one8zero8 LLC bought a new stake in shares of The Allstate Co. (NYSE:ALL – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,570 shares of the insurance provider’s stock, valued at approximately $303,000.
Several other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC boosted its position in shares of Allstate by 6.0% in the 4th quarter. Natixis Advisors LLC now owns 263,148 shares of the insurance provider’s stock worth $50,733,000 after purchasing an additional 14,908 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in Allstate by 5.0% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,173 shares of the insurance provider’s stock valued at $612,000 after buying an additional 150 shares in the last quarter. Intact Investment Management Inc. raised its stake in Allstate by 46.2% in the fourth quarter. Intact Investment Management Inc. now owns 9,500 shares of the insurance provider’s stock valued at $1,832,000 after buying an additional 3,000 shares during the last quarter. LBP AM SA boosted its holdings in Allstate by 524.6% in the fourth quarter. LBP AM SA now owns 30,860 shares of the insurance provider’s stock worth $5,949,000 after acquiring an additional 25,919 shares in the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in shares of Allstate during the fourth quarter worth about $1,151,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Allstate
In other news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the transaction, the chief financial officer now owns 18,115 shares in the company, valued at $3,378,990.95. This trade represents a 68.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Report on ALL
Allstate Price Performance
NYSE:ALL opened at $207.68 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The company has a 50 day moving average price of $191.72 and a 200-day moving average price of $192.47. The Allstate Co. has a 1-year low of $156.66 and a 1-year high of $209.88. The firm has a market cap of $55.04 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 1.01 and a beta of 0.47.
Allstate (NYSE:ALL – Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%. Equities research analysts forecast that The Allstate Co. will post 18.74 EPS for the current year.
Allstate declared that its board has initiated a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the insurance provider to purchase up to 3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Allstate Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, March 10th. This represents a $4.00 dividend on an annualized basis and a yield of 1.93%. This is an increase from Allstate’s previous quarterly dividend of $0.92. Allstate’s dividend payout ratio is currently 23.54%.
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.
Read More
- Five stocks we like better than Allstate
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- How to Build the Ultimate Everything ETF Portfolio
- What is a buyback in stocks? A comprehensive guide for investors
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- Where to Find Earnings Call Transcripts
- 3 Stocks With High ROE and Market-Beating Growth Potential
Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Allstate Co. (NYSE:ALL – Free Report).
Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.