1,860 Shares in The Allstate Co. (NYSE:ALL) Bought by Walden Wealth Partners LLC

Walden Wealth Partners LLC acquired a new position in shares of The Allstate Co. (NYSE:ALLFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,860 shares of the insurance provider’s stock, valued at approximately $260,000.

Other institutional investors have also made changes to their positions in the company. Private Wealth Management Group LLC acquired a new position in Allstate in the fourth quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Allstate in the fourth quarter valued at about $36,000. Venturi Wealth Management LLC grew its stake 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 acquiring an additional 168 shares during the period. Bruce G. Allen Investments LLC acquired a new position in Allstate in the fourth quarter valued at about $43,000. Finally, Frazier Financial Advisors LLC acquired a new position in Allstate in the fourth quarter valued at about $44,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ALL shares. JPMorgan Chase & Co. upped their price objective on Allstate from $185.00 to $193.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. HSBC raised Allstate from a “hold” rating to a “buy” rating and upped their price objective for the stock from $158.00 to $190.00 in a research report on Thursday, March 28th. Wells Fargo & Company upped their price objective on Allstate from $146.00 to $153.00 and gave the stock an “underweight” rating in a research report on Friday, May 10th. Morgan Stanley upped their price objective on Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, Evercore ISI upped their price objective on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.59.

Read Our Latest Report on Allstate

Insider Activity

In other 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 value of $5,276,200.00. Following the transaction, the insider now 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 through the SEC website. 1.80% of the stock is owned by company insiders.

Allstate Stock Performance

NYSE:ALL traded up $1.67 on Monday, hitting $158.74. The company’s stock had a trading volume of 2,557,819 shares, compared to its average volume of 1,599,129. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average of $167.35 and a two-hundred day moving average of $158.76. The firm has a market capitalization of $41.89 billion, a P/E ratio of 34.67, a price-to-earnings-growth ratio of 1.48 and a beta of 0.50. The Allstate Co. has a one year low of $100.57 and a one year high of $177.37.

Allstate (NYSE:ALLGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) 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 analyst estimates of $12.76 billion. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.30) earnings per share. Research analysts predict that The Allstate Co. will post 15.13 earnings per share for the current year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, May 31st will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, May 31st. Allstate’s payout ratio is 81.24%.

About Allstate

(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.

Further Reading

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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