The Allstate Co. (NYSE:ALL) Holdings Lifted by DT Investment Partners LLC

DT Investment Partners LLC increased its holdings in shares of The Allstate Co. (NYSE:ALL) by 7.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,834 shares of the insurance provider’s stock after purchasing an additional 274 shares during the quarter. DT Investment Partners LLC’s holdings in Allstate were worth $537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Allstate in the third quarter valued at about $25,000. First Capital Advisors Group LLC. purchased a new position in Allstate in the second quarter valued at about $29,000. Cowa LLC purchased a new position in Allstate in the first quarter valued at about $30,000. RVW Wealth LLC purchased a new position in Allstate in the third quarter valued at about $33,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of Allstate in the first quarter worth about $33,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

ALL has been the subject of a number of analyst reports. Piper Sandler boosted their price target on Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. TheStreet raised Allstate from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods boosted their price target on Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Wells Fargo & Company boosted their price objective on Allstate from $145.00 to $146.00 and gave the stock an “underweight” rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Allstate from $172.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $173.71.

Insider Buying and Selling at Allstate

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the transaction, the chief accounting officer now directly owns 10,736 shares in the company, valued at approximately $1,712,069.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,736 shares in the company, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Allstate Trading Up 2.3 %

Shares of ALL stock traded up $3.85 during trading hours on Friday, hitting $172.96. The company had a trading volume of 2,368,220 shares, compared to its average volume of 1,362,966. The Allstate Co. has a 12 month low of $100.57 and a 12 month high of $174.57. The firm’s fifty day moving average is $163.84 and its 200 day moving average is $147.03. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51.

Allstate (NYSE:ALL) last released its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $1.95. The business had revenue of $14.83 billion for the quarter, compared to analyst estimates of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. Allstate’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned ($1.36) EPS. As a group, equities research analysts forecast that The Allstate Co. will post 13.49 EPS for the current year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.13%. This is a positive change from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. Allstate’s dividend payout ratio (DPR) is presently -296.77%.

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.