The Allstate Co. (NYSE:ALL) Stock Position Lifted by Lbp Am Sa

Lbp Am Sa lifted its stake in shares of The Allstate Co. (NYSE:ALL) by 524.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,860 shares of the insurance provider’s stock after purchasing an additional 25,919 shares during the quarter. Lbp Am Sa’s holdings in Allstate were worth $5,949,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. FSA Wealth Management LLC bought a new stake in shares of Allstate in the 3rd quarter worth $26,000. Vision Financial Markets LLC acquired a new stake in Allstate during the 4th quarter valued at $29,000. Hopwood Financial Services Inc. purchased a new stake in Allstate in the 4th quarter worth about $29,000. Peoples Bank KS purchased a new stake in shares of Allstate in the fourth quarter worth approximately $49,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Allstate during the 4th quarter valued at $53,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

Allstate stock opened at $207.68 on Friday. The Allstate Co. has a 1 year low of $156.66 and a 1 year high of $209.88. The company’s 50-day moving average is $191.72 and its two-hundred day moving average is $192.38. 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 company has a market cap of $55.04 billion, a PE ratio of 12.22, a PEG ratio of 1.01 and a beta of 0.47.

Allstate (NYSE:ALL) last released 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%. Equities analysts anticipate that The Allstate Co. will post 18.74 earnings per share for the current year.

Allstate declared that its Board of Directors has initiated a stock repurchase 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 often a sign that the company’s leadership believes its shares are undervalued.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.00 dividend on an annualized basis and a yield of 1.93%. This is a boost from Allstate’s previous quarterly dividend of $0.92. Allstate’s dividend payout ratio (DPR) is 23.54%.

Insider Transactions at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 18,115 shares in the company, valued at approximately $3,378,990.95. The trade was a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on ALL shares. Wells Fargo & Company lifted their target price 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. The Goldman Sachs Group lifted their price target on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Piper Sandler lifted their target price on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Argus upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, Barclays decreased their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.