1,626 Shares in The Allstate Co. (NYSE:ALL) Purchased by FLC Capital Advisors

FLC Capital Advisors acquired a new stake in The Allstate Co. (NYSE:ALL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,626 shares of the insurance provider’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALL. Well Done LLC bought a new position in shares of Allstate during the fourth quarter valued at approximately $232,000. West Oak Capital LLC boosted its position in shares of Allstate by 60.5% during the fourth quarter. West Oak Capital LLC now owns 663 shares of the insurance provider’s stock worth $100,000 after buying an additional 250 shares during the period. Planned Solutions Inc. acquired a new stake in Allstate in the fourth quarter worth approximately $53,000. Columbia Trust Co 01012016 lifted its position in Allstate by 10.7% in the fourth quarter. Columbia Trust Co 01012016 now owns 8,567 shares of the insurance provider’s stock worth $1,199,000 after purchasing an additional 828 shares during the period. Finally, Cultivar Capital Inc. acquired a new stake in Allstate in the fourth quarter worth approximately $260,000. 76.47% of the stock is owned by institutional investors.

Insider Transactions at Allstate

In related news, CAO John C. Pintozzi sold 4,000 shares of the firm’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 value of $637,880.00. Following the completion of the sale, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

ALL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Allstate from $164.00 to $172.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Wells Fargo & Company increased their price objective on Allstate from $112.00 to $145.00 and gave the company an “underweight” rating in a research report on Friday, February 9th. Raymond James increased their price objective on Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. The Goldman Sachs Group increased their price objective on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods increased their price objective on Allstate from $171.00 to $181.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.56.

Allstate Stock Up 1.9 %

Shares of NYSE ALL traded up $3.17 during mid-day trading on Thursday, hitting $173.01. The company had a trading volume of 1,603,149 shares, compared to its average volume of 1,770,253. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.51. The business’s 50-day simple moving average is $159.13 and its 200-day simple moving average is $140.17. The Allstate Co. has a 12 month low of $100.57 and a 12 month high of $173.47.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (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 firm had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. During the same quarter in the prior year, the business posted ($1.36) earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, research analysts anticipate that The Allstate Co. will post 13.11 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 4th will be issued a dividend of $0.92 per share. This is a positive change from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date is Friday, March 1st. This represents a $3.68 annualized dividend and a dividend yield of 2.13%. 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.