Fiduciary Group LLC Invests $226,000 in The Allstate Co. (NYSE:ALL)

Fiduciary Group LLC acquired a new position in shares of The Allstate Co. (NYSE:ALL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,616 shares of the insurance provider’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ellsworth Advisors LLC bought a new position in shares of Allstate during the 4th quarter worth about $4,312,000. SteelPeak Wealth LLC lifted its holdings in Allstate by 175.2% during the 4th quarter. SteelPeak Wealth LLC now owns 15,682 shares of the insurance provider’s stock valued at $2,209,000 after purchasing an additional 9,984 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Allstate by 484.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 332,104 shares of the insurance provider’s stock valued at $46,488,000 after purchasing an additional 275,319 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in Allstate by 214.6% during the 4th quarter. Meeder Asset Management Inc. now owns 1,570 shares of the insurance provider’s stock valued at $220,000 after purchasing an additional 1,071 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in Allstate by 88.7% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 24,496 shares of the insurance provider’s stock valued at $3,429,000 after purchasing an additional 11,512 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Allstate Trading Down 0.3 %

Shares of NYSE:ALL opened at $169.58 on Tuesday. The Allstate Co. has a one year low of $100.57 and a one year high of $176.93. The company has a 50 day moving average of $165.25 and a 200-day moving average of $150.02. 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 issued its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, topping the consensus estimate of $3.87 by $1.95. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The company had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $12.69 billion. During the same quarter in the previous year, the company earned ($1.36) EPS. Allstate’s revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that The Allstate Co. will post 13.44 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a yield of 2.17%. This is a boost from Allstate’s previous quarterly dividend of $0.89. Allstate’s payout ratio is currently -296.77%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ALL shares. Wells Fargo & Company lifted their price target on shares of Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a report on Thursday, April 11th. Raymond James lifted their price target on shares of Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. The Goldman Sachs Group lifted their price target on shares of Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a report on Monday, March 25th. Jefferies Financial Group raised shares of Allstate from a “hold” rating to a “buy” rating and lifted their price target for the company from $130.00 to $180.00 in a report on Tuesday, January 9th. Finally, BMO Capital Markets boosted their target price on shares of Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a research note on Friday, January 19th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.71.

Insider Activity at Allstate

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

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.