The Allstate Co. (NYSE:ALL) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its stake in shares of The Allstate Co. (NYSE:ALL) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,048 shares of the insurance provider’s stock after selling 1,980 shares during the period. Yousif Capital Management LLC’s holdings in Allstate were worth $6,166,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALL. Vanguard Group Inc. increased its position in Allstate by 11.5% during the third quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock worth $3,595,266,000 after purchasing an additional 3,322,673 shares during the last quarter. Invesco Ltd. grew its stake in Allstate by 46.6% during the third quarter. Invesco Ltd. now owns 4,121,941 shares of the insurance provider’s stock worth $459,225,000 after buying an additional 1,311,095 shares during the period. Diamond Hill Capital Management Inc. grew its stake in Allstate by 23.0% during the third quarter. Diamond Hill Capital Management Inc. now owns 4,184,211 shares of the insurance provider’s stock worth $466,163,000 after buying an additional 782,696 shares during the period. Nordea Investment Management AB grew its stake in Allstate by 49.5% during the third quarter. Nordea Investment Management AB now owns 1,640,174 shares of the insurance provider’s stock worth $183,388,000 after buying an additional 542,842 shares during the period. Finally, Morgan Stanley grew its stake in Allstate by 16.9% during the third quarter. Morgan Stanley now owns 3,701,607 shares of the insurance provider’s stock worth $412,396,000 after buying an additional 536,137 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Activity at Allstate

In related news, 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, 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 transaction of $5,276,200.00. Following the completion of the transaction, the insider now owns 63,731 shares in the company, valued at approximately $10,847,016.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the firm’s 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 transaction, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Allstate Trading Down 0.0 %

ALL stock opened at $172.25 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.51. The Allstate Co. has a fifty-two week low of $100.57 and a fifty-two week high of $176.93. The firm’s 50-day simple moving average is $164.92 and its 200 day simple moving average is $148.75.

Allstate (NYSE:ALL) last released its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $1.95. The business 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 last year, the company earned ($1.36) EPS. Analysts predict that The Allstate Co. will post 13.44 EPS for the current year.

Allstate Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ALL shares. Wells Fargo & Company upped their target price on shares of Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $181.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. TheStreet upgraded shares of Allstate from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. Piper Sandler upped their target price on shares of Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, UBS Group increased their price objective 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and a consensus price target of $173.71.

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.