The Allstate Co. (NYSE:ALL) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its holdings in The Allstate Co. (NYSE:ALL) by 5.4% in the fourth quarter, Holdings Channel reports. The firm owned 130,440 shares of the insurance provider’s stock after buying an additional 6,704 shares during the period. Illinois Municipal Retirement Fund’s holdings in Allstate were worth $18,259,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Allstate during the 3rd quarter worth about $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Allstate during the 4th quarter valued at about $36,000. Venturi Wealth Management LLC raised 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 valued at $39,000 after buying an additional 168 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of Allstate during the 4th quarter valued at about $43,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of Allstate during the 3rd quarter valued at about $48,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of recent research reports. Evercore ISI lifted their price objective on Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. TD Cowen began coverage on Allstate in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $193.00 price target for the company. Raymond James lifted their price target on Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Wells Fargo & Company lifted their price target on Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group lifted their price target on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $173.71.

Allstate Price Performance

Shares of ALL stock traded up $2.45 during trading hours on Monday, reaching $175.41. The company had a trading volume of 1,594,651 shares, compared to its average volume of 1,694,817. 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 stock has a fifty day moving average of $164.17 and a 200-day moving average of $147.99. The company has a market capitalization of $46.15 billion, a price-to-earnings ratio of -141.46, a PEG ratio of 0.42 and a beta of 0.52. The Allstate Co. has a 12-month low of $100.57 and a 12-month high of $176.12.

Allstate (NYSE:ALL) last posted its quarterly earnings results 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 business had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.36) earnings per share. On average, equities analysts anticipate that The Allstate Co. will post 13.44 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.10%. This is a positive change from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date was Friday, March 1st. Allstate’s dividend payout ratio is presently -296.77%.

Insider Buying and Selling

In related news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction that occurred 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 directly owns 10,736 shares in the company, valued at $1,712,069.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, 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 transaction, the chief accounting officer now directly owns 10,736 shares in the company, valued at $1,712,069.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company 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.