Auxano Advisors LLC Acquires New Position in The Allstate Co. (NYSE:ALL)

Auxano Advisors LLC purchased a new position in The Allstate Co. (NYSE:ALL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,741 shares of the insurance provider’s stock, valued at approximately $804,000.

A number of other large investors have also modified their holdings of ALL. Gradient Investments LLC grew its holdings in shares of Allstate by 1.6% during the fourth quarter. Gradient Investments LLC now owns 4,130 shares of the insurance provider’s stock worth $578,000 after purchasing an additional 66 shares during the last quarter. SVB Wealth LLC increased its holdings in shares of Allstate by 1.2% in the 4th quarter. SVB Wealth LLC now owns 6,169 shares of the insurance provider’s stock valued at $864,000 after acquiring an additional 72 shares during the period. AdvisorNet Financial Inc boosted its stake in Allstate by 1.5% during the 4th quarter. AdvisorNet Financial Inc now owns 5,384 shares of the insurance provider’s stock worth $754,000 after purchasing an additional 82 shares during the period. Carmel Capital Partners LLC grew its position in Allstate by 19.2% during the 3rd quarter. Carmel Capital Partners LLC now owns 516 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 83 shares during the last quarter. Finally, Ausdal Financial Partners Inc. increased its stake in Allstate by 3.8% in the fourth quarter. Ausdal Financial Partners Inc. now owns 2,405 shares of the insurance provider’s stock valued at $337,000 after purchasing an additional 89 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

ALL has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective on Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a research report on Friday, January 19th. Roth Mkm boosted their price objective on shares of Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 8th. JPMorgan Chase & Co. raised their price target on Allstate from $172.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Raymond James lifted their price objective on Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. Finally, TD Cowen began coverage on Allstate in a report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.71.

Allstate Price Performance

ALL traded up $0.48 on Tuesday, reaching $170.06. The company’s stock had a trading volume of 1,124,491 shares, compared to its average volume of 1,668,506. 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 Allstate Co. has a 1 year low of $100.57 and a 1 year high of $176.93. The business’s 50 day moving average is $165.25 and its 200 day moving average is $150.02.

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 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 company had revenue of $14.83 billion during the quarter, compared to the consensus estimate of $12.69 billion. During the same quarter in the previous year, the firm earned ($1.36) EPS. The company’s revenue was up 8.7% on a year-over-year basis. Research analysts anticipate that The Allstate Co. will post 13.44 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio (DPR) is currently -296.77%.

Insider Transactions at Allstate

In other news, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the sale, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $5,276,200.00. Following the transaction, 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. 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.