The Allstate Co. (NYSE:ALL) Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky trimmed its position in The Allstate Co. (NYSE:ALLFree Report) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,525 shares of the insurance provider’s stock after selling 250 shares during the period. Independence Bank of Kentucky’s holdings in Allstate were worth $493,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Allstate by 11.5% during the 3rd quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock valued at $3,595,266,000 after acquiring an additional 3,322,673 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Allstate by 123.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,540,295 shares of the insurance provider’s stock valued at $751,264,000 after acquiring an additional 3,064,105 shares during the last quarter. Cowa LLC acquired a new stake in shares of Allstate during the 1st quarter valued at $30,000. Norges Bank acquired a new stake in shares of Allstate during the 4th quarter valued at $190,865,000. Finally, Invesco Ltd. lifted its position in shares of Allstate by 46.6% during the 3rd quarter. Invesco Ltd. now owns 4,121,941 shares of the insurance provider’s stock valued at $459,225,000 after acquiring an additional 1,311,095 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on Allstate from $171.00 to $181.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. BMO Capital Markets increased their target price on Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a report on Friday, January 19th. Wells Fargo & Company increased their target price on Allstate from $112.00 to $145.00 and gave the company an “underweight” rating in a report on Friday, February 9th. The Goldman Sachs Group increased their target price on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, TheStreet upgraded Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $168.69.

View Our Latest Research Report on ALL

Allstate Stock Down 0.0 %

Shares of NYSE:ALL opened at $172.54 on Wednesday. The stock’s 50-day moving average is $160.59 and its 200-day moving average is $141.95. The Allstate Co. has a 52-week low of $100.57 and a 52-week high of $173.77. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.51.

Allstate (NYSE:ALLGet Free Report) last released its earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, beating 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 business had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $12.69 billion. During the same quarter last year, the company earned ($1.36) earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts forecast that The Allstate Co. will post 13.27 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Friday, March 1st. This is a boost from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio (DPR) is presently -296.77%.

Insider Activity at Allstate

In other Allstate news, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $10,847,016.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other 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 transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the sale, the insider now directly 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. 1.70% of the stock is owned by corporate insiders.

Allstate Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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