Nadler Financial Group Inc. Sells 110 Shares of The Allstate Co. (NYSE:ALL)

Nadler Financial Group Inc. reduced its holdings in The Allstate Co. (NYSE:ALL) by 2.9% in the 4th quarter, Holdings Channel reports. The fund owned 3,666 shares of the insurance provider’s stock after selling 110 shares during the quarter. Nadler Financial Group Inc.’s holdings in Allstate were worth $513,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ALL. Vanguard Group Inc. boosted its stake in Allstate by 11.5% in the 3rd quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock worth $3,595,266,000 after purchasing an additional 3,322,673 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Allstate by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,926,917 shares of the insurance provider’s stock worth $660,318,000 after buying an additional 172,250 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Allstate by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 4,239,513 shares of the insurance provider’s stock worth $472,324,000 after buying an additional 53,821 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in Allstate by 23.0% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 4,184,211 shares of the insurance provider’s stock valued at $466,163,000 after buying an additional 782,696 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Allstate by 46.6% in 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 in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

Allstate stock traded down $3.21 during trading hours on Friday, hitting $169.13. The company had a trading volume of 504,032 shares, compared to its average volume of 1,670,719. The Allstate Co. has a one year low of $100.57 and a one year high of $176.93. The firm has a 50-day moving average of $164.92 and a 200 day moving average of $148.75. 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:ALL) last issued its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $1.95. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The firm had revenue of $14.83 billion for the quarter, compared to analyst estimates of $12.69 billion. During the same period in the prior year, the firm posted ($1.36) EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that The Allstate Co. will post 13.44 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.92 dividend. The ex-dividend date was Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a yield of 2.18%. This is an increase from Allstate’s previous quarterly dividend of $0.89. Allstate’s payout ratio is currently -296.77%.

Wall Street Analysts Forecast Growth

ALL has been the subject of several research reports. The Goldman Sachs Group raised their price target on shares of Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Wells Fargo & Company raised their target price on shares of Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a research report on Thursday, April 11th. Evercore ISI boosted their price target on shares of Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Morgan Stanley raised their price objective on Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Roth Mkm lifted their target price on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and an average target price of $173.71.

Insiders Place Their Bets

In other news, CAO John C. Pintozzi sold 4,000 shares of Allstate 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 directly owns 10,736 shares in the company, valued at $1,712,069.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the firm’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 transaction, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John E. Dugenske sold 31,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following the sale, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The disclosure for this sale can be found here. Company 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.