Everpar Advisors LLC Buys Shares of 2,415 The Allstate Co. (NYSE:ALL)

Everpar Advisors LLC bought a new stake in The Allstate Co. (NYSE:ALL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,415 shares of the insurance provider’s stock, valued at approximately $338,000.

A number of other institutional investors also recently bought and sold shares of ALL. Brown Advisory Inc. raised its stake in shares of Allstate by 6.5% in the third quarter. Brown Advisory Inc. now owns 29,311 shares of the insurance provider’s stock worth $3,266,000 after buying an additional 1,800 shares during the period. Lindbrook Capital LLC raised its stake in shares of Allstate by 24.0% in the third quarter. Lindbrook Capital LLC now owns 926 shares of the insurance provider’s stock worth $103,000 after buying an additional 179 shares during the period. IFM Investors Pty Ltd raised its stake in shares of Allstate by 7.0% in the third quarter. IFM Investors Pty Ltd now owns 54,023 shares of the insurance provider’s stock worth $6,019,000 after buying an additional 3,517 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Allstate by 7.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 92,608 shares of the insurance provider’s stock worth $10,317,000 after buying an additional 6,330 shares during the period. Finally, Advisor Partners II LLC raised its stake in shares of Allstate by 24.1% in the third quarter. Advisor Partners II LLC now owns 19,775 shares of the insurance provider’s stock worth $2,203,000 after buying an additional 3,845 shares during the period. Institutional investors own 76.47% of the company’s stock.

Allstate Trading Up 1.2 %

Shares of Allstate stock traded up $2.09 on Wednesday, reaching $170.28. The company had a trading volume of 1,290,383 shares, compared to its average volume of 1,677,004. The firm has a market cap of $44.94 billion, a price-to-earnings ratio of 37.59, 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 current ratio of 0.36 and a quick ratio of 0.36. The firm’s 50-day moving average price is $166.44 and its two-hundred day moving average price is $151.91. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $177.37.

Allstate (NYSE:ALL) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. The firm had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.30) EPS. As a group, research analysts predict that The Allstate Co. will post 14.57 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a $0.92 dividend. This is a boost from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.16%. Allstate’s payout ratio is 81.24%.

Analysts Set New Price Targets

Several research analysts have recently commented on ALL shares. Keefe, Bruyette & Woods raised their price objective on Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Raymond James increased their target price on Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. increased their target price on Allstate from $185.00 to $193.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Wells Fargo & Company increased their target price on Allstate from $145.00 to $146.00 and gave the stock an “underweight” rating in a research report on Thursday, April 11th. Finally, Jefferies Financial Group upgraded Allstate from a “hold” rating to a “buy” rating and increased their target price for the stock from $130.00 to $180.00 in a research report on Tuesday, January 9th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.18.

Insider Transactions at Allstate

In other news, CAO John C. Pintozzi sold 4,000 shares of Allstate 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 owns 10,736 shares in the company, valued at approximately $1,712,069.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider John E. Dugenske sold 31,000 shares of the firm’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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of the firm’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 sale, 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 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.