Yousif Capital Management LLC Sells 1,980 Shares of The Allstate Co. (NYSE:ALL)

Yousif Capital Management LLC lowered its position in shares of The Allstate Co. (NYSE:ALL) by 4.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 44,048 shares of the insurance provider’s stock after selling 1,980 shares during the quarter. Yousif Capital Management LLC’s holdings in Allstate were worth $6,166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ALL. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Allstate during the 3rd quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Allstate during the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC increased its stake in shares of Allstate by 152.7% during the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 168 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Allstate during the 4th quarter worth approximately $43,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Allstate during the 3rd quarter worth approximately $48,000. Institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Allstate from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. 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. BMO Capital Markets lifted 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. Evercore ISI lifted their price objective on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Finally, HSBC upgraded shares of Allstate from a “hold” rating to a “buy” rating and lifted their price objective for the company from $158.00 to $190.00 in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.71.

Allstate Price Performance

Allstate stock opened at $172.25 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a fifty day simple moving average of $164.92 and a two-hundred day simple moving average of $148.75. The Allstate Co. has a twelve month low of $100.57 and a twelve month high of $176.93.

Allstate (NYSE:ALL) last released its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $1.95. The firm had revenue of $14.83 billion for the quarter, compared to analysts’ expectations of $12.69 billion. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.36) earnings per share. On average, research analysts predict that The Allstate Co. will post 13.44 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently announced 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 is a positive change from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.14%. Allstate’s payout ratio is presently -296.77%.

Insider Activity at Allstate

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of Allstate 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 sale, 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 legal filing with the SEC, which is accessible through this hyperlink. In other 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 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 in the company, valued at $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

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.