Flputnam Investment Management Co. Sells 182 Shares of The Allstate Co. (NYSE:ALL)

Flputnam Investment Management Co. cut its position in shares of The Allstate Co. (NYSE:ALL) by 4.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,140 shares of the insurance provider’s stock after selling 182 shares during the quarter. Flputnam Investment Management Co.’s holdings in Allstate were worth $579,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ALL. Sei Investments Co. boosted its stake in shares of Allstate by 40.2% during the 1st quarter. Sei Investments Co. now owns 187,869 shares of the insurance provider’s stock worth $26,022,000 after purchasing an additional 53,824 shares during the period. Prudential PLC purchased a new stake in shares of Allstate in the 1st quarter worth approximately $1,325,000. Cetera Investment Advisers lifted its position in shares of Allstate by 13.9% in the 1st quarter. Cetera Investment Advisers now owns 23,536 shares of the insurance provider’s stock worth $3,260,000 after purchasing an additional 2,874 shares during the period. Dakota Wealth Management purchased a new stake in shares of Allstate in the 1st quarter worth approximately $270,000. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Allstate by 36.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,237 shares of the insurance provider’s stock worth $448,000 after purchasing an additional 860 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Down 0.8 %

ALL stock opened at $162.92 on Thursday. The company has a market capitalization of $42.86 billion, a P/E ratio of -131.39, a price-to-earnings-growth ratio of 0.41 and a beta of 0.52. The Allstate Co. has a 12 month low of $100.57 and a 12 month high of $174.57. The firm’s fifty day simple moving average is $163.44 and its 200-day simple moving average is $146.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.37 and a quick ratio of 0.37.

Allstate (NYSE:ALL) last posted its earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $1.95. The company had revenue of $14.83 billion during the quarter, compared to the consensus estimate of $12.69 billion. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.36) earnings per share. As a group, equities research analysts forecast 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. Investors of record on Monday, March 4th were given a dividend of $0.92 per share. The ex-dividend date was Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 2.26%. Allstate’s payout ratio is currently -296.77%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ALL. Morgan Stanley upped their price target on shares of Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday. Raymond James upped their price target on shares of Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. TD Cowen began coverage on shares of Allstate in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $193.00 price target for the company. HSBC upgraded shares of Allstate from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $158.00 to $190.00 in a research note on Thursday, March 28th. Finally, TheStreet upgraded shares of Allstate from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.71.

Insiders Place Their Bets

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