Aviance Capital Partners LLC Sells 799 Shares of The Allstate Co. (NYSE:ALL)

Aviance Capital Partners LLC trimmed its holdings in The Allstate Co. (NYSE:ALL) by 12.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,651 shares of the insurance provider’s stock after selling 799 shares during the quarter. Aviance Capital Partners LLC’s holdings in Allstate were worth $791,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ALL. Vanguard Group Inc. lifted its position in Allstate by 11.5% during the third quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock valued at $3,595,266,000 after purchasing an additional 3,322,673 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Allstate by 46.6% in the 3rd quarter. Invesco Ltd. now owns 4,121,941 shares of the insurance provider’s stock valued at $459,225,000 after acquiring an additional 1,311,095 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in Allstate by 23.0% in the third quarter. Diamond Hill Capital Management Inc. now owns 4,184,211 shares of the insurance provider’s stock worth $466,163,000 after acquiring an additional 782,696 shares in the last quarter. Nordea Investment Management AB increased its stake in Allstate by 49.5% during the third quarter. Nordea Investment Management AB now owns 1,640,174 shares of the insurance provider’s stock worth $183,388,000 after acquiring an additional 542,842 shares during the last quarter. Finally, Morgan Stanley raised its position in Allstate by 16.9% during the third quarter. Morgan Stanley now owns 3,701,607 shares of the insurance provider’s stock valued at $412,396,000 after purchasing an additional 536,137 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Allstate

In other news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the sale, the insider now owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction dated 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 owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Allstate Price Performance

Shares of NYSE ALL traded down $1.89 during mid-day trading on Tuesday, reaching $168.19. The company’s stock had a trading volume of 1,723,598 shares, compared to its average volume of 1,681,339. The stock has a 50-day moving average of $166.44 and a two-hundred day moving average of $151.91. 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 stock has a market capitalization of $44.39 billion, a P/E ratio of 37.13, a P/E/G ratio of 0.39 and a beta of 0.51. The Allstate Co. has a 1-year low of $100.57 and a 1-year high of $177.37.

Allstate (NYSE:ALL) last issued its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $12.76 billion. During the same period last year, the company earned ($1.30) EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities research analysts anticipate that The Allstate Co. will post 14.57 EPS for the current fiscal year.

Allstate Increases Dividend

The business 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 is a positive change from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Friday, March 1st. Allstate’s payout ratio is 81.24%.

Analyst Upgrades and Downgrades

ALL has been the subject of several research analyst reports. BMO Capital Markets lifted their target price on Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a research report on Friday, January 19th. Evercore ISI lifted their price objective on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods upped their target price on Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Morgan Stanley lifted their price target on Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Raymond James upped their price objective on shares of Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. One equities research 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $174.18.

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.