Yardley Wealth Management LLC Has $731,000 Stock Holdings in The Allstate Co. (NYSE:ALL)

Yardley Wealth Management LLC raised its stake in The Allstate Co. (NYSE:ALL) by 100.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,824 shares of the insurance provider’s stock after acquiring an additional 1,912 shares during the period. Yardley Wealth Management LLC’s holdings in Allstate were worth $731,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALL. Patten & Patten Inc. TN bought a new position in shares of Allstate in the 4th quarter valued at $231,000. Sovereign Investment Advisors LLC bought a new position in shares of Allstate in the 4th quarter valued at $388,000. Corient Private Wealth LLC increased its stake in shares of Allstate by 2.4% in the 4th quarter. Corient Private Wealth LLC now owns 243,377 shares of the insurance provider’s stock valued at $46,921,000 after purchasing an additional 5,654 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Allstate by 5.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 52,614 shares of the insurance provider’s stock valued at $10,143,000 after purchasing an additional 2,566 shares during the last quarter. Finally, one8zero8 LLC bought a new position in shares of Allstate in the 4th quarter valued at $303,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Jesse E. Merten sold 40,102 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the transaction, the chief financial officer now directly owns 18,115 shares of the company’s stock, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

Allstate Stock Up 2.8 %

Shares of ALL opened at $207.68 on Monday. The company has a market capitalization of $55.04 billion, a PE ratio of 12.22, a PEG ratio of 1.01 and a beta of 0.47. The Allstate Co. has a 12 month low of $156.66 and a 12 month high of $209.88. The stock’s 50-day moving average price is $191.72 and its two-hundred day moving average price is $192.47. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. On average, analysts anticipate that The Allstate Co. will post 18.74 EPS for the current year.

Allstate declared that its board has authorized a share repurchase program on Wednesday, February 26th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from Allstate’s previous quarterly dividend of $0.92. The ex-dividend date is Monday, March 10th. Allstate’s payout ratio is currently 23.54%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ALL. Keefe, Bruyette & Woods lifted their price target on Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Argus upgraded Allstate from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Barclays reduced their price objective on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research report on Monday, January 6th. Finally, Wells Fargo & Company boosted their price objective on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $217.94.

Allstate Company 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.