World Investment Advisors Increases Stock Holdings in The Allstate Co. (NYSE:ALL)

World Investment Advisors raised its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,540 shares of the insurance provider's stock after buying an additional 4,010 shares during the quarter. World Investment Advisors' holdings in Allstate were worth $7,237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Apella Capital LLC increased its position in Allstate by 1.9% in the 4th quarter. Apella Capital LLC now owns 3,231 shares of the insurance provider's stock valued at $623,000 after buying an additional 60 shares in the last quarter. Intrust Bank NA increased its holdings in shares of Allstate by 0.5% during the fourth quarter. Intrust Bank NA now owns 12,135 shares of the insurance provider's stock valued at $2,340,000 after acquiring an additional 61 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Allstate by 2.1% during the fourth quarter. Perigon Wealth Management LLC now owns 2,990 shares of the insurance provider's stock valued at $571,000 after acquiring an additional 62 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Allstate by 1.7% in the 4th quarter. Mather Group LLC. now owns 3,616 shares of the insurance provider's stock worth $697,000 after purchasing an additional 62 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 62 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

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Allstate Stock Performance

ALL traded down $18.58 during midday trading on Friday, reaching $186.74. The company had a trading volume of 3,351,598 shares, compared to its average volume of 1,590,545. 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 price of $197.37 and a two-hundred day moving average price of $194.38. The stock has a market cap of $49.49 billion, a PE ratio of 10.99, a P/E/G ratio of 1.01 and a beta of 0.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 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, sell-side analysts expect that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

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.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.00 annualized dividend and a yield of 2.14%. This is a positive change from Allstate's previous quarterly dividend of $0.92. Allstate's dividend payout ratio (DPR) is 23.54%.

Insider Activity at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of Allstate 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 $3,378,990.95. This trade represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ALL has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. StockNews.com downgraded Allstate from a "buy" rating to a "hold" rating in a research note on Monday, March 31st. Evercore ISI raised Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. Barclays cut their target price on Allstate from $187.00 to $183.00 and set an "underweight" rating on the stock in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods increased their price target on Allstate from $235.00 to $240.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Allstate has an average rating of "Moderate Buy" and a consensus price target of $219.80.

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.