Linden Thomas Advisory Services LLC Boosts Stock Holdings in The Allstate Co. (NYSE:ALL)

Linden Thomas Advisory Services LLC increased its position in shares of The Allstate Co. (NYSE:ALL) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,950 shares of the insurance provider’s stock after acquiring an additional 863 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Allstate were worth $1,253,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ALL. Ellsworth Advisors LLC acquired a new position in shares of Allstate in the 4th quarter valued at $4,312,000. SteelPeak Wealth LLC increased its stake in Allstate by 175.2% during the 4th quarter. SteelPeak Wealth LLC now owns 15,682 shares of the insurance provider’s stock worth $2,209,000 after buying an additional 9,984 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Allstate by 484.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 332,104 shares of the insurance provider’s stock worth $46,488,000 after buying an additional 275,319 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in Allstate by 214.6% in the 4th quarter. Meeder Asset Management Inc. now owns 1,570 shares of the insurance provider’s stock worth $220,000 after buying an additional 1,071 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in Allstate by 88.7% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 24,496 shares of the insurance provider’s stock worth $3,429,000 after buying an additional 11,512 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Transactions at Allstate

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

Allstate Trading Down 1.7 %

ALL stock opened at $172.27 on Thursday. The Allstate Co. has a 12-month low of $100.57 and a 12-month high of $176.93. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average of $164.72 and a two-hundred day moving average of $148.59.

Allstate (NYSE:ALL) last released its earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $1.95. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The company had revenue of $14.83 billion during the quarter, compared to the consensus estimate of $12.69 billion. During the same quarter in the prior year, the firm earned ($1.36) EPS. The company’s revenue was up 8.7% compared to the same quarter last year. As a group, research analysts predict that The Allstate Co. will post 13.44 EPS for the current year.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a dividend of $0.92 per share. This is a positive change 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 annualized dividend and a dividend yield of 2.14%. Allstate’s dividend payout ratio is -296.77%.

Analysts Set New Price Targets

A number of equities analysts have commented on ALL shares. TheStreet upgraded shares of Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. HSBC raised shares of Allstate from a “hold” rating to a “buy” rating and boosted their price objective for the company from $158.00 to $190.00 in a research report on Thursday, March 28th. TD Cowen began coverage on shares of Allstate in a research report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 price objective for the company. Roth Mkm boosted their price objective on shares of Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company upped their target price on shares of Allstate from $145.00 to $146.00 and gave the stock an “underweight” rating in a research report on Thursday, April 11th. 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. According to data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and an average target price of $173.71.

About Allstate

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.