Gladstone Institutional Advisory LLC Boosts Holdings in The Allstate Co. (NYSE:ALL)

Gladstone Institutional Advisory LLC raised its stake in shares of The Allstate Co. (NYSE:ALL - Free Report) by 2,132.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,159 shares of the insurance provider's stock after buying an additional 61,285 shares during the quarter. Gladstone Institutional Advisory LLC's holdings in Allstate were worth $8,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Allstate during the 3rd quarter valued at approximately $25,000. Private Wealth Management Group LLC bought a new stake in Allstate in the fourth quarter worth $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Allstate during the fourth quarter valued at $36,000. Venturi Wealth Management LLC lifted its position in Allstate by 152.7% during the fourth quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider's stock valued at $39,000 after purchasing an additional 168 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Allstate in the 4th quarter worth $43,000. Institutional investors own 76.47% of the company's stock.

Analyst Upgrades and Downgrades

ALL has been the topic of several analyst reports. Piper Sandler boosted their price objective on Allstate from $172.00 to $188.00 and gave the stock an "overweight" rating in a research note on Monday, April 1st. Morgan Stanley lifted their price objective on shares of Allstate from $187.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, April 15th. The Goldman Sachs Group boosted their price objective on shares of Allstate from $164.00 to $195.00 and gave the company a "buy" rating in a research report on Monday, March 25th. Wells Fargo & Company lifted their price target on shares of Allstate from $146.00 to $153.00 and gave the stock an "underweight" rating in a research note on Friday, May 10th. Finally, Evercore ISI increased their price objective on shares of Allstate from $166.00 to $173.00 and gave the stock an "in-line" rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $174.59.

Allstate Stock Up 0.3 %

Shares of Allstate stock traded up $0.43 during trading on Friday, hitting $169.51. 988,188 shares of the stock traded hands, compared to its average volume of 1,479,724. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. The stock's fifty day simple moving average is $168.43 and its 200 day simple moving average is $154.41. The firm has a market cap of $44.74 billion, a P/E ratio of 37.42, a price-to-earnings-growth ratio of 0.38 and a beta of 0.51. The Allstate Co. has a 52-week low of $100.57 and a 52-week high of $177.37.

Allstate (NYSE:ALL - Get Free Report) last posted its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, beating analysts' consensus estimates of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The business had revenue of $15.26 billion for the quarter, compared to the consensus estimate of $12.76 billion. During the same quarter last year, the firm posted ($1.30) EPS. The company's revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts predict that The Allstate Co. will post 14.99 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, May 31st will be issued a $0.92 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.17%. Allstate's dividend payout ratio is presently 81.24%.

Insider Transactions at Allstate

In other Allstate news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction dated 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 transaction, the insider now owns 63,731 shares in the company, valued at $10,847,016.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO John C. Pintozzi sold 4,000 shares of the company's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the transaction, the chief accounting officer now directly owns 10,736 shares of the company's stock, valued at approximately $1,712,069.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John E. Dugenske sold 31,000 shares of the firm's stock in a transaction dated 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 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 disclosure for this sale can be found here. Corporate 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.

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