The Allstate Co. (NYSE:ALL) Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC grew its holdings in shares of The Allstate Co. (NYSE:ALL - Free Report) by 13.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,886 shares of the insurance provider's stock after buying an additional 6,196 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Allstate were worth $7,123,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ALL. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Allstate in the third quarter worth about $25,000. First Capital Advisors Group LLC. bought a new stake in Allstate in the second quarter worth about $29,000. Cowa LLC bought a new stake in Allstate in the first quarter worth about $30,000. RVW Wealth LLC bought a new stake in shares of Allstate in the third quarter valued at approximately $33,000. Finally, Chilton Capital Management LLC bought a new stake in shares of Allstate in the first quarter valued at approximately $33,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALL has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of Allstate from $145.00 to $146.00 and gave the company an "underweight" rating in a research report on Thursday, April 11th. Roth Mkm boosted their price objective on shares of Allstate from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, April 8th. TheStreet raised shares of Allstate from a "c+" rating to a "b" rating in a research note on Wednesday, February 7th. Piper Sandler boosted their price objective on shares of Allstate from $172.00 to $188.00 and gave the company an "overweight" rating in a research note on Monday, April 1st. Finally, UBS Group boosted their price objective on shares of Allstate from $171.00 to $185.00 and gave the company a "buy" rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Allstate currently has a consensus rating of "Moderate Buy" and an average target price of $173.71.

Allstate Price Performance

Shares of Allstate stock traded up $3.85 during trading on Friday, hitting $172.96. The company's stock had a trading volume of 2,367,571 shares, compared to its average volume of 1,694,765. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $163.59 and a two-hundred day simple moving average of $146.60. The Allstate Co. has a 52 week low of $100.57 and a 52 week high of $174.57.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. During the same period last year, the business earned ($1.36) EPS. Allstate's quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that The Allstate Co. will post 13.5 EPS for the current fiscal year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, March 1st. This is a boost 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 business's stock in a transaction 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 directly owns 10,736 shares of the company's stock, valued at $1,712,069.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO John C. Pintozzi sold 4,000 shares of the business's stock in a transaction 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 directly owns 10,736 shares of the company's stock, valued at $1,712,069.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 $10,847,016.20. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.

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.