Associated Banc Corp Has $21.79 Million Holdings in The Allstate Co. (NYSE:ALL)

Associated Banc Corp reduced its position in The Allstate Co. (NYSE:ALL - Free Report) by 2.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 113,037 shares of the insurance provider's stock after selling 2,679 shares during the quarter. Associated Banc Corp's holdings in Allstate were worth $21,792,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC boosted its position in shares of Allstate by 15,062.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,119,129 shares of the insurance provider's stock worth $215,757,000 after buying an additional 1,111,748 shares in the last quarter. National Pension Service increased its stake in shares of Allstate by 69.7% during the 4th quarter. National Pension Service now owns 708,098 shares of the insurance provider's stock valued at $136,514,000 after acquiring an additional 290,858 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Allstate by 22,981.9% during the 4th quarter. Proficio Capital Partners LLC now owns 269,135 shares of the insurance provider's stock valued at $51,887,000 after acquiring an additional 267,969 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Allstate by 291.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 356,065 shares of the insurance provider's stock valued at $67,528,000 after acquiring an additional 265,213 shares during the last quarter. Finally, Prana Capital Management LP increased its stake in shares of Allstate by 539.9% during the 3rd quarter. Prana Capital Management LP now owns 273,655 shares of the insurance provider's stock valued at $51,899,000 after acquiring an additional 230,893 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, CFO Jesse E. Merten sold 40,102 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of the sale, the chief financial officer now directly owns 18,115 shares in the company, valued at approximately $3,378,990.95. The trade was a 68.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on ALL. Barclays reduced their target price on Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a research note on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Allstate from $235.00 to $240.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Evercore ISI upgraded shares of Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their price target on shares of Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 14th. Finally, Piper Sandler lifted their price target on Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $217.94.

Allstate Stock Down 0.3 %

Shares of NYSE ALL traded down $0.57 during trading hours on Wednesday, hitting $204.77. The stock had a trading volume of 1,787,822 shares, compared to its average volume of 1,499,865. The firm's 50-day moving average price is $192.60 and its two-hundred day moving average price is $192.74. The Allstate Co. has a 52 week low of $156.66 and a 52 week high of $211.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The company has a market capitalization of $54.27 billion, a P/E ratio of 12.05, a P/E/G ratio of 1.01 and a beta of 0.47.

Allstate (NYSE:ALL - Get Free Report) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. Analysts anticipate that The Allstate Co. will post 18.74 EPS for the current fiscal year.

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

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a $1.00 dividend. This is a positive change from Allstate's previous quarterly dividend of $0.92. This represents a $4.00 annualized dividend and a yield of 1.95%. The ex-dividend date is Monday, March 10th. Allstate's payout ratio is 23.54%.

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.