Wetzel Investment Advisors Inc. Takes Position in The Allstate Co. (NYSE:ALL)

Wetzel Investment Advisors Inc. bought a new stake in shares of The Allstate Co. (NYSE:ALL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,602 shares of the insurance provider’s stock, valued at approximately $504,000.

Other large investors have also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Allstate during the 3rd quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Allstate in the 4th quarter worth about $36,000. First Capital Advisors Group LLC. purchased a new stake in Allstate in the 2nd quarter worth about $29,000. Venturi Wealth Management LLC increased its holdings in Allstate by 152.7% in the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 168 shares during the last quarter. Finally, RVW Wealth LLC purchased a new stake in Allstate in the 3rd quarter worth about $33,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of Allstate 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 owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 63,731 shares in the company, valued at approximately $10,847,016.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the business’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 transaction, the chief accounting officer now owns 10,736 shares in the company, valued at $1,712,069.92. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. TD Cowen assumed coverage on Allstate in a report on Wednesday, January 10th. They issued an “outperform” rating and a $193.00 price objective for the company. Jefferies Financial Group raised Allstate from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $130.00 to $180.00 in a report on Tuesday, January 9th. Piper Sandler raised their target price on Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. HSBC upgraded Allstate from a “hold” rating to a “buy” rating and raised their target price for the stock from $158.00 to $190.00 in a research note on Thursday, March 28th. Finally, Keefe, Bruyette & Woods raised their target price on Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.71.

Allstate Stock Performance

ALL traded up $3.85 during midday trading on Friday, reaching $172.96. The company had a trading volume of 2,367,571 shares, compared to its average volume of 1,694,765. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average of $163.84 and a two-hundred day moving average of $147.03. The company has a market cap of $45.50 billion, a P/E ratio of -139.48, a P/E/G ratio of 0.40 and a beta of 0.52. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $174.57.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $1.95. The company had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned ($1.36) earnings per share. As a group, equities research analysts predict that The Allstate Co. will post 13.5 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a dividend of $0.92 per share. This is an increase from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Friday, March 1st. Allstate’s dividend payout ratio (DPR) is presently -296.77%.

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.