Signal Advisors Wealth LLC Buys Shares of 3,121 The Allstate Corporation $ALL

Signal Advisors Wealth LLC purchased a new position in The Allstate Corporation (NYSE:ALL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,121 shares of the insurance provider’s stock, valued at approximately $650,000.

Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its holdings in Allstate by 0.7% during the 3rd quarter. State Street Corp now owns 11,859,517 shares of the insurance provider’s stock valued at $2,557,362,000 after buying an additional 85,468 shares in the last quarter. Boston Partners lifted its holdings in shares of Allstate by 14.9% in the third quarter. Boston Partners now owns 3,050,780 shares of the insurance provider’s stock worth $654,652,000 after buying an additional 395,195 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Allstate by 3.3% in the second quarter. Raymond James Financial Inc. now owns 2,793,645 shares of the insurance provider’s stock worth $562,388,000 after buying an additional 88,620 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Allstate by 18.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,606,451 shares of the insurance provider’s stock valued at $559,435,000 after acquiring an additional 401,700 shares during the period. Finally, Norges Bank bought a new position in shares of Allstate in the second quarter valued at approximately $482,870,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TD Cowen lowered shares of Allstate from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Wells Fargo & Company cut their price target on shares of Allstate from $228.00 to $227.00 and set an “equal weight” rating for the company in a report on Friday, February 20th. William Blair lowered shares of Allstate from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 18th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $231.00 price target on shares of Allstate in a report on Thursday, March 5th. Finally, Keefe, Bruyette & Woods lifted their price objective on Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Four equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and a consensus target price of $237.94.

Insider Activity at Allstate

In other news, insider Suren Gupta sold 19,593 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the sale, the insider directly owned 100,646 shares in the company, valued at approximately $21,135,660. The trade was a 16.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

Allstate Trading Down 2.1%

Shares of ALL stock opened at $202.71 on Friday. The business has a 50-day moving average price of $205.03 and a two-hundred day moving average price of $204.85. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $216.75. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. The firm has a market cap of $52.61 billion, a P/E ratio of 5.31, a price-to-earnings-growth ratio of 0.42 and a beta of 0.23.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. The company had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.Allstate’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $7.67 EPS. Equities analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.1%. This is a boost from Allstate’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, March 2nd. Allstate’s payout ratio is 11.31%.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.