The Allstate Co. (NYSE:ALL) Shares Acquired by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lifted its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 131.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,149 shares of the insurance provider's stock after purchasing an additional 1,787 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Allstate were worth $608,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Apella Capital LLC lifted its stake in shares of Allstate by 1.9% in the 4th quarter. Apella Capital LLC now owns 3,231 shares of the insurance provider's stock valued at $623,000 after purchasing an additional 60 shares during the last quarter. Avior Wealth Management LLC lifted its position in Allstate by 4.9% in the third quarter. Avior Wealth Management LLC now owns 1,329 shares of the insurance provider's stock worth $252,000 after buying an additional 62 shares during the last quarter. Perigon Wealth Management LLC lifted its position in Allstate by 2.1% in the fourth quarter. Perigon Wealth Management LLC now owns 2,990 shares of the insurance provider's stock worth $571,000 after buying an additional 62 shares during the last quarter. Mather Group LLC. boosted its stake in Allstate by 1.7% during the fourth quarter. Mather Group LLC. now owns 3,616 shares of the insurance provider's stock worth $697,000 after buying an additional 62 shares during the period. Finally, Angeles Wealth Management LLC increased its position in Allstate by 4.6% during the fourth quarter. Angeles Wealth Management LLC now owns 1,403 shares of the insurance provider's stock valued at $270,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 76.47% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ALL. The Goldman Sachs Group raised their target price on shares of Allstate from $209.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Wells Fargo & Company raised their price objective on shares of Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 14th. Evercore ISI raised Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. Argus raised Allstate from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on Allstate from $235.00 to $240.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Allstate has an average rating of "Moderate Buy" and an average price target of $217.94.

Insider Activity at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the completion of the sale, the chief financial officer now directly owns 18,115 shares of the company's stock, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Allstate Stock Up 1.8 %

Shares of ALL traded up $3.51 during mid-day trading on Tuesday, hitting $202.25. The company's stock had a trading volume of 3,412,648 shares, compared to its average volume of 1,908,125. The company's 50-day moving average is $190.89 and its 200-day moving average is $191.95. The Allstate Co. has a 52-week low of $156.66 and a 52-week high of $209.88. The firm has a market capitalization of $53.60 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.01 and a beta of 0.47. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping analysts' consensus estimates of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%. On average, equities research analysts forecast that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a dividend of $1.00 per share. This is a boost from Allstate's previous quarterly dividend of $0.92. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, March 10th. Allstate's dividend payout ratio is 23.54%.

Allstate declared that its board has approved a stock repurchase program on Wednesday, February 26th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the insurance provider to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Allstate Company 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.