The Allstate Co. (NYSE:ALL) Shares Bought by Lido Advisors LLC

Lido Advisors LLC raised its stake in The Allstate Co. (NYSE:ALL - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,085 shares of the insurance provider's stock after buying an additional 2,153 shares during the quarter. Lido Advisors LLC's holdings in Allstate were worth $6,601,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. VSM Wealth Advisory LLC purchased a new stake in shares of Allstate in the 4th quarter valued at approximately $25,000. Twin Tree Management LP acquired a new position in shares of Allstate in the 4th quarter valued at $27,000. Vision Financial Markets LLC purchased a new position in shares of Allstate during the 4th quarter worth $29,000. Hopwood Financial Services Inc. purchased a new stake in Allstate in the 4th quarter valued at about $29,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Allstate in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Insider Buying and Selling at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of the sale, the chief financial officer now directly owns 18,115 shares of the company's stock, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.

Allstate Stock Up 1.0 %

Shares of NYSE:ALL traded up $1.91 during trading on Friday, hitting $199.15. 1,508,513 shares of the company were exchanged, compared to its average volume of 1,619,299. The firm's 50 day moving average price is $198.49 and its 200-day moving average price is $194.88. The Allstate Co. has a 12-month low of $156.66 and a 12-month high of $212.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The stock has a market capitalization of $52.80 billion, a P/E ratio of 11.72, a PEG ratio of 1.01 and a beta of 0.32.

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

Allstate announced that its board has approved a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the insurance provider to purchase up to 3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a dividend of $1.00 per share. This is a positive change from Allstate's previous quarterly dividend of $0.92. The ex-dividend date was Monday, March 10th. This represents a $4.00 annualized dividend and a yield of 2.01%. Allstate's payout ratio is 27.32%.

Analysts Set New Price Targets

Several brokerages have recently commented on ALL. Keefe, Bruyette & Woods decreased their price objective on shares of Allstate from $240.00 to $228.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Barclays decreased their price target on Allstate from $183.00 to $172.00 and set an "underweight" rating on the stock in a research note on Friday, April 11th. Evercore ISI boosted their price objective on Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Finally, Wells Fargo & Company boosted their price target on shares of Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $221.60.

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.