Xponance Inc. Purchases 14,604 Shares of The Allstate Co. (NYSE:ALL)

Xponance Inc. grew its holdings in shares of The Allstate Co. (NYSE:ALL - Free Report) by 36.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,962 shares of the insurance provider's stock after buying an additional 14,604 shares during the quarter. Xponance Inc.'s holdings in Allstate were worth $10,596,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ALL. Generali Asset Management SPA SGR purchased a new stake in shares of Allstate in the fourth quarter valued at approximately $2,061,000. Horizon Investments LLC boosted its holdings in shares of Allstate by 2.0% in the fourth quarter. Horizon Investments LLC now owns 4,415 shares of the insurance provider's stock valued at $851,000 after purchasing an additional 88 shares during the period. Axxcess Wealth Management LLC boosted its holdings in shares of Allstate by 2.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 4,403 shares of the insurance provider's stock valued at $849,000 after purchasing an additional 92 shares during the period. Flagship Wealth Advisors LLC purchased a new stake in shares of Allstate in the fourth quarter valued at approximately $288,000. Finally, Parallel Advisors LLC boosted its holdings in shares of Allstate by 3.0% in the fourth quarter. Parallel Advisors LLC now owns 8,017 shares of the insurance provider's stock valued at $1,546,000 after purchasing an additional 235 shares during the period. Institutional investors own 76.47% of the company's stock.

Analyst Ratings Changes

ALL has been the subject of a number of analyst reports. Barclays lowered their target price on Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a report on Monday, January 6th. 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. Argus raised Allstate from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. Piper Sandler increased their target price on shares of Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods raised their price target 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $217.94.

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Allstate Trading Down 1.7 %

ALL traded down $3.58 during mid-day trading on Friday, reaching $206.60. The stock had a trading volume of 2,886,777 shares, compared to its average volume of 1,504,232. 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 quick ratio of 0.40 and a current ratio of 0.36. The stock has a market capitalization of $54.76 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.01 and a beta of 0.47. The firm's fifty day simple moving average is $193.75 and its two-hundred day simple moving average is $193.09.

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, beating 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%. On average, equities analysts predict that The Allstate Co. will post 18.74 EPS for the current year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $1.00 dividend. This is a boost from Allstate's previous quarterly dividend of $0.92. The ex-dividend date is Monday, March 10th. This represents a $4.00 annualized dividend and a dividend yield of 1.94%. Allstate's payout ratio is currently 23.54%.

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

Insider Transactions at Allstate

In related 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.