421 Shares in The Allstate Co. (NYSE:ALL) Acquired by Pacific Capital Wealth Advisors Inc.

Pacific Capital Wealth Advisors Inc. purchased a new stake in The Allstate Co. (NYSE:ALL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 421 shares of the insurance provider’s stock, valued at approximately $59,000.

Several other large investors have also recently modified their holdings of ALL. Annis Gardner Whiting Capital Advisors LLC bought a new position in Allstate during the 3rd quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Allstate in the fourth quarter worth approximately $36,000. Venturi Wealth Management LLC boosted its holdings in Allstate by 152.7% in the fourth quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 168 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Allstate during the 4th quarter valued at approximately $43,000. Finally, First Command Advisory Services Inc. bought a new position in Allstate during the 3rd quarter worth approximately $48,000. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALL. Raymond James increased their price objective on shares of Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on Allstate from $181.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. HSBC raised 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. BMO Capital Markets boosted their price target on Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a research note on Friday, January 19th. Finally, Morgan Stanley raised their price objective on shares of Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.18.

Allstate Stock Down 1.1 %

Shares of Allstate stock traded down $1.89 on Tuesday, hitting $168.19. The company had a trading volume of 1,723,598 shares, compared to its average volume of 1,681,339. The stock has a market capitalization of $44.39 billion, a price-to-earnings ratio of 37.13, a P/E/G ratio of 0.39 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 Allstate Co. has a 1 year low of $100.57 and a 1 year high of $177.37. The stock has a 50 day moving average of $166.44 and a 200-day moving average of $151.91.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, beating the consensus estimate of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The business had revenue of $15.26 billion for the quarter, compared to analysts’ expectations of $12.76 billion. During the same period last year, the business earned ($1.30) EPS. The business’s revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts forecast that The Allstate Co. will post 14.57 earnings per share for the current 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 given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.19%. This is an increase from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. Allstate’s dividend payout ratio is presently 81.24%.

Allstate 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.