Congress Wealth Management LLC DE Buys 7,084 Shares of The Allstate Co. (NYSE:ALL)

Congress Wealth Management LLC DE increased its stake in shares of The Allstate Co. (NYSE:ALL) by 9.2% during the fourth quarter, HoldingsChannel reports. The fund owned 83,905 shares of the insurance provider’s stock after buying an additional 7,084 shares during the period. Congress Wealth Management LLC DE’s holdings in Allstate were worth $11,745,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Allstate during the 3rd quarter worth approximately $25,000. Private Wealth Management Group LLC acquired a new position in Allstate during the fourth quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Allstate in the 4th quarter valued at $36,000. Venturi Wealth Management LLC increased its stake in Allstate by 152.7% in the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock valued at $39,000 after buying an additional 168 shares during the last quarter. Finally, Bruce G. Allen Investments LLC bought a new stake in Allstate during the 4th quarter worth about $43,000. 76.47% of the stock is owned by institutional investors.

Insider Buying and Selling at Allstate

In related 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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO John C. Pintozzi sold 4,000 shares of Allstate 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 transaction, the chief accounting officer now directly 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 accessible through this hyperlink. Also, 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 value of $5,276,200.00. Following the sale, the insider now owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Allstate Stock Performance

Shares of ALL stock traded up $0.84 on Friday, hitting $164.84. The company’s stock had a trading volume of 988,501 shares, compared to its average volume of 1,404,019. The Allstate Co. has a fifty-two week low of $100.57 and a fifty-two week high of $177.37. The company has a market capitalization of $43.50 billion, a PE ratio of 36.39, a PEG ratio of 1.55 and a beta of 0.51. The stock’s 50 day moving average is $169.02 and its 200-day moving average is $155.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36.

Allstate (NYSE:ALL) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) 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 firm had revenue of $15.26 billion for the quarter, compared to analyst estimates of $12.76 billion. During the same quarter in the prior year, the business posted ($1.30) EPS. The business’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts expect that The Allstate Co. will post 15.15 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, May 31st will be paid a dividend of $0.92 per share. The ex-dividend date is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a yield of 2.23%. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of recent research reports. Roth Mkm lifted their target price on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 8th. HSBC raised Allstate from a “hold” rating to a “buy” rating and increased their price objective for the company from $158.00 to $190.00 in a report on Thursday, March 28th. StockNews.com raised shares of Allstate from a “buy” rating to a “strong-buy” rating in a research report on Friday. The Goldman Sachs Group boosted their price objective on shares of Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Finally, Evercore ISI lifted their target price on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and a consensus target price of $174.59.

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.