The Allstate Co. (NYSE:ALL) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors increased its stake in shares of The Allstate Co. (NYSE:ALL - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,041 shares of the insurance provider's stock after purchasing an additional 2,331 shares during the quarter. Captrust Financial Advisors' holdings in Allstate were worth $24,107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new stake in shares of Allstate in the fourth quarter valued at about $25,000. Twin Tree Management LP purchased a new stake in Allstate in the 4th quarter valued at approximately $27,000. Vision Financial Markets LLC purchased a new position in shares of Allstate during the 4th quarter worth approximately $29,000. Hopwood Financial Services Inc. purchased a new position in shares of Allstate during the 4th quarter worth approximately $29,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Allstate in the 4th quarter valued at approximately $29,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Trading Down 0.0 %

ALL traded down $0.05 during trading on Friday, hitting $202.57. The company's stock had a trading volume of 707,236 shares, compared to its average volume of 1,613,696. The Allstate Co. has a twelve month low of $156.66 and a twelve month high of $212.91. The stock has a market cap of $53.64 billion, a PE ratio of 11.92, a PEG ratio of 1.01 and a beta of 0.32. The firm's 50 day moving average price is $198.99 and its 200-day moving average price is $195.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.45). The business had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. Allstate had a net margin of 7.28% and a return on equity of 28.20%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.13 earnings per share. On average, analysts expect that The Allstate Co. will post 18.74 earnings per share for the current year.

Allstate declared that its board has approved a share repurchase program on Wednesday, February 26th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the insurance provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.97%. This is an increase from Allstate's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Monday, March 10th. Allstate's payout ratio is presently 27.32%.

Insider Buying and Selling

In other news, CFO Jesse E. Merten sold 40,102 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 18,115 shares in the company, valued at $3,378,990.95. This represents a 68.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on ALL. StockNews.com upgraded Allstate from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Argus upgraded shares of Allstate from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Allstate from $228.00 to $235.00 and gave the stock an "outperform" rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Finally, Morgan Stanley boosted their price target on Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Allstate currently has a consensus rating of "Moderate Buy" and a consensus target price of $225.20.

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.