Crawford Investment Counsel Inc. Sells 6,780 Shares of The Allstate Corporation $ALL

Crawford Investment Counsel Inc. trimmed its position in The Allstate Corporation (NYSE:ALL) by 20.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,721 shares of the insurance provider’s stock after selling 6,780 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in Allstate were worth $5,736,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its stake in Allstate by 79.7% during the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares in the last quarter. Barnes Dennig Private Wealth Management LLC lifted its stake in Allstate by 112.3% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 73 shares in the last quarter. Clearstead Trust LLC boosted its holdings in Allstate by 3,800.0% in the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 152 shares during the period. Armstrong Advisory Group Inc. boosted its holdings in Allstate by 72.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 67 shares during the period. Finally, South Plains Financial Inc. grew its position in shares of Allstate by 41.5% during the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 49 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Allstate

In related news, insider Suren Gupta sold 19,593 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the transaction, the insider directly owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. This trade represents a 16.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.

Allstate Stock Performance

NYSE ALL opened at $206.22 on Monday. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $216.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market capitalization of $53.52 billion, a P/E ratio of 5.40, a P/E/G ratio of 0.43 and a beta of 0.23. The company has a fifty day moving average of $204.52 and a 200-day moving average of $204.71.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The business had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter in the prior year, the firm earned $7.67 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be given a dividend of $1.08 per share. This is a boost from Allstate’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, March 2nd. This represents a $4.32 annualized dividend and a dividend yield of 2.1%. Allstate’s dividend payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $220.00 price objective on shares of Allstate in a research report on Thursday, February 5th. Wells Fargo & Company reduced their target price on Allstate from $228.00 to $227.00 and set an “equal weight” rating for the company in a research report on Friday, February 20th. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a research note on Wednesday, January 21st. William Blair cut Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Finally, Zacks Research upgraded Allstate from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.88.

Allstate Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.