State of New Jersey Common Pension Fund D Sells 6,466 Shares of The Allstate Co. (NYSE:ALL)

State of New Jersey Common Pension Fund D trimmed its position in The Allstate Co. (NYSE:ALLFree Report) by 4.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 151,546 shares of the insurance provider’s stock after selling 6,466 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Allstate were worth $16,884,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALL. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Allstate during the third quarter valued at approximately $25,000. First Capital Advisors Group LLC. bought a new stake in Allstate during the 2nd quarter valued at $29,000. Cowa LLC purchased a new position in shares of Allstate in the 1st quarter valued at $30,000. RVW Wealth LLC bought a new position in shares of Allstate in the 3rd quarter worth $33,000. Finally, Chilton Capital Management LLC purchased a new stake in shares of Allstate during the 1st quarter worth $33,000. Institutional investors own 77.23% of the company’s stock.

Insider Buying and Selling at Allstate

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $134.79, for a total transaction of $539,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 13,711 shares in the company, valued at $1,848,105.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $134.79, for a total value of $539,160.00. Following the sale, the chief accounting officer now directly owns 13,711 shares in the company, valued at approximately $1,848,105.69. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Q. Prindiville sold 10,951 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $135.43, for a total value of $1,483,093.93. Following the transaction, the executive vice president now directly owns 18,677 shares of the company’s stock, valued at approximately $2,529,426.11. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Allstate Price Performance

NYSE:ALL opened at $160.06 on Friday. The company has a 50 day moving average price of $147.72 and a 200-day moving average price of $128.21. The Allstate Co. has a 1-year low of $100.57 and a 1-year high of $168.05. The company has a quick ratio of 0.35, a current ratio of 0.38 and a debt-to-equity ratio of 0.51.

Allstate (NYSE:ALLGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $1.95. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The business had revenue of $14.83 billion during the quarter, compared to the consensus estimate of $12.69 billion. During the same quarter in the prior year, the firm posted ($1.36) earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year. Analysts anticipate that The Allstate Co. will post 12.59 EPS for the current year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.22%. The ex-dividend date was Wednesday, November 29th. Allstate’s payout ratio is currently -287.10%.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of recent research reports. Jefferies Financial Group upgraded shares of Allstate from a “hold” rating to a “buy” rating and boosted their target price for the stock from $130.00 to $180.00 in a report on Tuesday, January 9th. Piper Sandler increased their target price on shares of Allstate from $137.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. JPMorgan Chase & Co. lifted their price target on shares of Allstate from $164.00 to $172.00 and gave the stock an “overweight” rating in a report on Thursday. StockNews.com upgraded Allstate from a “hold” rating to a “buy” rating in a report on Friday, November 24th. Finally, Citigroup boosted their target price on Allstate from $135.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $156.88.

Check Out Our Latest Stock Report on ALL

Allstate Profile

(Free Report)

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products under the Allstate and Encompass brand names.

Further Reading

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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