The Allstate Co. (NYSE:ALL) Stock Holdings Trimmed by Poplar Forest Capital LLC

Poplar Forest Capital LLC lessened its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 29.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 235,655 shares of the insurance provider's stock after selling 100,140 shares during the quarter. Allstate comprises 4.8% of Poplar Forest Capital LLC's portfolio, making the stock its 4th largest position. Poplar Forest Capital LLC owned approximately 0.09% of Allstate worth $32,987,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Gradient Investments LLC boosted its stake in Allstate by 1.6% during the 4th quarter. Gradient Investments LLC now owns 4,130 shares of the insurance provider's stock valued at $578,000 after purchasing an additional 66 shares during the last quarter. SVB Wealth LLC raised its position in Allstate by 1.2% in the 4th quarter. SVB Wealth LLC now owns 6,169 shares of the insurance provider's stock worth $864,000 after buying an additional 72 shares during the last quarter. AdvisorNet Financial Inc raised its position in Allstate by 1.5% in the 4th quarter. AdvisorNet Financial Inc now owns 5,384 shares of the insurance provider's stock worth $754,000 after buying an additional 82 shares during the last quarter. Carmel Capital Partners LLC lifted its stake in Allstate by 19.2% during the 3rd quarter. Carmel Capital Partners LLC now owns 516 shares of the insurance provider's stock valued at $57,000 after acquiring an additional 83 shares during the period. Finally, Ballentine Partners LLC boosted its holdings in shares of Allstate by 0.8% during the 3rd quarter. Ballentine Partners LLC now owns 11,320 shares of the insurance provider's stock valued at $1,261,000 after acquiring an additional 89 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Allstate Trading Down 1.7 %

Shares of NYSE:ALL traded down $3.01 during trading on Wednesday, hitting $172.27. The company had a trading volume of 1,761,095 shares, compared to its average volume of 1,692,202. The stock has a market cap of $45.32 billion, a price-to-earnings ratio of -138.93, a price-to-earnings-growth ratio of 0.43 and a beta of 0.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.37 and a quick ratio of 0.37. The company has a fifty day simple moving average of $164.72 and a two-hundred day simple moving average of $148.59. The Allstate Co. has a one year low of $100.57 and a one year high of $176.93.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, beating 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 business had revenue of $14.83 billion for the quarter, compared to analysts' expectations of $12.69 billion. During the same quarter in the previous year, the business posted ($1.36) earnings per share. The business's revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts forecast that The Allstate Co. will post 13.44 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Allstate's previous quarterly dividend of $0.89. Allstate's payout ratio is -296.77%.

Insider Transactions at Allstate

In other news, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 10,736 shares in the company, valued at $1,712,069.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Allstate news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction on 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 sale, the insider now directly owns 63,731 shares of the company's stock, valued at approximately $10,847,016.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction, the chief accounting officer now directly owns 10,736 shares in the company, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of Allstate from $172.00 to $188.00 and gave the company an "overweight" rating in a research report on Monday, April 1st. JPMorgan Chase & Co. increased their price target on Allstate from $172.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, April 8th. HSBC raised Allstate from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $158.00 to $190.00 in a report on Thursday, March 28th. Evercore ISI raised their target price on Allstate from $166.00 to $173.00 and gave the stock an "in-line" rating in a research report on Thursday, April 11th. Finally, Jefferies Financial Group upgraded Allstate from a "hold" rating to a "buy" rating and boosted their price target for the company from $130.00 to $180.00 in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Allstate has an average rating of "Moderate Buy" and an average 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.

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