The Allstate Co. (NYSE:ALL) Stake Boosted by OLD National Bancorp IN

OLD National Bancorp IN grew its stake in shares of The Allstate Co. (NYSE:ALL) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,504 shares of the insurance provider’s stock after purchasing an additional 170 shares during the quarter. OLD National Bancorp IN’s holdings in Allstate were worth $630,000 as of its most recent SEC filing.

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

Insider Activity

In other news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction 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 $10,847,016.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction 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 $1,712,069.92. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Allstate Price Performance

Shares of NYSE:ALL opened at $172.27 on Thursday. The Allstate Co. has a one year low of $100.57 and a one year high of $176.93. The stock has a fifty day moving average of $164.72 and a 200-day moving average of $148.59. The company has a market capitalization of $45.32 billion, a PE ratio of -138.93, a price-to-earnings-growth ratio of 0.43 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.

Allstate (NYSE:ALL) last released its earnings results 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 company had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The company’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) earnings per share. As a group, equities analysts anticipate that The Allstate Co. will post 13.44 EPS for the current fiscal year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a $0.92 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is presently -296.77%.

Analyst Ratings Changes

ALL has been the subject of a number of recent analyst reports. TD Cowen initiated coverage on Allstate in a report on Wednesday, January 10th. They issued an “outperform” rating and a $193.00 price objective for the company. TheStreet raised Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Evercore ISI increased their price objective on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. The Goldman Sachs Group upped their target price on Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, Morgan Stanley upped their target price on Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $173.71.

About Allstate

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.