1,457 Shares in The Allstate Co. (NYSE:ALL) Acquired by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. purchased a new stake in The Allstate Co. (NYSE:ALL) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,457 shares of the insurance provider’s stock, valued at approximately $204,000.

Several other institutional investors also recently made changes to their positions in ALL. Legacy Financial Advisors Inc. grew its stake in Allstate by 2.8% during the fourth quarter. Legacy Financial Advisors Inc. now owns 3,367 shares of the insurance provider’s stock worth $471,000 after buying an additional 91 shares during the period. Axxcess Wealth Management LLC acquired a new position in shares of Allstate during the 4th quarter valued at $286,000. Sapient Capital LLC purchased a new stake in Allstate during the 4th quarter worth $701,000. Merit Financial Group LLC purchased a new position in Allstate in the fourth quarter valued at about $259,000. Finally, 9258 Wealth Management LLC raised its position in Allstate by 10.9% in the fourth quarter. 9258 Wealth Management LLC now owns 10,034 shares of the insurance provider’s stock valued at $1,405,000 after purchasing an additional 987 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Price Performance

NYSE ALL traded down $1.00 on Friday, reaching $168.18. 1,668,295 shares of the stock traded hands, compared to its average volume of 1,508,644. The Allstate Co. has a 12 month low of $100.57 and a 12 month high of $177.37. The company has a quick ratio of 0.37, a current ratio of 0.36 and a debt-to-equity ratio of 0.48. The firm’s fifty day simple moving average is $166.06 and its 200 day simple moving average is $150.95. The company has a market cap of $44.39 billion, a price-to-earnings ratio of 37.13, a P/E/G ratio of 0.40 and a beta of 0.51.

Allstate (NYSE:ALL) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, beating the consensus estimate of $4.11 by $1.02. The business had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted ($1.30) earnings per share. As a group, research analysts predict that The Allstate Co. will post 14.04 EPS for the current fiscal year.

Allstate Increases Dividend

The business also recently disclosed 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 annualized dividend and a yield of 2.19%. The ex-dividend date was Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. Allstate’s payout ratio is presently 81.24%.

Insider Buying and Selling at Allstate

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 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 in the company, valued at approximately $10,847,016.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Allstate news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction dated 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 transaction, 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 document filed with the SEC, which is available at this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of the business’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 transaction, the chief accounting officer now directly owns 10,736 shares in the company, valued at $1,712,069.92. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on ALL shares. JPMorgan Chase & Co. raised their target price on Allstate from $185.00 to $193.00 and gave the company an “overweight” rating in a report on Thursday. Jefferies Financial Group upgraded shares of Allstate from a “hold” rating to a “buy” rating and lifted their price objective for the company from $130.00 to $180.00 in a research note on Tuesday, January 9th. UBS Group upped their target price on shares of Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, February 12th. The Goldman Sachs Group boosted their price objective on shares of Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Finally, Piper Sandler upped their price objective on shares of Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.18.

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.