The Allstate Co. (NYSE:ALL) Stock Holdings Decreased by Hudson Portfolio Management LLC

Hudson Portfolio Management LLC cut its stake in The Allstate Co. (NYSE:ALL) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,902 shares of the insurance provider’s stock after selling 310 shares during the period. Allstate comprises about 2.6% of Hudson Portfolio Management LLC’s holdings, making the stock its 6th largest holding. Hudson Portfolio Management LLC’s holdings in Allstate were worth $2,680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALL. VSM Wealth Advisory LLC acquired a new position in shares of Allstate during the fourth quarter worth about $25,000. Twin Tree Management LP purchased a new position in Allstate in the fourth quarter worth approximately $27,000. Vision Financial Markets LLC acquired a new position in Allstate during the 4th quarter worth approximately $29,000. Hopwood Financial Services Inc. purchased a new stake in shares of Allstate in the 4th quarter valued at approximately $29,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Allstate in the 4th quarter valued at $40,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now 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 is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ALL. Barclays dropped their target price on Allstate from $183.00 to $172.00 and set an “underweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. increased their price objective on Allstate from $217.00 to $222.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. StockNews.com upgraded Allstate from a “hold” rating to a “buy” rating in a research note on Tuesday, April 8th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Allstate from $240.00 to $228.00 and set an “outperform” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.27.

Allstate Stock Performance

Shares of ALL stock opened at $192.58 on Friday. The Allstate Co. has a 52-week low of $156.66 and a 52-week high of $212.91. The stock’s 50-day moving average price is $196.82 and its 200 day moving average price is $194.18. 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 stock has a market capitalization of $51.04 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.01 and a beta of 0.36.

Allstate (NYSE:ALL) last released its quarterly 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 return on equity of 28.20% and a net margin of 7.28%. As a group, equities research analysts forecast that The Allstate Co. will post 18.74 EPS for the current year.

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

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Monday, March 10th. This is a boost from Allstate’s previous quarterly dividend of $0.92. Allstate’s dividend payout ratio (DPR) is 23.54%.

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.