Knights of Columbus Asset Advisors LLC Buys 6,196 Shares of The Allstate Co. (NYSE:ALL)

Knights of Columbus Asset Advisors LLC increased its stake in The Allstate Co. (NYSE:ALL) by 13.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,886 shares of the insurance provider’s stock after purchasing an additional 6,196 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Allstate were worth $7,123,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sei Investments Co. increased its position in Allstate by 40.2% during the first quarter. Sei Investments Co. now owns 187,869 shares of the insurance provider’s stock valued at $26,022,000 after acquiring an additional 53,824 shares during the last quarter. Prudential PLC purchased a new stake in shares of Allstate during the 1st quarter valued at about $1,325,000. Cetera Investment Advisers increased its position in shares of Allstate by 13.9% during the 1st quarter. Cetera Investment Advisers now owns 23,536 shares of the insurance provider’s stock valued at $3,260,000 after purchasing an additional 2,874 shares during the last quarter. Dakota Wealth Management bought a new position in shares of Allstate in the 1st quarter worth approximately $270,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Allstate by 36.2% in the first quarter. Sequoia Financial Advisors LLC now owns 3,237 shares of the insurance provider’s stock worth $448,000 after buying an additional 860 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of ALL traded up $4.21 during mid-day trading on Friday, hitting $173.32. 1,180,944 shares of the company’s stock were exchanged, compared to its average volume of 1,678,474. The stock’s 50-day moving average is $163.59 and its 200-day moving average is $146.60. The Allstate Co. has a fifty-two week low of $100.57 and a fifty-two week high of $174.57. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.51.

Allstate (NYSE:ALL) last announced its quarterly 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. 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 for the quarter, compared to analyst estimates of $12.69 billion. During the same period in the prior year, the firm posted ($1.36) earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. On average, analysts forecast that The Allstate Co. will post 13.5 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.12%. 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 payout ratio is -296.77%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ALL. TD Cowen began coverage on shares of Allstate in a report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 target price for the company. Evercore ISI upped their target price on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Jefferies Financial Group raised shares of Allstate from a “hold” rating to a “buy” rating and upped their target price for the company from $130.00 to $180.00 in a report on Tuesday, January 9th. The Goldman Sachs Group upped their price target on shares of Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, Morgan Stanley upped their target price on shares of Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $173.71.

Insider Transactions at Allstate

In related news, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 63,731 shares in the company, 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.

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.