Knights of Columbus Asset Advisors LLC Grows Stock Holdings in The Allstate Co. (NYSE:ALL)

Knights of Columbus Asset Advisors LLC increased its stake in shares of The Allstate Co. (NYSE:ALL) by 13.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 50,886 shares of the insurance provider’s stock after acquiring an additional 6,196 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Allstate were worth $7,123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Sei Investments Co. raised its position in shares of Allstate by 40.2% in the first quarter. Sei Investments Co. now owns 187,869 shares of the insurance provider’s stock valued at $26,022,000 after buying an additional 53,824 shares during the last quarter. Prudential PLC acquired a new position in Allstate during the first quarter worth approximately $1,325,000. Cetera Investment Advisers increased its position in shares of Allstate by 13.9% in the first quarter. Cetera Investment Advisers now owns 23,536 shares of the insurance provider’s stock worth $3,260,000 after acquiring an additional 2,874 shares in the last quarter. Dakota Wealth Management acquired a new stake in shares of Allstate in the first quarter worth $270,000. Finally, Sequoia Financial Advisors LLC boosted its stake 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 valued at $448,000 after purchasing an additional 860 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ALL shares. UBS Group upped their target price 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. Roth Mkm raised their price objective on shares of Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 8th. BMO Capital Markets raised their target price on shares of Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a report on Friday, January 19th. TheStreet upgraded shares of Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Finally, Piper Sandler raised their price objective on shares of Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $173.71.

Insider Buying and Selling

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction dated 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 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 the firm’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 sale, the insider now directly owns 63,731 shares in the company, valued at approximately $10,847,016.20. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Allstate Stock Performance

Allstate stock traded up $4.21 during midday trading on Friday, reaching $173.32. The company’s stock had a trading volume of 1,180,944 shares, compared to its average volume of 1,678,474. The Allstate Co. has a 52 week low of $100.57 and a 52 week high of $174.57. 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 business has a 50-day moving average price of $163.59 and a 200-day moving average price of $146.60.

Allstate (NYSE:ALL) last announced 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. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The business had revenue of $14.83 billion for the quarter, compared to analysts’ expectations of $12.69 billion. During the same period in the prior year, the business posted ($1.36) earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. Analysts expect that The Allstate Co. will post 13.5 EPS for the current fiscal year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a dividend of $0.92 per share. The ex-dividend date was Friday, March 1st. This represents a $3.68 annualized dividend and a yield of 2.12%. This is an increase from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is -296.77%.

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.