The Allstate Co. (NYSE:ALL) Stock Position Decreased by White Pine Capital LLC

White Pine Capital LLC cut its stake in shares of The Allstate Co. (NYSE:ALL) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,651 shares of the insurance provider’s stock after selling 860 shares during the quarter. White Pine Capital LLC’s holdings in Allstate were worth $1,351,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ALL. Vanguard Group Inc. lifted its holdings in shares of Allstate by 11.5% in the third 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. Invesco Ltd. lifted its holdings in shares of Allstate by 46.6% in the third 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. Diamond Hill Capital Management Inc. lifted its holdings 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 valued at $466,163,000 after purchasing an additional 782,696 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Allstate by 49.5% in the third quarter. Nordea Investment Management AB now owns 1,640,174 shares of the insurance provider’s stock valued at $183,388,000 after purchasing an additional 542,842 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Allstate by 16.9% in the third 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 owned by institutional investors.

Insider Buying and Selling

In related news, insider John E. Dugenske sold 31,000 shares of the business’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 completion of the transaction, the insider now owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider John E. Dugenske sold 31,000 shares of the business’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 transaction, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ALL shares. Morgan Stanley increased their target price on Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods increased their price objective on Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Evercore ISI increased their price objective on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Raymond James increased their price objective on Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Finally, TD Cowen initiated coverage on Allstate in a report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued 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 a consensus rating of “Moderate Buy” and an average target price of $173.71.

Allstate Stock Down 1.3 %

Shares of NYSE ALL traded down $2.27 during trading hours on Friday, hitting $170.07. 1,279,038 shares of the company’s stock were exchanged, compared to its average volume of 1,336,406. The Allstate Co. has a 1-year low of $100.57 and a 1-year high of $176.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.37 and a quick ratio of 0.37. The company’s 50-day moving average price is $165.09 and its 200-day moving average price is $149.14.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, topping the consensus estimate of $3.87 by $1.95. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The business had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $12.69 billion. During the same quarter in the previous year, the firm earned ($1.36) EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, research analysts anticipate that The Allstate Co. will post 13.44 earnings per share for the current fiscal 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 given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Friday, March 1st. This is a boost from Allstate’s previous quarterly dividend of $0.89. Allstate’s payout ratio is currently -296.77%.

Allstate 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.