Cwm LLC Has $32.48 Million Stock Position in The Allstate Co. (NYSE:ALL)

CWM LLC reduced its stake in shares of The Allstate Co. (NYSE:ALL - Free Report) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 232,023 shares of the insurance provider's stock after selling 26,407 shares during the quarter. CWM LLC owned about 0.09% of Allstate worth $32,479,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ALL. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Allstate during the 3rd quarter worth about $25,000. First Capital Advisors Group LLC. acquired a new position in shares of Allstate in the 2nd quarter valued at approximately $29,000. Cowa LLC acquired a new position in shares of Allstate in the 1st quarter valued at approximately $30,000. Chilton Capital Management LLC acquired a new position in shares of Allstate in the 1st quarter valued at approximately $33,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of Allstate in the 4th quarter valued at approximately $36,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Up 2.3 %

Shares of Allstate stock traded up $3.85 on Friday, reaching $172.96. 2,368,220 shares of the company were exchanged, compared to its average volume of 1,362,966. The Allstate Co. has a one year low of $100.57 and a one year high of $174.57. The company has a market capitalization of $45.50 billion, a price-to-earnings ratio of -139.48, 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. The company has a 50-day moving average of $163.84 and a 200 day moving average of $147.54.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 2.67% and a negative net margin of 0.33%. The company had revenue of $14.83 billion for the quarter, compared to analysts' expectations 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, equities research analysts forecast that The Allstate Co. will post 13.44 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a 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 Activity at Allstate

In related news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following the sale, the insider now owns 63,731 shares in the company, valued at approximately $10,847,016.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the sale, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John E. Dugenske sold 31,000 shares of the company's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of the transaction, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Raymond James boosted their price objective on Allstate from $155.00 to $180.00 and gave the company a "strong-buy" rating in a research report on Monday, January 22nd. Wells Fargo & Company boosted their price objective on Allstate from $145.00 to $146.00 and gave the company an "underweight" rating in a research report on Thursday, April 11th. Piper Sandler boosted their price objective on Allstate from $172.00 to $188.00 and gave the company an "overweight" rating in a research report on Monday, April 1st. Keefe, Bruyette & Woods boosted their target price on Allstate from $181.00 to $189.00 and gave the company an "outperform" rating in a research note on Wednesday, April 10th. Finally, The Goldman Sachs Group boosted their target price on Allstate from $164.00 to $195.00 and gave the company a "buy" rating in a research note on Monday, March 25th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $173.71.

Allstate Company 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.