Dai ichi Life Insurance Company Ltd Has $950,000 Stake in The Allstate Co. (NYSE:ALL)

Dai ichi Life Insurance Company Ltd cut its position in The Allstate Co. (NYSE:ALL) by 5.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,785 shares of the insurance provider’s stock after selling 395 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Allstate were worth $950,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Allstate during the third quarter worth $25,000. Private Wealth Management Group LLC acquired a new position in Allstate during the fourth quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Allstate in the fourth quarter worth about $36,000. Venturi Wealth Management LLC boosted its stake in shares of Allstate by 152.7% in the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 168 shares in the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in Allstate during the 4th quarter worth approximately $43,000. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

In other Allstate news, insider John E. Dugenske sold 31,000 shares of the company’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 transaction, the insider now owns 63,731 shares in the company, valued at approximately $10,847,016.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the insider now directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Roth Mkm boosted their target price on shares of Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. HSBC upgraded Allstate from a “hold” rating to a “buy” rating and increased their target price for the company from $158.00 to $190.00 in a research report on Thursday, March 28th. Wells Fargo & Company boosted their price target on Allstate from $146.00 to $153.00 and gave the stock an “underweight” rating in a report on Friday, May 10th. The Goldman Sachs Group raised their price objective on shares of Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, StockNews.com upgraded shares of Allstate from a “buy” rating to a “strong-buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and an average target price of $174.59.

Allstate Price Performance

Shares of ALL stock traded up $0.84 during trading hours on Friday, hitting $164.84. 988,501 shares of the company’s stock were exchanged, compared to its average volume of 1,404,019. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. The Allstate Co. has a 12-month low of $100.57 and a 12-month high of $177.37. The business’s 50 day simple moving average is $169.02 and its 200-day simple moving average is $155.30. The company has a market capitalization of $43.50 billion, a PE ratio of 36.39, a PEG ratio of 1.55 and a beta of 0.51.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The business had revenue of $15.26 billion during the quarter, compared to analyst estimates of $12.76 billion. During the same period in the prior year, the business posted ($1.30) earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts anticipate that The Allstate Co. will post 15.15 earnings per share for the current year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, May 31st will be issued a dividend of $0.92 per share. The ex-dividend date is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a yield of 2.23%. Allstate’s dividend payout ratio is currently 81.24%.

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.