The Allstate Co. (NYSE:ALL) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of The Allstate Co. (NYSE:ALL - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 263,148 shares of the insurance provider's stock after buying an additional 14,908 shares during the quarter. Natixis Advisors LLC owned 0.10% of Allstate worth $50,733,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ALL. FSA Wealth Management LLC purchased a new position in shares of Allstate during the 3rd quarter worth approximately $26,000. Vision Financial Markets LLC acquired a new position in Allstate during the fourth quarter worth $29,000. Hopwood Financial Services Inc. purchased a new position in shares of Allstate during the fourth quarter worth $29,000. Peoples Bank KS acquired a new stake in shares of Allstate in the fourth quarter valued at $49,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Allstate in the 4th quarter valued at $53,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Up 2.6 %

Shares of NYSE:ALL traded up $5.33 during trading on Thursday, hitting $210.20. 2,542,646 shares of the company were exchanged, compared to its average volume of 1,966,536. 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 firm's 50 day moving average price is $192.87 and its 200-day moving average price is $192.82. The stock has a market capitalization of $55.71 billion, a P/E ratio of 12.37, a PEG ratio of 1.01 and a beta of 0.47. The Allstate Co. has a 12-month low of $156.66 and a 12-month high of $212.91.

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

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.00 per share. This is a positive change from Allstate's previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.00 annualized dividend and a yield of 1.90%. Allstate's payout ratio is 23.54%.

Allstate declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 26th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to buy up to 3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays dropped their target price on Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a research report on Monday, January 6th. Wells Fargo & Company lifted their price objective on shares of Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. Evercore ISI upgraded shares of Allstate from an "in-line" rating to an "outperform" rating in a report on Wednesday, January 8th. Argus raised shares of Allstate from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, Piper Sandler upped their price objective on Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $217.94.

Insider Buying and Selling at Allstate

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

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.