The Allstate Co. (NYSE:ALL) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC lifted its holdings in shares of The Allstate Co. (NYSE:ALL) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,392 shares of the insurance provider’s stock after acquiring an additional 936 shares during the quarter. Metis Global Partners LLC’s holdings in Allstate were worth $1,735,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Allstate during the 3rd quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Allstate during the 4th quarter worth $36,000. Venturi Wealth Management LLC raised its position in shares of Allstate by 152.7% during the fourth quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 168 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in shares of Allstate during the fourth quarter valued at $43,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Allstate in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Transactions at Allstate

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the sale, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction dated 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 of the company’s stock, 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.

Analyst Upgrades and Downgrades

A number of analysts have commented on ALL shares. Piper Sandler upped their price objective on shares of Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Wells Fargo & Company lifted their price objective on shares of Allstate from $145.00 to $146.00 and gave the stock an “underweight” rating in a research report on Thursday, April 11th. HSBC upgraded Allstate from a “hold” rating to a “buy” rating and increased their target price for the company from $158.00 to $190.00 in a report on Thursday, March 28th. TheStreet upgraded Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Finally, Roth Mkm increased their price objective on Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and an average price target of $174.18.

Allstate Price Performance

Shares of NYSE:ALL opened at $168.19 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average price of $166.44 and a 200 day moving average price of $151.91. The Allstate Co. has a twelve month low of $100.57 and a twelve month high of $177.37. The company has a market cap of $44.39 billion, a price-to-earnings ratio of 37.13, a PEG ratio of 0.39 and a beta of 0.51.

Allstate (NYSE:ALL) last posted its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping the consensus estimate of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The business had revenue of $15.26 billion during the quarter, compared to the consensus estimate of $12.76 billion. During the same quarter last year, the company earned ($1.30) EPS. Allstate’s revenue was up 10.7% on a year-over-year basis. Research analysts predict that The Allstate Co. will post 14.57 earnings per share for the current year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a yield of 2.19%. This is an increase from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is 81.24%.

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.