Barlow Wealth Partners Inc. Buys New Position in The Allstate Co. (NYSE:ALL)

Barlow Wealth Partners Inc. purchased a new position in The Allstate Co. (NYSE:ALL) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 6,202 shares of the insurance provider’s stock, valued at approximately $868,000.

A number of other large investors also recently modified their holdings of the business. Patrick M Sweeney & Associates Inc. acquired a new stake in shares of Allstate in the fourth quarter valued at approximately $471,000. Peddock Capital Advisors LLC boosted its position in Allstate by 2.5% during the fourth quarter. Peddock Capital Advisors LLC now owns 16,803 shares of the insurance provider’s stock worth $2,352,000 after purchasing an additional 408 shares during the period. Apollon Wealth Management LLC grew its stake in Allstate by 69.7% in the 4th quarter. Apollon Wealth Management LLC now owns 6,406 shares of the insurance provider’s stock valued at $897,000 after buying an additional 2,631 shares during the last quarter. Machina Capital S.A.S. increased its stake in shares of Allstate by 86.4% during the fourth quarter. Machina Capital S.A.S. now owns 6,263 shares of the insurance provider’s stock worth $877,000 after purchasing an additional 2,903 shares during the period. Finally, Maryland State Retirement & Pension System boosted its position in shares of Allstate by 1.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 20,410 shares of the insurance provider’s stock valued at $2,857,000 after acquiring an additional 382 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Price Performance

Shares of Allstate stock traded up $2.09 during trading hours on Wednesday, reaching $170.28. The company’s stock had a trading volume of 1,295,177 shares, compared to its average volume of 1,677,004. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.36. The Allstate Co. has a one year low of $100.57 and a one year high of $177.37. The firm has a 50 day moving average price of $166.44 and a 200-day moving average price of $151.91. The stock has a market cap of $44.94 billion, a P/E ratio of 37.66, a P/E/G ratio of 0.39 and a beta of 0.51.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $1.02. The business had revenue of $15.26 billion for the quarter, compared to the consensus estimate of $12.76 billion. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.30) earnings per share. On average, analysts predict that The Allstate Co. will post 14.57 EPS for the current year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.16%. This is a positive change from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. Allstate’s payout ratio is presently 81.24%.

Analyst Ratings Changes

A number of brokerages recently commented on ALL. The Goldman Sachs Group raised their price target on Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Raymond James lifted their target price on shares of Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. BMO Capital Markets raised their price objective on shares of Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a research report on Friday, January 19th. Piper Sandler upped their price target on Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Finally, HSBC upgraded shares of Allstate from a “hold” rating to a “buy” rating and upped their target price for the stock from $158.00 to $190.00 in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.18.

Insider Buying and Selling at Allstate

In related news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the completion of the transaction, the insider now directly owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider John E. Dugenske sold 31,000 shares of the business’s 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 transaction, the insider now owns 63,731 shares in the company, valued at approximately $10,847,016.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 completion of the sale, the chief accounting officer now 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.

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.