The Allstate Co. (NYSE:ALL) Shares Bought by Yardley Wealth Management LLC

Yardley Wealth Management LLC increased its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 100.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,824 shares of the insurance provider's stock after buying an additional 1,912 shares during the quarter. Yardley Wealth Management LLC's holdings in Allstate were worth $731,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. United Bank purchased a new stake in shares of Allstate during the third quarter valued at approximately $209,000. Entropy Technologies LP purchased a new stake in shares of Allstate in the third quarter worth $284,000. Harbour Investments Inc. raised its position in Allstate by 5.4% during the third quarter. Harbour Investments Inc. now owns 2,503 shares of the insurance provider's stock valued at $475,000 after purchasing an additional 128 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Allstate by 4.1% during the third quarter. Oppenheimer & Co. Inc. now owns 12,552 shares of the insurance provider's stock valued at $2,380,000 after purchasing an additional 491 shares in the last quarter. Finally, Curi RMB Capital LLC purchased a new position in shares of Allstate in the third quarter worth about $224,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Up 2.6 %

Allstate stock traded up $5.33 during mid-day trading on Thursday, reaching $210.20. 2,542,703 shares of the company's stock were exchanged, compared to its average volume of 1,501,458. The Allstate Co. has a twelve month low of $156.66 and a twelve month high of $212.96. The company has a fifty day moving average of $192.87 and a 200-day moving average of $192.82. The company has a market cap of $55.71 billion, a P/E ratio of 12.37, a P/E/G ratio of 1.01 and a beta of 0.47. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42.

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Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data 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 net margin of 7.28% and a return on equity of 28.20%. Sell-side analysts expect that The Allstate Co. will post 18.74 EPS for the current year.

Allstate announced that its board has authorized a stock repurchase plan on Wednesday, February 26th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the insurance provider to reacquire up to 3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are 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 issued a dividend of $1.00 per share. The ex-dividend date is Monday, March 10th. This is an increase from Allstate's previous quarterly dividend of $0.92. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.90%. Allstate's payout ratio is 23.54%.

Insider Activity at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of the business'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. The trade was a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ALL has been the topic of several recent analyst reports. Argus raised Allstate from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods boosted their price target on Allstate from $235.00 to $240.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Piper Sandler boosted their price objective on shares of Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. Barclays decreased their target price on shares of Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a research note on Monday, January 6th. Finally, Evercore ISI raised shares of Allstate from an "in-line" rating to an "outperform" rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Allstate has an average rating of "Moderate Buy" and an average price target of $217.94.

Allstate 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.