarter, compared to analysts’ expectations of $12.76 billion. During the same quarter last year, the company earned ($1.30) EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. On average, analysts predict that The Allstate Co. will post 15.15 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, May 31st will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, May 31st. 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 company’s stock in a transaction that occurred 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 transaction, the insider now owns 63,731 shares in the company, valued at $10,847,016.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO John C. Pintozzi sold 4,000 shares of the 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 transaction, the chief accounting officer now directly owns 10,736 shares in the company, valued at approximately $1,712,069.92. The sale was disclosed in a document filed 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 transaction of $5,276,200.00. Following the transaction, 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 currently owned by corporate insiders.

Allstate Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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