The Allstate Co. (NYSE:ALL) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its stake in The Allstate Co. (NYSE:ALL - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,174 shares of the insurance provider's stock after selling 46,328 shares during the period. Sei Investments Co. owned approximately 0.14% of Allstate worth $70,403,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC grew its holdings in Allstate by 46.6% during the 4th quarter. Mizuho Securities USA LLC now owns 25,097 shares of the insurance provider's stock valued at $4,838,000 after purchasing an additional 7,975 shares in the last quarter. ZEGA Investments LLC purchased a new position in Allstate in the 4th quarter valued at about $209,000. Millstone Evans Group LLC purchased a new position in Allstate in the 4th quarter valued at about $272,000. Adams Diversified Equity Fund Inc. increased its position in shares of Allstate by 18.4% during the fourth quarter. Adams Diversified Equity Fund Inc. now owns 123,700 shares of the insurance provider's stock worth $23,848,000 after acquiring an additional 19,200 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Allstate by 28.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 6,556 shares of the insurance provider's stock worth $1,264,000 after acquiring an additional 1,469 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 18,115 shares in the company, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company's stock.

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Allstate Stock Performance

NYSE ALL traded up $0.10 during trading hours on Thursday, reaching $209.38. The company's stock had a trading volume of 1,827,467 shares, compared to its average volume of 1,496,044. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $195.10 and a 200 day simple moving average of $193.54. The Allstate Co. has a 52 week low of $156.66 and a 52 week high of $212.91. The stock has a market cap of $55.49 billion, a PE ratio of 12.32, a PEG ratio of 1.01 and a beta of 0.47.

Allstate (NYSE:ALL - Get Free Report) last announced 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%. Equities research analysts predict that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, March 10th. This represents a $4.00 annualized dividend and a dividend yield of 1.91%. This is a positive change from Allstate's previous quarterly dividend of $0.92. Allstate's dividend payout ratio is currently 23.54%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ALL shares. Argus upgraded Allstate from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Barclays reduced their target price on Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a research note on Monday, January 6th. Evercore ISI upgraded shares of Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. Wells Fargo & Company increased their price objective on shares of Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Allstate from $235.00 to $240.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Allstate has a consensus rating of "Moderate Buy" and an average target price of $217.94.

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.