Trillium Asset Management LLC Sells 95 Shares of The Allstate Co. (NYSE:ALL)

Trillium Asset Management LLC decreased its position in shares of The Allstate Co. (NYSE:ALL) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,410 shares of the insurance provider’s stock after selling 95 shares during the quarter. Trillium Asset Management LLC’s holdings in Allstate were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in Allstate during the 3rd quarter valued at $26,000. Twin Tree Management LP bought a new stake in shares of Allstate during the fourth quarter worth about $27,000. Vision Financial Markets LLC acquired a new stake in shares of Allstate in the 4th quarter worth about $29,000. Hopwood Financial Services Inc. bought a new position in Allstate in the 4th quarter valued at about $29,000. Finally, Peoples Bank KS acquired a new position in Allstate during the 4th quarter valued at about $49,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the sale, the chief financial officer now directly owns 18,115 shares in the company, valued at approximately $3,378,990.95. The trade was a 68.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ALL. Wells Fargo & Company increased their price objective on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Argus upgraded Allstate from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Barclays dropped their price target on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research report on Monday, January 6th. Finally, Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $217.94.

Allstate Stock Performance

Shares of ALL opened at $204.77 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The firm has a market cap of $54.27 billion, a PE ratio of 12.05, a PEG ratio of 1.01 and a beta of 0.47. The Allstate Co. has a 1 year low of $156.66 and a 1 year high of $211.15. The stock’s fifty day moving average price is $192.87 and its two-hundred day moving average price is $192.82.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, beating the consensus estimate of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%. On average, equities research analysts forecast that The Allstate Co. will post 18.74 EPS for the current year.

Allstate announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the insurance provider to purchase up to 3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.95%. This is a positive change from Allstate’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Monday, March 10th. Allstate’s payout ratio is currently 23.54%.

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.