The Allstate Corporation $ALL Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lowered its position in shares of The Allstate Corporation (NYSE:ALL) by 36.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,340 shares of the insurance provider’s stock after selling 2,525 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Allstate were worth $903,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALL. Swedbank AB raised its stake in Allstate by 2,157.8% during the third quarter. Swedbank AB now owns 861,725 shares of the insurance provider’s stock valued at $184,969,000 after buying an additional 823,559 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Allstate by 1,766.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 869,139 shares of the insurance provider’s stock valued at $180,911,000 after buying an additional 822,583 shares in the last quarter. Woodline Partners LP acquired a new stake in Allstate during the third quarter valued at approximately $148,641,000. Ameriprise Financial Inc. raised its stake in Allstate by 52.7% during the second quarter. Ameriprise Financial Inc. now owns 1,385,901 shares of the insurance provider’s stock valued at $279,062,000 after buying an additional 478,598 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in Allstate during the third quarter valued at approximately $100,596,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings upgraded Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, March 23rd. Wells Fargo & Company lifted their target price on Allstate from $227.00 to $229.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. lifted their target price on Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Barclays increased their price target on Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 8th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $220.00 price target on shares of Allstate in a research report on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average target price of $238.65.

Allstate Stock Up 1.5%

Shares of Allstate stock opened at $218.14 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The business’s 50 day simple moving average is $208.51 and its 200-day simple moving average is $205.49. The stock has a market capitalization of $56.33 billion, a price-to-earnings ratio of 5.71, a PEG ratio of 0.43 and a beta of 0.22. The Allstate Corporation has a twelve month low of $184.62 and a twelve month high of $219.48.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. The business had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $7.67 EPS. Equities research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were issued a $1.08 dividend. This is a positive change from Allstate’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $4.32 dividend on an annualized basis and a yield of 2.0%. Allstate’s dividend payout ratio is currently 11.31%.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.