Envestnet Asset Management Inc. Has $53.86 Million Holdings in The Allstate Co. (NYSE:ALL)

Envestnet Asset Management Inc. increased its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 17.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 279,365 shares of the insurance provider's stock after buying an additional 42,118 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of Allstate worth $53,859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. VSM Wealth Advisory LLC acquired a new stake in shares of Allstate during the fourth quarter worth $25,000. Twin Tree Management LP bought a new stake in Allstate during the fourth quarter worth approximately $27,000. Vision Financial Markets LLC acquired a new stake in shares of Allstate in the fourth quarter valued at $29,000. Hopwood Financial Services Inc. acquired a new position in Allstate during the fourth quarter worth about $29,000. Finally, Peoples Bank KS acquired a new stake in Allstate in the 4th quarter valued at about $49,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALL has been the subject of several research reports. Evercore ISI raised Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. StockNews.com raised Allstate from a "hold" rating to a "buy" rating in a research report on Tuesday, April 8th. Wells Fargo & Company lifted their price target on Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods reduced their price objective on shares of Allstate from $240.00 to $228.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. raised their target price on Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Allstate presently has a consensus rating of "Moderate Buy" and an average price target of $219.27.

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Insider Buying and Selling

In other news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 18,115 shares of the company's stock, valued at $3,378,990.95. This represents a 68.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Allstate Price Performance

Shares of NYSE:ALL traded up $0.45 during midday trading on Tuesday, reaching $195.95. The company's stock had a trading volume of 299,286 shares, compared to its average volume of 1,614,530. The business's fifty day simple moving average is $196.87 and its 200-day simple moving average is $194.27. The company has a market capitalization of $51.93 billion, a P/E ratio of 11.54, a P/E/G ratio of 1.01 and a beta of 0.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The Allstate Co. has a fifty-two week low of $156.66 and a fifty-two week high of $212.91.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings data 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 net margin of 7.28% and a return on equity of 28.20%. As a group, equities research analysts expect that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Allstate's previous quarterly dividend of $0.92. Allstate's dividend payout ratio (DPR) is 23.54%.

Allstate declared that its board has authorized a stock buyback program on Wednesday, February 26th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the insurance provider to purchase up to 3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Allstate 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.