SG Americas Securities LLC Has $2.11 Million Stake in The Allstate Co. (NYSE:ALL)

SG Americas Securities LLC increased its stake in shares of The Allstate Co. (NYSE:ALL) by 33.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,089 shares of the insurance provider’s stock after acquiring an additional 3,785 shares during the quarter. SG Americas Securities LLC’s holdings in Allstate were worth $2,112,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake 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 period. BlackRock Inc. lifted its stake in shares of Allstate by 0.8% in the second quarter. BlackRock Inc. now owns 22,294,372 shares of the insurance provider’s stock valued at $2,430,978,000 after buying an additional 181,050 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Allstate by 9.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,039,351 shares of the insurance provider’s stock valued at $669,221,000 after buying an additional 499,056 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Allstate by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,926,917 shares of the insurance provider’s stock worth $660,318,000 after acquiring an additional 172,250 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Allstate by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 5,815,257 shares of the insurance provider’s stock worth $643,015,000 after acquiring an additional 63,438 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Allstate

In other news, 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 transaction, the chief accounting officer now directly owns 10,736 shares in the company, valued at approximately $1,712,069.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Allstate Trading Down 0.6 %

NYSE:ALL opened at $169.78 on Thursday. The firm has a market capitalization of $44.66 billion, a price-to-earnings ratio of -136.92, a price-to-earnings-growth ratio of 0.45 and a beta of 0.51. 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 business has a fifty day moving average price of $159.13 and a 200-day moving average price of $140.17. The Allstate Co. has a one year low of $100.57 and a one year high of $171.61.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, beating the consensus estimate of $3.87 by $1.95. The business had revenue of $14.83 billion for 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 company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.36) earnings per share. Sell-side analysts forecast that The Allstate Co. will post 13.11 EPS for the current year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be paid a dividend of $0.92 per share. The ex-dividend date is Friday, March 1st. This is a positive change from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 2.17%. Allstate’s dividend payout ratio is presently -296.77%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ALL. The Goldman Sachs Group increased their price objective on Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday. TheStreet raised Allstate from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. lifted their price objective on shares of Allstate from $164.00 to $172.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. HSBC initiated coverage on shares of Allstate in a report on Thursday, December 28th. They issued a “hold” rating and a $145.00 target price for the company. Finally, Morgan Stanley raised shares of Allstate from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $117.00 to $171.00 in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $162.75.

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.