The Allstate Co. (NYSE:ALL) Stake Lowered by Sentry Investment Management LLC

Sentry Investment Management LLC decreased its position in The Allstate Co. (NYSE:ALL) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,371 shares of the insurance provider’s stock after selling 147 shares during the quarter. Sentry Investment Management LLC’s holdings in Allstate were worth $192,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gradient Investments LLC increased its holdings in Allstate by 1.6% in the fourth quarter. Gradient Investments LLC now owns 4,130 shares of the insurance provider’s stock valued at $578,000 after purchasing an additional 66 shares during the last quarter. Apollon Wealth Management LLC increased its stake in shares of Allstate by 2.5% in the 4th quarter. Apollon Wealth Management LLC now owns 3,214 shares of the insurance provider’s stock valued at $436,000 after acquiring an additional 78 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of Allstate by 1.5% in the 4th quarter. AdvisorNet Financial Inc now owns 5,384 shares of the insurance provider’s stock valued at $754,000 after acquiring an additional 82 shares during the period. Carmel Capital Partners LLC boosted its stake in Allstate by 19.2% during the 3rd quarter. Carmel Capital Partners LLC now owns 516 shares of the insurance provider’s stock worth $57,000 after acquiring an additional 83 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in Allstate by 0.8% during the third quarter. Ballentine Partners LLC now owns 11,320 shares of the insurance provider’s stock valued at $1,261,000 after purchasing an additional 89 shares during the period. Institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Allstate from $145.00 to $146.00 and gave the stock an “underweight” rating in a report on Thursday, April 11th. TD Cowen began coverage on Allstate in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $193.00 target price for the company. The Goldman Sachs Group increased their price target on Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Raymond James lifted their price objective on Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. Finally, Roth Mkm increased their target price on Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.71.

Allstate Price Performance

NYSE:ALL opened at $164.13 on Wednesday. The firm’s fifty day moving average price is $163.35 and its two-hundred day moving average price is $146.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $43.18 billion, a P/E ratio of -132.36, a P/E/G ratio of 0.41 and a beta of 0.52. The Allstate Co. has a one year low of $100.57 and a one year high of $174.57.

Allstate (NYSE:ALL) last released its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, topping the consensus estimate of $3.87 by $1.95. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The business had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $12.69 billion. During the same period last year, the firm posted ($1.36) EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts expect that The Allstate Co. will post 13.41 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently announced 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. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is presently -296.77%.

Insider Activity

In other news, insider John E. Dugenske sold 31,000 shares of the company’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 sale, the insider now directly owns 63,731 shares in the company, valued at approximately $10,847,016.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the transaction, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

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.