The Allstate Co. (NYSE:ALL) Insider Sells $5,276,200.00 in Stock

The Allstate Co. (NYSE:ALL) insider John E. Dugenske sold 31,000 shares of Allstate 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 completion of the transaction, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Allstate Stock Up 1.9 %

Shares of NYSE:ALL traded up $3.18 during midday trading on Thursday, hitting $173.02. 1,735,418 shares of the stock were exchanged, compared to its average volume of 1,772,416. The business’s fifty day simple moving average is $159.48 and its two-hundred day simple moving average is $140.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 0.37. The Allstate Co. has a 52-week low of $100.57 and a 52-week high of $173.47. The company has a market capitalization of $45.52 billion, a PE ratio of -139.53, a P/E/G ratio of 0.45 and a beta of 0.51.

Allstate (NYSE:ALL) last announced its earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, topping the consensus estimate of $3.87 by $1.95. The business 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%. Allstate’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.36) EPS. As a group, research analysts predict that The Allstate Co. will post 13.11 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 4th will be given a dividend of $0.92 per share. This is a boost from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, March 1st. Allstate’s dividend payout ratio is currently -296.77%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. TheStreet upgraded Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. TD Cowen initiated coverage on Allstate in a report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 target price for the company. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $171.00 to $181.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Wells Fargo & Company boosted their price target on Allstate from $112.00 to $145.00 and gave the stock an “underweight” rating in a research report on Friday, February 9th. Finally, Raymond James increased their price target on Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.56.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Allstate during the 3rd quarter worth approximately $25,000. Private Wealth Management Group LLC bought a new stake in shares of Allstate in the fourth quarter valued at about $25,000. First Capital Advisors Group LLC. acquired a new stake in Allstate in the 2nd quarter worth about $29,000. Cowa LLC bought a new position in shares of Allstate during the first quarter worth approximately $30,000. Finally, Garner Asset Management Corp acquired a new stake in shares of Allstate in the fourth quarter valued at approximately $31,000. Institutional investors own 76.47% of the company’s stock.

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.