Ethos Financial Group LLC Purchases Shares of 1,929 The Allstate Co. (NYSE:ALL)

Ethos Financial Group LLC acquired a new position in shares of The Allstate Co. (NYSE:ALL) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,929 shares of the insurance provider’s stock, valued at approximately $272,000.

A number of other large investors have also made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Allstate in the 3rd quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Allstate during the 4th quarter valued at about $36,000. Venturi Wealth Management LLC boosted its position 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 buying an additional 168 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in Allstate during the fourth quarter worth about $43,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Allstate during the third quarter worth approximately $48,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

ALL traded up $1.18 during trading on Thursday, hitting $171.46. 986,246 shares of the company traded hands, compared to its average volume of 1,669,328. The firm has a market cap of $45.25 billion, a P/E ratio of 37.85, a price-to-earnings-growth ratio of 0.39 and a beta of 0.51. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.48. The Allstate Co. has a one year low of $100.57 and a one year high of $177.37. The stock’s fifty day moving average is $166.64 and its 200 day moving average is $152.04.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 EPS 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 the consensus estimate of $12.76 billion. During the same quarter in the prior year, the business earned ($1.30) earnings per share. Allstate’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities analysts predict that The Allstate Co. will post 14.57 EPS for the current fiscal year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a $0.92 dividend. The ex-dividend date of this dividend was Friday, March 1st. 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 2.15%. Allstate’s payout ratio is 81.24%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a report on Monday, March 25th. Wells Fargo & Company upped their price target on shares of Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a research note on Thursday, April 11th. Evercore ISI increased their target price on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. UBS Group upped their target price on Allstate from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $181.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Allstate has a consensus rating of “Moderate Buy” and a consensus price target of $174.18.

Insider Activity at Allstate

In other news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the sale, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Allstate news, insider John E. Dugenske sold 31,000 shares of the firm’s 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 completion of the sale, the insider now directly owns 63,731 shares in the company, valued at approximately $10,847,016.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were 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 in the company, valued at $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

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.