Sapient Capital LLC Sells 66 Shares of The Allstate Co. (NYSE:ALL)

Sapient Capital LLC trimmed its position in shares of The Allstate Co. (NYSE:ALL) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,908 shares of the insurance provider’s stock after selling 66 shares during the quarter. Sapient Capital LLC’s holdings in Allstate were worth $854,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Allstate in the 3rd quarter valued at $25,000. Private Wealth Management Group LLC bought a new stake in Allstate in the 4th quarter valued at $25,000. Rise Advisors LLC bought a new stake in Allstate in the 1st quarter valued at $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate in the 1st quarter valued at $26,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Allstate in the 4th quarter valued at $36,000. 76.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Raymond James boosted their price target on shares of Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. BMO Capital Markets boosted their price target on shares of Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a research report on Friday, January 19th. Wells Fargo & Company boosted their price target on shares of Allstate from $145.00 to $146.00 and gave the stock an “underweight” rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. boosted their price target 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $173.71.

Allstate Stock Performance

Shares of NYSE:ALL traded up $0.46 on Tuesday, reaching $170.04. 1,124,609 shares of the company’s stock were exchanged, compared to its average volume of 1,668,521. The company has a fifty day moving average of $165.45 and a 200-day moving average of $150.37. The Allstate Co. has a twelve month low of $100.57 and a twelve month high of $176.93. The company has a market capitalization of $44.73 billion, a price-to-earnings ratio of -137.13, a PEG ratio of 0.42 and a beta of 0.52. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51.

Allstate (NYSE:ALL) last announced its earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $1.95. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The firm had revenue of $14.83 billion for the quarter, compared to analyst estimates of $12.69 billion. During the same quarter in the prior year, the business posted ($1.36) EPS. The business’s revenue was up 8.7% compared to the same quarter last year. On average, research analysts predict that The Allstate Co. will post 13.44 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is -296.77%.

Insider Transactions at Allstate

In other news, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction that occurred 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 owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider John E. Dugenske sold 31,000 shares of the company’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 transaction of $5,276,200.00. Following the completion of the sale, the insider now owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

About Allstate

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.