The Allstate Co. (NYSE:ALL) Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. grew its holdings in shares of The Allstate Co. (NYSE:ALL) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,678 shares of the insurance provider’s stock after purchasing an additional 367 shares during the quarter. Brown Advisory Inc.’s holdings in Allstate were worth $4,154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALL. Independent Advisor Alliance raised its holdings in Allstate by 10.6% in the 4th quarter. Independent Advisor Alliance now owns 4,933 shares of the insurance provider’s stock valued at $691,000 after buying an additional 471 shares during the period. NorthRock Partners LLC raised its holdings in Allstate by 24.9% in the 4th quarter. NorthRock Partners LLC now owns 3,643 shares of the insurance provider’s stock valued at $510,000 after buying an additional 726 shares during the period. Private Wealth Management Group LLC purchased a new stake in Allstate in the 4th quarter valued at about $25,000. Trillium Asset Management LLC purchased a new stake in Allstate in the 4th quarter valued at about $211,000. Finally, Kingsview Wealth Management LLC raised its holdings in Allstate by 178.5% in the 4th quarter. Kingsview Wealth Management LLC now owns 13,795 shares of the insurance provider’s stock valued at $1,931,000 after buying an additional 8,842 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of Allstate stock opened at $166.18 on Thursday. The Allstate Co. has a one year low of $100.57 and a one year high of $177.37. The company has a market cap of $43.86 billion, a PE ratio of 36.68, a P/E/G ratio of 0.37 and a beta of 0.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36. The business has a 50-day simple moving average of $168.88 and a 200-day simple moving average of $155.00.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $1.02. The firm had revenue of $15.26 billion during the quarter, compared to the consensus estimate of $12.76 billion. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.30) earnings per share. On average, equities research analysts forecast that The Allstate Co. will post 14.97 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, May 31st will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Friday, May 31st. Allstate’s dividend payout ratio (DPR) is 81.24%.

Insider Activity at Allstate

In related news, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 directly owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John E. Dugenske sold 31,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, April 15th. UBS Group boosted their price objective on shares of Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a report on Monday, February 12th. The Goldman Sachs Group boosted their price target 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. Keefe, Bruyette & Woods boosted their price target on shares of Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Finally, Piper Sandler boosted their price target on shares of Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.