HighPoint Advisor Group LLC Buys 1,323 Shares of The Allstate Co. (NYSE:ALL)

HighPoint Advisor Group LLC raised its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,437 shares of the insurance provider's stock after purchasing an additional 1,323 shares during the period. HighPoint Advisor Group LLC's holdings in Allstate were worth $6,334,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ALL. Apella Capital LLC raised its position in shares of Allstate by 1.9% in the fourth 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 period. Intrust Bank NA lifted its position in Allstate by 0.5% during the 4th quarter. Intrust Bank NA now owns 12,135 shares of the insurance provider's stock worth $2,340,000 after acquiring an additional 61 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in Allstate by 2.1% during the fourth quarter. Perigon Wealth Management LLC now owns 2,990 shares of the insurance provider's stock valued at $571,000 after acquiring an additional 62 shares during the period. Mather Group LLC. increased its stake in shares of Allstate by 1.7% in the fourth quarter. Mather Group LLC. now owns 3,616 shares of the insurance provider's stock worth $697,000 after purchasing an additional 62 shares during the period. Finally, Angeles Wealth Management LLC lifted its position in shares of Allstate by 4.6% during the 4th quarter. Angeles Wealth Management LLC now owns 1,403 shares of the insurance provider's stock worth $270,000 after purchasing an additional 62 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of Allstate stock in a transaction that occurred on Monday, February 10th. The shares were 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 approximately $3,378,990.95. The trade was a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays dropped their price target on Allstate from $187.00 to $183.00 and set an "underweight" rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods upped their target price 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 report on Wednesday, January 8th. Argus upgraded shares of Allstate from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, Wells Fargo & Company boosted their price target on Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Allstate has a consensus rating of "Moderate Buy" and a consensus target price of $219.80.

Allstate Trading Down 0.0 %

Shares of NYSE ALL traded down $0.06 during mid-day trading on Thursday, hitting $205.37. The company's stock had a trading volume of 2,009,291 shares, compared to its average volume of 1,577,204. The Allstate Co. has a one year low of $156.66 and a one year high of $212.91. The company's fifty day simple moving average is $196.94 and its 200-day simple moving average is $194.28. 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 stock has a market cap of $54.43 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 1.01 and a beta of 0.47.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results 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, sell-side analysts anticipate that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

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

Allstate Increases Dividend

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

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.