Vinva Investment Management Ltd Has $1.65 Million Holdings in The Allstate Co. (NYSE:ALL)

Vinva Investment Management Ltd trimmed its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,568 shares of the insurance provider's stock after selling 1,625 shares during the period. Vinva Investment Management Ltd's holdings in Allstate were worth $1,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ALL. VSM Wealth Advisory LLC acquired a new position in shares of Allstate in the fourth quarter valued at $25,000. FSA Wealth Management LLC acquired a new position in shares of Allstate in the third quarter valued at $26,000. Twin Tree Management LP acquired a new position in shares of Allstate in the fourth quarter valued at $27,000. Vision Financial Markets LLC acquired a new position in shares of Allstate in the fourth quarter valued at $29,000. Finally, Hopwood Financial Services Inc. acquired a new position in shares of Allstate in the fourth quarter valued at $29,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of the company'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 value of $7,480,226.06. Following the completion of the transaction, the chief financial officer now owns 18,115 shares of the company's stock, valued at $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.80% of the company's stock.

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Allstate Price Performance

ALL traded down $3.58 on Friday, hitting $206.60. 2,886,777 shares of the stock were exchanged, compared to its average volume of 1,504,232. The firm has a market capitalization of $54.76 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.01 and a beta of 0.47. 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 Allstate Co. has a 12 month low of $156.66 and a 12 month high of $212.91. The business has a 50-day moving average of $193.75 and a two-hundred day moving average of $193.07.

Allstate (NYSE:ALL - Get Free Report) last posted 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%. Sell-side analysts forecast that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate declared that its board has initiated 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 buy up to 3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Allstate Increases Dividend

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

Analysts Set New Price Targets

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