Owen LaRue LLC Has $787,000 Stock Position in The Allstate Co. (NYSE:ALL)

Owen LaRue LLC trimmed its holdings in shares of The Allstate Co. (NYSE:ALL) by 32.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,083 shares of the insurance provider’s stock after selling 1,917 shares during the period. Owen LaRue LLC’s holdings in Allstate were worth $787,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ALL. McIlrath & Eck LLC increased its position in Allstate by 22.8% in the 3rd quarter. McIlrath & Eck LLC now owns 742 shares of the insurance provider’s stock worth $141,000 after purchasing an additional 138 shares during the last quarter. Virtu Financial LLC increased its position in Allstate by 104.2% in the 3rd quarter. Virtu Financial LLC now owns 5,728 shares of the insurance provider’s stock worth $1,086,000 after purchasing an additional 2,923 shares during the last quarter. Tudor Financial Inc. acquired a new position in Allstate in the 3rd quarter worth about $2,836,000. Stock Yards Bank & Trust Co. increased its position in Allstate by 5.3% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 5,776 shares of the insurance provider’s stock worth $1,095,000 after purchasing an additional 292 shares during the last quarter. Finally, World Investment Advisors LLC increased its position in Allstate by 534.3% in the 3rd quarter. World Investment Advisors LLC now owns 33,530 shares of the insurance provider’s stock worth $6,359,000 after purchasing an additional 28,244 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the firm’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 value of $7,480,226.06. Following the completion of the sale, the chief financial officer now owns 18,115 shares in the company, valued at approximately $3,378,990.95. This trade represents a 68.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Allstate Price Performance

Shares of NYSE:ALL opened at $195.56 on Tuesday. The business has a 50 day moving average price of $197.70 and a 200 day moving average price of $194.74. 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 twelve month low of $156.66 and a twelve month high of $212.91. The company has a market cap of $51.85 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.01 and a beta of 0.36.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 EPS 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%. Research analysts predict that The Allstate Co. will post 18.74 earnings per share for the current year.

Allstate declared that its Board of Directors has initiated 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 purchase up to 3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a $1.00 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.05%. This is an increase from Allstate’s previous quarterly dividend of $0.92. Allstate’s dividend payout ratio (DPR) is currently 23.54%.

Analyst Ratings Changes

Several research analysts have weighed in on ALL shares. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Barclays lowered their price objective on Allstate from $183.00 to $172.00 and set an “underweight” rating on the stock in a report on Friday, April 11th. Argus raised Allstate from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. StockNews.com lowered Allstate from a “buy” rating to a “hold” rating in a report on Friday, April 18th. Finally, Wells Fargo & Company increased their price objective on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $219.27.

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.