The Allstate Co. (NYSE:ALL) Stock Holdings Lowered by Martingale Asset Management L P

Martingale Asset Management L P decreased its stake in The Allstate Co. (NYSE:ALL - Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,405 shares of the insurance provider's stock after selling 3,372 shares during the period. Martingale Asset Management L P owned approximately 0.06% of Allstate worth $28,418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Apella Capital LLC grew its position in 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 acquiring an additional 60 shares in the last quarter. Intrust Bank NA boosted its stake in shares of Allstate by 0.5% in the fourth quarter. Intrust Bank NA now owns 12,135 shares of the insurance provider's stock valued at $2,340,000 after purchasing an additional 61 shares during the period. Perigon Wealth Management LLC grew its holdings in Allstate by 2.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,990 shares of the insurance provider's stock valued at $571,000 after purchasing an additional 62 shares in the last quarter. Mather Group LLC. increased its stake in Allstate by 1.7% during the 4th 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 lifted its holdings in Allstate by 4.6% in the 4th quarter. Angeles Wealth Management LLC now owns 1,403 shares of the insurance provider's stock worth $270,000 after buying an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company's stock.

Remove Ads

Insider Transactions at Allstate

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 transaction of $7,480,226.06. Following the sale, the chief financial officer now owns 18,115 shares of the company's stock, valued at $3,378,990.95. The trade was a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com raised Allstate from a "hold" rating to a "buy" rating in a research report on Tuesday, April 8th. Wells Fargo & Company upped their target price on Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods dropped their price target 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. Evercore ISI upgraded shares of Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. Finally, Argus raised shares of Allstate from a "hold" rating to a "buy" rating in a research 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $219.27.

Allstate Stock Performance

ALL stock traded up $2.32 on Monday, reaching $194.87. The company's stock had a trading volume of 302,529 shares, compared to its average volume of 1,986,138. The Allstate Co. has a 52 week low of $156.66 and a 52 week high of $212.91. 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 company has a market capitalization of $51.65 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 1.01 and a beta of 0.36. The firm has a fifty day moving average of $196.82 and a two-hundred day moving average of $194.22.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) 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%. As a group, analysts predict that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the insurance provider to reacquire up to 3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.05%. This is an increase from Allstate's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Monday, March 10th. Allstate's payout ratio is 23.54%.

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.