John E. Dugenske Sells 31,000 Shares of The Allstate Co. (NYSE:ALL) Stock

The Allstate Co. (NYSE:ALL) insider John E. Dugenske sold 31,000 shares of the stock in a transaction on 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 approximately $10,847,016.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Allstate Trading Up 1.9 %

Shares of ALL traded up $3.18 during trading hours on Thursday, reaching $173.02. 1,735,418 shares of the company traded hands, compared to its average volume of 1,772,416. The Allstate Co. has a 12 month low of $100.57 and a 12 month high of $173.47. The company has a market capitalization of $45.52 billion, a price-to-earnings ratio of -139.53, a price-to-earnings-growth ratio of 0.45 and a beta of 0.51. The company’s fifty day moving average price is $159.48 and its two-hundred day moving average price is $140.38. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.51.

Allstate (NYSE:ALL) last released its earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $1.95. The company had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted ($1.36) EPS. Equities 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 announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 4th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is currently -296.77%.

Institutional Investors Weigh In On Allstate

Several institutional investors and hedge funds have recently made changes to their positions in ALL. Private Wealth Management Group LLC bought a new stake in shares of Allstate in the 4th quarter worth $25,000. Garner Asset Management Corp bought a new position in Allstate during the 4th quarter valued at about $31,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Allstate during the 3rd quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Allstate in the fourth quarter worth approximately $36,000. Finally, First Capital Advisors Group LLC. purchased a new position in shares of Allstate during the second quarter valued at approximately $29,000. Institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Allstate from $164.00 to $172.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. HSBC raised shares of Allstate from a “hold” rating to a “buy” rating and increased their target price for the company from $158.00 to $190.00 in a report on Thursday. TD Cowen assumed coverage on shares of Allstate in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $193.00 price target for the company. Keefe, Bruyette & Woods raised their price objective on Allstate from $171.00 to $181.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Finally, BMO Capital Markets boosted their target price on Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $165.56.

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.