Sapient Capital LLC Trims Stock Holdings in The Allstate Co. (NYSE:ALL)

Sapient Capital LLC decreased its holdings in The Allstate Co. (NYSE:ALL) by 1.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,908 shares of the insurance provider’s stock after selling 66 shares during the period. Sapient Capital LLC’s holdings in Allstate were worth $854,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Confluence Wealth Services Inc. increased its stake in shares of Allstate by 0.9% in the first quarter. Confluence Wealth Services Inc. now owns 7,547 shares of the insurance provider’s stock worth $1,306,000 after purchasing an additional 65 shares in the last quarter. PFG Investments LLC purchased a new position in shares of Allstate in the first quarter worth about $973,000. Donaldson Capital Management LLC grew its stake in Allstate by 4.6% during the first quarter. Donaldson Capital Management LLC now owns 437,894 shares of the insurance provider’s stock valued at $75,760,000 after acquiring an additional 19,084 shares in the last quarter. Accordant Advisory Group Inc purchased a new position in Allstate during the first quarter valued at approximately $137,000. Finally, Leeward Investments LLC MA grew its stake in Allstate by 4.0% during the first quarter. Leeward Investments LLC MA now owns 153,860 shares of the insurance provider’s stock valued at $26,619,000 after acquiring an additional 5,909 shares in the last quarter. Hedge funds and other institutional investors 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 business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly 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 available at this hyperlink. In related news, insider John E. Dugenske sold 31,000 shares of the company’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 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 Securities & Exchange Commission, which is available at this link. 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 transaction of $637,880.00. Following the sale, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Allstate Trading Up 0.3 %

Shares of ALL traded up $0.46 during mid-day trading on Tuesday, reaching $170.04. The company’s stock had a trading volume of 1,124,609 shares, compared to its average volume of 1,668,521. The stock has a market cap of $44.73 billion, a PE ratio of -137.13, a P/E/G ratio of 0.42 and a beta of 0.52. 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 Allstate Co. has a 52 week low of $100.57 and a 52 week high of $176.93. The company’s fifty day moving average price is $165.45 and its two-hundred day moving average price is $150.37.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $1.95. The firm had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted ($1.36) EPS. On average, analysts predict that The Allstate Co. will post 13.44 earnings per share for the current fiscal year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.16%. 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. Allstate’s payout ratio is presently -296.77%.

Analysts Set New Price Targets

Several brokerages recently commented on ALL. 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 note on Monday, April 8th. BMO Capital Markets boosted their price objective on shares of Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a research note on Friday, January 19th. UBS Group boosted their price objective on shares of Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. boosted their price objective on shares of Allstate from $172.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company boosted their price objective 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. One 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’s stock. According to MarketBeat, Allstate has a consensus rating of “Moderate Buy” and a consensus price target of $173.71.

Allstate 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.