The Allstate Co. (NYSE:ALL) Stake Cut by Calamos Advisors LLC

Calamos Advisors LLC trimmed its holdings in shares of The Allstate Co. (NYSE:ALL) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 106,842 shares of the insurance provider’s stock after selling 1,394 shares during the quarter. Calamos Advisors LLC’s holdings in Allstate were worth $14,956,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Allstate during the 3rd quarter valued at approximately $25,000. First Capital Advisors Group LLC. bought a new stake in Allstate in the second quarter valued at $29,000. Cowa LLC acquired a new position in shares of Allstate during the first quarter valued at $30,000. RVW Wealth LLC bought a new position in shares of Allstate during the third quarter worth about $33,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of Allstate in the 1st quarter worth about $33,000. 76.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ALL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Morgan Stanley lifted their target price on Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday. BMO Capital Markets increased their price target on Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a research note on Friday, January 19th. Raymond James raised their price target on Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. Finally, The Goldman Sachs Group increased their target price on shares of Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.71.

Insider Transactions at Allstate

In other Allstate 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 sale, the insider now directly owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Allstate news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction dated 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 transaction, the insider now owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of the 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 completion of the sale, the chief accounting officer now directly 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 currently owned by insiders.

Allstate Stock Up 1.8 %

Allstate stock traded up $3.08 during mid-day trading on Friday, hitting $172.19. The company’s stock had a trading volume of 381,571 shares, compared to its average volume of 1,667,027. The Allstate Co. has a twelve month low of $100.57 and a twelve month high of $174.57. The stock’s fifty day moving average price is $163.59 and its two-hundred day moving average price is $146.60. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51.

Allstate (NYSE:ALL) last announced its earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $14.83 billion for the quarter, compared to analyst estimates of $12.69 billion. During the same period in the previous year, the firm earned ($1.36) earnings per share. Allstate’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts predict that The Allstate Co. will post 13.5 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.14%. This is a boost from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date was Friday, March 1st. Allstate’s dividend payout ratio (DPR) is presently -296.77%.

Allstate 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.