Johnson Financial Group Inc. Has $668,000 Position in The Allstate Co. (NYSE:ALL)

Johnson Financial Group Inc. reduced its stake in The Allstate Co. (NYSE:ALL) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,743 shares of the insurance provider’s stock after selling 567 shares during the period. Johnson Financial Group Inc.’s holdings in Allstate were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Allstate by 11.5% in the 3rd quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock valued at $3,595,266,000 after purchasing an additional 3,322,673 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Allstate by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,926,917 shares of the insurance provider’s stock valued at $660,318,000 after purchasing an additional 172,250 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Allstate by 46.6% in the 3rd quarter. Invesco Ltd. now owns 4,121,941 shares of the insurance provider’s stock valued at $459,225,000 after purchasing an additional 1,311,095 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Allstate by 2.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,831,852 shares of the insurance provider’s stock valued at $426,907,000 after purchasing an additional 77,295 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Allstate by 16.9% in the 3rd quarter. Morgan Stanley now owns 3,701,607 shares of the insurance provider’s stock valued at $412,396,000 after purchasing an additional 536,137 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. HSBC upgraded shares of Allstate from a “hold” rating to a “buy” rating and lifted their target price for the stock from $158.00 to $190.00 in a research report on Thursday, March 28th. UBS Group lifted their target price on shares of Allstate from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Piper Sandler lifted their target price on shares of Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, The Goldman Sachs Group lifted their target price on shares of Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $174.59.

Allstate Trading Up 0.5 %

Shares of NYSE ALL traded up $0.84 during midday trading on Friday, reaching $164.84. The stock had a trading volume of 988,501 shares, compared to its average volume of 1,404,019. The firm has a market cap of $43.50 billion, a price-to-earnings ratio of 36.39, a price-to-earnings-growth ratio of 1.55 and a beta of 0.51. The Allstate Co. has a twelve month low of $100.57 and a twelve month high of $177.37. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36. The company’s 50 day moving average price is $169.02 and its 200 day moving average price is $155.48.

Allstate (NYSE:ALL) last released its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, beating the consensus estimate of $4.11 by $1.02. The company had revenue of $15.26 billion during the quarter, compared to analyst estimates of $12.76 billion. Allstate had a net margin of 2.31% and a return on equity of 14.44%. Allstate’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.30) EPS. As a group, sell-side analysts expect that The Allstate Co. will post 15.15 EPS for the current year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, May 31st will be paid a $0.92 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.68 annualized dividend and a dividend yield of 2.23%. Allstate’s dividend payout ratio is currently 81.24%.

Insider Activity

In other news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction on 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 owns 63,731 shares in the company, valued at approximately $10,847,016.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 63,731 shares of the company’s stock, 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 company insiders.

About Allstate

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.