The Allstate Co. (NYSE:ALL) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC reduced its stake in shares of The Allstate Co. (NYSE:ALL) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,590 shares of the insurance provider’s stock after selling 210 shares during the period. Allstate accounts for about 1.0% of Uncommon Cents Investing LLC’s holdings, making the stock its 27th biggest position. Uncommon Cents Investing LLC’s holdings in Allstate were worth $3,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in Allstate by 484.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 332,104 shares of the insurance provider’s stock worth $46,488,000 after acquiring an additional 275,319 shares during the period. QRG Capital Management Inc. purchased a new stake in Allstate in the 3rd quarter worth approximately $2,389,000. Markel Group Inc. grew its stake in Allstate by 10.1% in the 3rd quarter. Markel Group Inc. now owns 141,550 shares of the insurance provider’s stock worth $15,770,000 after acquiring an additional 13,000 shares during the period. Kestra Private Wealth Services LLC grew its stake in Allstate by 42.7% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 12,795 shares of the insurance provider’s stock worth $1,425,000 after acquiring an additional 3,828 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in Allstate by 9.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,261,274 shares of the insurance provider’s stock worth $140,519,000 after acquiring an additional 104,758 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Performance

NYSE ALL opened at $173.02 on Friday. The Allstate Co. has a 52 week low of $100.57 and a 52 week high of $173.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 0.37. The company has a 50-day moving average price of $159.48 and a two-hundred day moving average price of $140.38.

Allstate (NYSE:ALL) last released its earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, beating the consensus estimate of $3.87 by $1.95. The business had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned ($1.36) earnings per share. Sell-side analysts expect that The Allstate Co. will post 13.25 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is -296.77%.

Analyst Upgrades and Downgrades

ALL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Allstate from $171.00 to $181.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. HSBC raised shares of Allstate from a “hold” rating to a “buy” rating and boosted their price objective for the company from $158.00 to $190.00 in a research note on Thursday. UBS Group boosted their price objective 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. BMO Capital Markets boosted their price objective on shares of Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a research note on Friday, January 19th. Finally, TheStreet raised shares of Allstate from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and an average target price of $165.56.

Insider Activity at Allstate

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the 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 owns 10,736 shares in the company, valued at approximately $1,712,069.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the chief accounting officer now owns 10,736 shares in the company, valued at $1,712,069.92. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Allstate 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.