Leisure Capital Management Trims Holdings in The Allstate Co. (NYSE:ALL)

Leisure Capital Management trimmed its position in The Allstate Co. (NYSE:ALL) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,932 shares of the insurance provider’s stock after selling 1,773 shares during the quarter. Allstate comprises 1.1% of Leisure Capital Management’s holdings, making the stock its 21st largest position. Leisure Capital Management’s holdings in Allstate were worth $2,090,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Gradient Investments LLC raised its position in Allstate by 1.6% during the fourth quarter. Gradient Investments LLC now owns 4,130 shares of the insurance provider’s stock valued at $578,000 after acquiring an additional 66 shares in the last quarter. SVB Wealth LLC raised its position in Allstate by 1.2% during the fourth quarter. SVB Wealth LLC now owns 6,169 shares of the insurance provider’s stock valued at $864,000 after acquiring an additional 72 shares in the last quarter. AdvisorNet Financial Inc raised its position in Allstate by 1.5% during the fourth quarter. AdvisorNet Financial Inc now owns 5,384 shares of the insurance provider’s stock valued at $754,000 after acquiring an additional 82 shares in the last quarter. Carmel Capital Partners LLC raised its position in Allstate by 19.2% during the third quarter. Carmel Capital Partners LLC now owns 516 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 83 shares in the last quarter. Finally, Ballentine Partners LLC raised its position in Allstate by 0.8% during the third quarter. Ballentine Partners LLC now owns 11,320 shares of the insurance provider’s stock valued at $1,261,000 after acquiring an additional 89 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALL has been the topic of several research analyst reports. Jefferies Financial Group raised Allstate from a “hold” rating to a “buy” rating and raised their price objective for the company from $130.00 to $180.00 in a report on Tuesday, January 9th. Raymond James raised their price objective on Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. Roth Mkm raised their price objective on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 8th. UBS Group raised their price objective on Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. raised their price objective on Allstate from $172.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and a consensus price target of $173.71.

Insider Activity at Allstate

In related news, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly 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 Securities & Exchange Commission, which is available at the SEC website. In related news, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction 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 directly owns 10,736 shares of the company’s stock, 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.

Allstate Trading Down 1.3 %

NYSE:ALL traded down $2.27 on Friday, reaching $170.07. The company’s stock had a trading volume of 1,279,038 shares, compared to its average volume of 1,336,406. 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 Allstate Co. has a 12-month low of $100.57 and a 12-month high of $176.93. The stock has a 50 day moving average price of $165.09 and a 200 day moving average price of $149.14.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $1.95. The firm had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.36) EPS. Research analysts predict that The Allstate Co. will post 13.44 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. Investors of record on Monday, March 4th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. Allstate’s payout ratio is currently -296.77%.

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.