Simmons Bank Has $1.24 Million Stake in The Allstate Co. (NYSE:ALL)

Simmons Bank decreased its holdings in shares of The Allstate Co. (NYSE:ALL) by 18.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,881 shares of the insurance provider’s stock after selling 2,065 shares during the quarter. Simmons Bank’s holdings in Allstate were worth $1,243,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ALL. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Allstate during the third quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Allstate during the fourth quarter worth $36,000. Venturi Wealth Management LLC raised its position in Allstate by 152.7% during the fourth quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 168 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in Allstate during the fourth quarter worth $43,000. Finally, First Command Advisory Services Inc. bought a new position in shares of Allstate in the third quarter valued at about $48,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Activity

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the company’s 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 completion of the transaction, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was 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 directly owns 63,731 shares in the company, valued at $10,847,016.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction that occurred 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 directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Allstate Price Performance

ALL traded down $1.89 during trading on Tuesday, hitting $168.19. 1,723,598 shares of the stock traded hands, compared to its average volume of 1,681,339. The business has a 50 day moving average price of $166.44 and a 200 day moving average price of $151.91. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.36. The Allstate Co. has a twelve month low of $100.57 and a twelve month high of $177.37. The company has a market cap of $44.39 billion, a price-to-earnings ratio of 37.13, a PEG ratio of 0.39 and a beta of 0.51.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. The company had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a return on equity of 14.44% and a net margin of 2.31%. Allstate’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.30) EPS. Equities research analysts forecast that The Allstate Co. will post 14.57 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 2.19%. Allstate’s dividend payout ratio is 81.24%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ALL shares. HSBC raised shares of Allstate from a “hold” rating to a “buy” rating and increased their price objective for the company from $158.00 to $190.00 in a research report on Thursday, March 28th. JPMorgan Chase & Co. increased their price objective on shares of Allstate from $185.00 to $193.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Roth Mkm increased 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. 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 report on Wednesday, April 10th. Finally, Raymond James increased their price objective on shares of Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and an average price target of $174.18.

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.