Charles Schwab Investment Management Inc. Has $827.88 Million Holdings in The Allstate Co. (NYSE:ALL)

Charles Schwab Investment Management Inc. reduced its holdings in The Allstate Co. (NYSE:ALL) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,914,244 shares of the insurance provider’s stock after selling 12,673 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.26% of Allstate worth $827,876,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Allstate during the 3rd quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Allstate during the 4th quarter worth $36,000. Venturi Wealth Management LLC lifted its holdings in Allstate by 152.7% during the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after buying an additional 168 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new position in Allstate during the 4th quarter worth $43,000. Finally, Planned Solutions Inc. acquired a new position in Allstate during the 4th quarter worth $53,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALL has been the topic of several research reports. Roth Mkm upped their price objective on Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 8th. JPMorgan Chase & Co. upped their target price on shares of Allstate from $185.00 to $193.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Wells Fargo & Company upped their target price on shares of Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a research report on Thursday, April 11th. Jefferies Financial Group upgraded shares of Allstate from a “hold” rating to a “buy” rating and upped their target price for the company from $130.00 to $180.00 in a research report on Tuesday, January 9th. Finally, Piper Sandler upped their target price on shares of Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.18.

Allstate Stock Up 1.7 %

Shares of Allstate stock traded up $2.83 during trading hours on Wednesday, reaching $171.02. 494,238 shares of the company’s stock were exchanged, compared to its average volume of 1,667,679. The Allstate Co. has a fifty-two week low of $100.57 and a fifty-two week high of $177.37. The stock has a market cap of $45.14 billion, a P/E ratio of 37.66, a P/E/G ratio of 0.39 and a beta of 0.51. The company has a 50 day moving average of $166.44 and a two-hundred day moving average of $151.91. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48.

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, topping the consensus estimate of $4.11 by $1.02. The firm had revenue of $15.26 billion during the quarter, compared to the consensus estimate of $12.76 billion. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the business posted ($1.30) earnings per share. On average, sell-side analysts forecast that The Allstate Co. will post 14.57 EPS for the current fiscal year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 2.15%. Allstate’s dividend payout ratio (DPR) is currently 81.24%.

Insider Transactions at Allstate

In other news, CAO John C. Pintozzi sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were 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 $1,712,069.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,736 shares in the company, valued at $1,712,069.92. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

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.