The Allstate Co. (NYSE:ALL) Stock Holdings Trimmed by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC cut its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 43.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,889 shares of the insurance provider's stock after selling 2,929 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Allstate were worth $750,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on ALL shares. Evercore ISI lifted their target price on shares of Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday. Wells Fargo & Company upped their target price on Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 14th. Argus raised Allstate from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods cut 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. Finally, StockNews.com upgraded shares of Allstate from a "hold" rating to a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $223.60.

Allstate Stock Up 0.5 %

Shares of ALL stock traded up $1.08 during trading hours on Monday, reaching $200.38. The company had a trading volume of 1,292,704 shares, compared to its average volume of 1,617,797. The company has a market capitalization of $53.13 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 1.01 and a beta of 0.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The Allstate Co. has a twelve month low of $156.66 and a twelve month high of $212.91. The stock's fifty day simple moving average is $198.49 and its 200 day simple moving average is $194.87.

Allstate (NYSE:ALL - Get Free Report) last issued 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). The firm had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. Allstate had a net margin of 7.28% and a return on equity of 28.20%. The firm's revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $5.13 EPS. As a group, sell-side analysts expect that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a $1.00 dividend. This is a boost from Allstate's previous quarterly dividend of $0.92. This represents a $4.00 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Monday, March 10th. Allstate's dividend payout ratio is presently 27.32%.

Allstate announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the insurance provider to buy up to 3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Insider Activity

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the completion of the sale, the chief financial officer now owns 18,115 shares in the company, valued at $3,378,990.95. This trade represents a 68.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company's stock.

Allstate 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.