Fiduciary Group LLC Invests $226,000 in The Allstate Co. (NYSE:ALL)

Fiduciary Group LLC acquired a new position in shares of The Allstate Co. (NYSE:ALL) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,616 shares of the insurance provider’s stock, valued at approximately $226,000.

Several other large investors have also modified their holdings of ALL. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Allstate during the 3rd quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Allstate in the fourth quarter worth $36,000. Venturi Wealth Management LLC boosted its position in shares of Allstate by 152.7% in the fourth quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after buying an additional 168 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in shares of Allstate in the fourth quarter worth $43,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Allstate in the third quarter worth $48,000. 76.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Keefe, Bruyette & Woods raised their target price on Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. raised their target price on Allstate from $172.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. BMO Capital Markets raised their target price on Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a research report on Friday, January 19th. Wells Fargo & Company lifted their price objective on Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a research report on Thursday, April 11th. Finally, TD Cowen began coverage on Allstate in a report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and an average price target of $173.71.

Insider Buying and Selling

In other Allstate news, insider John E. Dugenske sold 31,000 shares of Allstate 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 $10,847,016.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John E. Dugenske sold 31,000 shares of the business’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 completion of the transaction, the insider now 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. 1.80% of the stock is owned by company insiders.

Allstate Stock Down 0.3 %

Allstate stock opened at $169.58 on Tuesday. 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 business’s 50-day simple moving average is $165.25 and its 200-day simple moving average is $150.02. The Allstate Co. has a 52 week low of $100.57 and a 52 week high of $176.93.

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 positive return on equity of 2.67% and a negative net margin of 0.33%. The business had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $12.69 billion. During the same period last year, the business earned ($1.36) earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, analysts forecast that The Allstate Co. will post 13.44 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a dividend of $0.92 per share. The ex-dividend date was Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 2.17%. Allstate’s dividend payout ratio (DPR) is -296.77%.

Allstate Company Profile

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.