OLD National Bancorp IN lessened its position in shares of The Allstate Co. (NYSE:ALL – Get Rating) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,738 shares of the insurance provider’s stock after selling 262 shares during the period. OLD National Bancorp IN’s holdings in Allstate were worth $1,049,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in ALL. Vanguard Group Inc. raised its position in Allstate by 1.1% during the third quarter. Vanguard Group Inc. now owns 25,700,343 shares of the insurance provider’s stock valued at $3,200,463,000 after purchasing an additional 275,168 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Allstate by 1.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,028,442 shares of the insurance provider’s stock worth $626,192,000 after buying an additional 49,793 shares in the last quarter. Boston Partners increased its holdings in shares of Allstate by 384.6% during the third quarter. Boston Partners now owns 2,707,454 shares of the insurance provider’s stock worth $337,094,000 after buying an additional 2,148,764 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Allstate by 41.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,572,349 shares of the insurance provider’s stock worth $320,333,000 after buying an additional 759,114 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Allstate by 19.0% during the third quarter. Nuveen Asset Management LLC now owns 2,567,535 shares of the insurance provider’s stock worth $319,735,000 after buying an additional 409,229 shares in the last quarter. Institutional investors own 77.48% of the company’s stock.
Allstate Price Performance
Shares of NYSE ALL opened at $115.78 on Monday. The Allstate Co. has a fifty-two week low of $103.20 and a fifty-two week high of $142.15. The stock has a market cap of $30.47 billion, a price-to-earnings ratio of -21.76, a PEG ratio of 2.66 and a beta of 0.57. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.38 and a current ratio of 0.38. The firm’s 50-day simple moving average is $119.31 and its 200 day simple moving average is $127.38.
Allstate Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Tuesday, February 28th were given a dividend of $0.89 per share. The ex-dividend date was Monday, February 27th. This represents a $3.56 annualized dividend and a dividend yield of 3.07%. This is a boost from Allstate’s previous quarterly dividend of $0.85. Allstate’s dividend payout ratio (DPR) is currently -66.92%.
Analysts Set New Price Targets
ALL has been the topic of several analyst reports. William Blair raised shares of Allstate from a “market perform” rating to an “outperform” rating in a research note on Monday, April 3rd. The Goldman Sachs Group upped their price target on shares of Allstate from $146.00 to $166.00 and gave the company a “buy” rating in a research report on Monday, January 9th. TheStreet cut shares of Allstate from a “b-” rating to a “c+” rating in a research report on Wednesday, March 8th. Barclays cut their price target on shares of Allstate from $125.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 12th. Finally, UBS Group upped their price target on shares of Allstate from $150.00 to $160.00 in a research report on Tuesday, January 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and an average target price of $144.50.
Insiders Place Their Bets
In other Allstate news, CFO Jesse E. Merten sold 29,451 shares of Allstate stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $134.18, for a total transaction of $3,951,735.18. Following the transaction, the chief financial officer now owns 16,668 shares of the company’s stock, valued at approximately $2,236,512.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.77% of the company’s stock.
Allstate Profile
The Allstate Corp. engages in the property and casualty insurance business and the provision of protection solutions. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property-Liability, and Corporate and Other. The Allstate Protection segment offers private passenger auto, homeowners, other personal lines, and commercial insurance marketed under the Allstate, National General, and Answer Financial brand names.
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