Wealth Alliance Sells 212 Shares of The Allstate Co. (NYSE:ALL)

Wealth Alliance decreased its holdings in shares of The Allstate Co. (NYSE:ALL) by 5.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,831 shares of the insurance provider’s stock after selling 212 shares during the period. Wealth Alliance’s holdings in Allstate were worth $536,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ALL. Annis Gardner Whiting Capital Advisors LLC bought a new position in Allstate in the third quarter worth approximately $25,000. First Capital Advisors Group LLC. bought a new position in Allstate in the second quarter worth approximately $29,000. Cowa LLC bought a new position in Allstate in the first quarter worth approximately $30,000. RVW Wealth LLC bought a new position in Allstate in the third quarter worth approximately $33,000. Finally, Chilton Capital Management LLC bought a new position in Allstate in the first quarter worth approximately $33,000. Institutional investors own 76.47% of the company’s stock.

Allstate Trading Down 0.8 %

Shares of Allstate stock opened at $162.92 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $163.44 and its 200 day moving average price is $146.44. The Allstate Co. has a twelve month low of $100.57 and a twelve month high of $174.57. The firm has a market capitalization of $42.86 billion, a PE ratio of -131.39, a P/E/G ratio of 0.41 and a beta of 0.52.

Allstate (NYSE:ALL) last released its earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $12.69 billion. During the same period last year, the company posted ($1.36) EPS. The business’s revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts predict that The Allstate Co. will post 13.41 EPS for the current fiscal year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.26%. 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 -296.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ALL. Evercore ISI increased their price objective on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. TheStreet upgraded Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Keefe, Bruyette & Woods increased their price objective on Allstate from $181.00 to $189.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Morgan Stanley increased their price objective on Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a report on Monday. Finally, Wells Fargo & Company increased their price objective on Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $173.71.

Insiders Place Their Bets

In other news, insider John E. Dugenske sold 31,000 shares of Allstate 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 sale, 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 filing with the SEC, which can be accessed through this link. In other Allstate news, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was 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 of the company’s stock, 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.

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.