The Allstate Co. (NYSE:ALL) Shares Sold by OneAscent Financial Services LLC

OneAscent Financial Services LLC cut its position in shares of The Allstate Co. (NYSE:ALL) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,476 shares of the insurance provider’s stock after selling 54 shares during the quarter. OneAscent Financial Services LLC’s holdings in Allstate were worth $286,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ALL. VSM Wealth Advisory LLC acquired a new position in Allstate in the fourth quarter worth approximately $25,000. Twin Tree Management LP bought a new stake in shares of Allstate during the 4th quarter worth $27,000. Vision Financial Markets LLC acquired a new stake in shares of Allstate during the fourth quarter worth $29,000. Hopwood Financial Services Inc. acquired a new stake in shares of Allstate during the fourth quarter worth $29,000. Finally, Peoples Bank KS acquired a new position in shares of Allstate in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ALL. Wells Fargo & Company upped their price objective on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Argus upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. StockNews.com cut shares of Allstate from a “buy” rating to a “hold” rating in a research report on Monday, March 31st. Keefe, Bruyette & Woods increased their target price on Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $219.80.

Insider Buying and Selling

In other news, CFO Jesse E. Merten sold 40,102 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Allstate Stock Performance

ALL stock opened at $186.74 on Friday. The company has a market capitalization of $49.49 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 1.01 and a beta of 0.47. The firm has a 50 day moving average of $197.37 and a two-hundred day moving average of $194.33. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. The Allstate Co. has a 12 month low of $156.66 and a 12 month high of $212.91.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping 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%. As a group, equities analysts anticipate that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.14%. This is an increase from Allstate’s previous quarterly dividend of $0.92. The ex-dividend date was Monday, March 10th. Allstate’s dividend payout ratio (DPR) is presently 23.54%.

Allstate announced that its board has initiated a share buyback plan on Wednesday, February 26th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the insurance provider to purchase up to 3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Allstate Company 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.