The Allstate Co. (NYSE:ALL) Holdings Increased by DAVENPORT & Co LLC

DAVENPORT & Co LLC grew its stake in shares of The Allstate Co. (NYSE:ALLFree Report) by 15.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 530,111 shares of the insurance provider’s stock after buying an additional 69,064 shares during the quarter. DAVENPORT & Co LLC owned about 0.20% of Allstate worth $74,164,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ellsworth Advisors LLC bought a new stake in shares of Allstate in the 4th quarter worth approximately $4,312,000. Assenagon Asset Management S.A. raised its holdings in shares of Allstate by 484.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 332,104 shares of the insurance provider’s stock worth $46,488,000 after purchasing an additional 275,319 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in shares of Allstate by 88.7% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 24,496 shares of the insurance provider’s stock worth $3,429,000 after purchasing an additional 11,512 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Allstate in the 3rd quarter worth approximately $2,389,000. Finally, Markel Group Inc. raised its holdings in shares of Allstate by 10.1% in the 3rd quarter. Markel Group Inc. now owns 141,550 shares of the insurance provider’s stock worth $15,770,000 after purchasing an additional 13,000 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Allstate Stock Down 0.0 %

ALL stock traded down $0.03 during trading hours on Tuesday, hitting $172.54. The company’s stock had a trading volume of 1,440,973 shares, compared to its average volume of 1,762,205. 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 company has a market capitalization of $45.39 billion, a PE ratio of -139.15, a price-to-earnings-growth ratio of 0.45 and a beta of 0.52. The Allstate Co. has a 12 month low of $100.57 and a 12 month high of $173.77. The stock has a 50 day moving average price of $160.59 and a two-hundred day moving average price of $141.95.

Allstate (NYSE:ALLGet Free Report) last posted its earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, topping the consensus estimate of $3.87 by $1.95. The company had revenue of $14.83 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted ($1.36) earnings per share. On average, equities research analysts expect that The Allstate Co. will post 13.25 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.13%. This is an increase from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date was Friday, March 1st. Allstate’s payout ratio is currently -296.77%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, March 25th. UBS Group boosted their price target on shares of Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a report on Monday, February 12th. TheStreet upgraded shares of Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Morgan Stanley upgraded shares of Allstate from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $117.00 to $171.00 in a report on Thursday, January 4th. Finally, Jefferies Financial Group upgraded shares of Allstate from a “hold” rating to a “buy” rating and boosted their price target for the company from $130.00 to $180.00 in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average target price of $168.69.

Read Our Latest Analysis on Allstate

Insiders Place Their Bets

In other Allstate news, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction that occurred 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 directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO John C. Pintozzi sold 4,000 shares of the company’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 directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the sale, the insider now directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Allstate Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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