Crux Wealth Advisors Takes $455,000 Position in The Allstate Co. (NYSE:ALL)

Crux Wealth Advisors purchased a new stake in shares of The Allstate Co. (NYSE:ALL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,360 shares of the insurance provider's stock, valued at approximately $455,000.

Other institutional investors also recently bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new position in Allstate in the 4th quarter worth approximately $25,000. Twin Tree Management LP purchased a new position in shares of Allstate in the fourth quarter valued at $27,000. Vision Financial Markets LLC acquired a new stake in Allstate during the 4th quarter valued at $29,000. Hopwood Financial Services Inc. acquired a new stake in Allstate during the 4th quarter valued at $29,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Allstate during the 4th quarter worth $40,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ALL. Evercore ISI upgraded Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their price objective on Allstate from $240.00 to $228.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Barclays cut their target price on Allstate from $183.00 to $172.00 and set an "underweight" rating on the stock in a research report on Friday. JPMorgan Chase & Co. raised their price target on shares of Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Finally, Argus raised shares of Allstate from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $219.27.

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Allstate Price Performance

Shares of ALL traded down $0.97 during mid-day trading on Tuesday, hitting $194.53. The company's stock had a trading volume of 1,691,592 shares, compared to its average volume of 1,621,924. The Allstate Co. has a fifty-two week low of $156.66 and a fifty-two week high of $212.91. The stock has a market capitalization of $51.56 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.01 and a beta of 0.36. The firm has a 50-day moving average price of $196.87 and a 200 day moving average price of $194.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40.

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

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.00 dividend on an annualized basis and a yield of 2.06%. This is a boost from Allstate's previous quarterly dividend of $0.92. Allstate's dividend payout ratio (DPR) is currently 23.54%.

Allstate announced that its board has initiated a share buyback plan on Wednesday, February 26th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the insurance provider to buy up to 3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, CFO Jesse E. Merten sold 40,102 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer now owns 18,115 shares in the company, valued at $3,378,990.95. The trade was a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company's stock.

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.