Alesco Advisors LLC Trims Holdings in The Allstate Co. (NYSE:ALL)

Alesco Advisors LLC decreased its holdings in The Allstate Co. (NYSE:ALL) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,777 shares of the insurance provider’s stock after selling 625 shares during the quarter. Alesco Advisors LLC’s holdings in Allstate were worth $529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Fiduciary Investment Counsel Inc. purchased a new stake in Allstate in the 4th quarter valued at $236,000. Syon Capital LLC raised its position in Allstate by 5.4% in the 4th quarter. Syon Capital LLC now owns 2,033 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 105 shares during the last quarter. Cross Staff Investments Inc purchased a new stake in Allstate in the 4th quarter valued at $210,000. Tokio Marine Asset Management Co. Ltd. raised its position in Allstate by 6.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,309 shares of the insurance provider’s stock worth $883,000 after buying an additional 386 shares during the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new position in Allstate during the 4th quarter worth $722,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insider Activity at Allstate

In other Allstate news, 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In other Allstate news, 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $10,847,016.20. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ALL. Piper Sandler upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Allstate from $172.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. TD Cowen began coverage on shares of Allstate in a research report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 price objective for the company. The Goldman Sachs Group upped their price objective 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. Finally, Keefe, Bruyette & Woods upped their price objective 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and a consensus price target of $173.71.

Allstate Price Performance

NYSE ALL traded down $2.34 during trading hours on Friday, reaching $170.00. The company’s stock had a trading volume of 1,279,025 shares, compared to its average volume of 1,680,547. The stock has a market cap of $44.72 billion, a PE ratio of -137.10, a PEG ratio of 0.42 and a beta of 0.52. The Allstate Co. has a fifty-two week low of $100.57 and a fifty-two week high of $176.93. The company’s 50-day moving average is $165.09 and its two-hundred day moving average is $149.14. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 0.37.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $1.95. The firm 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 firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned ($1.36) EPS. Analysts forecast that The Allstate Co. will post 13.44 EPS for the current year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.16%. This is a boost from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. Allstate’s dividend payout ratio is presently -296.77%.

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.