Little House Capital LLC Invests $2.08 Million in The Allstate Corporation $ALL

Little House Capital LLC bought a new stake in shares of The Allstate Corporation (NYSE:ALL) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,019 shares of the insurance provider’s stock, valued at approximately $2,077,000.

A number of other hedge funds have also recently made changes to their positions in the stock. MV Capital Management Inc. purchased a new position in Allstate in the 4th quarter worth about $25,000. Dorato Capital Management purchased a new stake in Allstate in the 4th quarter valued at about $27,000. Navalign LLC purchased a new stake in Allstate in the 4th quarter valued at about $27,000. Evolution Wealth Management Inc. grew its stake in Allstate by 7,000.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its stake in Allstate by 101.3% in the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 76 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $242.00 to $255.00 and gave the company a “market perform” rating in a research note on Wednesday, July 8th. Morgan Stanley increased their price objective on Allstate from $215.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Zacks Research downgraded Allstate from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Citigroup upped their target price on Allstate from $221.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, UBS Group downgraded Allstate from a “buy” rating to a “neutral” rating and increased their price target for the stock from $255.00 to $261.00 in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and an average target price of $254.80.

Insider Activity

In related news, insider Mark Q. Prindiville sold 1,550 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $216.27, for a total transaction of $335,218.50. Following the completion of the sale, the insider directly owned 27,558 shares in the company, valued at $5,959,968.66. This represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Mario Rizzo sold 18,578 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $218.80, for a total value of $4,064,866.40. Following the sale, the chief operating officer directly owned 82,227 shares in the company, valued at approximately $17,991,267.60. The trade was a 18.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 22,353 shares of company stock worth $4,851,560. 1.55% of the stock is currently owned by company insiders.

Allstate Price Performance

NYSE ALL opened at $249.84 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.36 and a current ratio of 0.36. The firm’s 50 day moving average price is $227.29 and its 200-day moving average price is $214.36. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $257.67. The company has a market cap of $64.31 billion, a PE ratio of 5.51, a P/E/G ratio of 0.43 and a beta of 0.16.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. The company had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. Allstate’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.53 earnings per share. Sell-side analysts forecast that The Allstate Corporation will post 30.4 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be issued a $1.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.7%. Allstate’s dividend payout ratio (DPR) is currently 9.53%.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.