The Allstate Co. (NYSE:ALL) Shares Purchased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its position in shares of The Allstate Co. (NYSE:ALL) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,021 shares of the insurance provider’s stock after buying an additional 2,168 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Allstate were worth $2,382,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Allstate by 11.5% during the 3rd quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock worth $3,595,266,000 after buying an additional 3,322,673 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Allstate by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,926,917 shares of the insurance provider’s stock worth $660,318,000 after buying an additional 172,250 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in Allstate by 23.0% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 4,184,211 shares of the insurance provider’s stock worth $466,163,000 after buying an additional 782,696 shares during the last quarter. Invesco Ltd. lifted its holdings in Allstate by 46.6% during the 3rd quarter. Invesco Ltd. now owns 4,121,941 shares of the insurance provider’s stock worth $459,225,000 after buying an additional 1,311,095 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Allstate by 2.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,831,852 shares of the insurance provider’s stock worth $426,907,000 after buying an additional 77,295 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Analysts Set New Price Targets

ALL has been the topic of several recent research reports. TheStreet raised Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Evercore ISI lifted their target price on Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Roth Mkm lifted their price target on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 8th. BMO Capital Markets lifted their price target on Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a research report on Friday, January 19th. Finally, The Goldman Sachs Group lifted their price target on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.18.

Allstate Price Performance

Shares of Allstate stock opened at $168.18 on Friday. The firm has a fifty day simple moving average of $166.06 and a 200-day simple moving average of $150.95. The company has a current ratio of 0.36, a quick ratio of 0.37 and a debt-to-equity ratio of 0.48. The Allstate Co. has a 1-year low of $100.57 and a 1-year high of $177.37. The stock has a market capitalization 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 issued its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The business had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. During the same period in the previous year, the company earned ($1.30) earnings per share. Allstate’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, sell-side analysts expect that The Allstate Co. will post 14.57 earnings per share for the current year.

Allstate Increases Dividend

The business 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 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 a positive change from Allstate’s previous quarterly dividend of $0.89. Allstate’s payout ratio is 81.24%.

Insider Buying and Selling

In related news, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction 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 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 is available at this hyperlink. In other news, insider John E. Dugenske sold 31,000 shares of the company’s 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 sale, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by 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.