Ethos Financial Group LLC Acquires New Shares in The Allstate Co. (NYSE:ALL)

Ethos Financial Group LLC bought a new position in shares of The Allstate Co. (NYSE:ALL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,929 shares of the insurance provider’s stock, valued at approximately $272,000.

A number of other large investors have also recently made changes to their positions in ALL. Vanguard Group Inc. boosted its stake in Allstate by 11.5% in the 3rd 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 period. Charles Schwab Investment Management Inc. grew its position in shares of Allstate by 3.0% during 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. Diamond Hill Capital Management Inc. raised its position in shares of Allstate by 23.0% in 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 in the last quarter. Invesco Ltd. boosted 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 valued at $459,225,000 after buying an additional 1,311,095 shares during the period. Finally, Wellington Management Group LLP grew its position in Allstate by 2.1% during the third quarter. Wellington Management Group LLP now owns 3,831,852 shares of the insurance provider’s stock worth $426,907,000 after buying an additional 77,295 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. TD Cowen assumed coverage on shares of Allstate in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $193.00 target price for the company. BMO Capital Markets raised their price target on Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a research report on Friday, January 19th. TheStreet upgraded Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Finally, Roth Mkm raised their price objective on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $174.18.

Allstate Stock Up 0.7 %

ALL traded up $1.18 during trading on Thursday, hitting $171.46. 986,246 shares of the company’s stock traded hands, compared to its average volume of 1,669,328. The Allstate Co. has a 12-month low of $100.57 and a 12-month high of $177.37. The company’s 50 day simple moving average is $166.64 and its two-hundred day simple moving average is $152.04. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $45.25 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 0.39 and a beta of 0.51.

Allstate (NYSE:ALL) last issued its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The business had revenue of $15.26 billion during the quarter, compared to analyst estimates of $12.76 billion. During the same quarter in the previous year, the firm earned ($1.30) EPS. Allstate’s revenue was up 10.7% on a year-over-year basis. Analysts predict that The Allstate Co. will post 14.57 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.92 per share. The ex-dividend date was Friday, March 1st. This is a positive change from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 2.15%. Allstate’s dividend payout ratio is presently 81.24%.

Insider Buying and Selling at Allstate

In other news, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly 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 this link. In related news, CAO John C. Pintozzi sold 4,000 shares of Allstate 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 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 available at this link. Also, insider John E. Dugenske sold 31,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 63,731 shares in the company, 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.

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.