The Allstate Co. (NYSE:ALL) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. decreased its position in shares of The Allstate Co. (NYSE:ALL) by 43.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,088 shares of the insurance provider’s stock after selling 3,122 shares during the period. Fox Run Management L.L.C.’s holdings in Allstate were worth $788,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new position in Allstate during the fourth quarter worth approximately $25,000. FSA Wealth Management LLC purchased a new position in shares of Allstate in the 3rd quarter valued at approximately $26,000. Twin Tree Management LP purchased a new position in shares of Allstate in the 4th quarter valued at approximately $27,000. Vision Financial Markets LLC purchased a new position in shares of Allstate in the 4th quarter valued at approximately $29,000. Finally, Hopwood Financial Services Inc. purchased a new position in shares of Allstate in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Piper Sandler lifted their target price on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their target price on Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Argus upgraded Allstate from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, Wells Fargo & Company lifted their price target on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and an average target price of $217.94.

Insider Transactions at Allstate

In other 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 value of $7,480,226.06. Following the completion of the transaction, the chief financial officer now directly owns 18,115 shares of the company’s stock, valued at $3,378,990.95. The trade was a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Allstate Stock Performance

Shares of ALL stock opened at $206.60 on Monday. The stock has a fifty day moving average price of $193.75 and a 200 day moving average price of $193.12. The stock has a market cap of $54.76 billion, a PE ratio of 12.16, a P/E/G 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 $212.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. Sell-side analysts forecast that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost 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 23.54%.

Allstate declared that its board has authorized a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.