CNB Bank Sells 501 Shares of The Allstate Co. (NYSE:ALL)

CNB Bank reduced its stake in The Allstate Co. (NYSE:ALLFree Report) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,133 shares of the insurance provider’s stock after selling 501 shares during the quarter. CNB Bank’s holdings in Allstate were worth $1,278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Gradient Investments LLC boosted its position in shares of Allstate by 1.6% in the 4th quarter. Gradient Investments LLC now owns 4,130 shares of the insurance provider’s stock worth $578,000 after purchasing an additional 66 shares in the last quarter. SVB Wealth LLC lifted its position in Allstate by 1.2% in the 4th quarter. SVB Wealth LLC now owns 6,169 shares of the insurance provider’s stock valued at $864,000 after acquiring an additional 72 shares in the last quarter. Apollon Wealth Management LLC lifted its position in Allstate by 2.5% in the 4th quarter. Apollon Wealth Management LLC now owns 3,214 shares of the insurance provider’s stock valued at $436,000 after acquiring an additional 78 shares in the last quarter. AdvisorNet Financial Inc lifted its position in Allstate by 1.5% in the 4th quarter. AdvisorNet Financial Inc now owns 5,384 shares of the insurance provider’s stock valued at $754,000 after acquiring an additional 82 shares in the last quarter. Finally, Carmel Capital Partners LLC lifted its position in Allstate by 19.2% in the 3rd quarter. Carmel Capital Partners LLC now owns 516 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 83 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on ALL shares. The Goldman Sachs Group upped their price objective on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, March 25th. TheStreet raised Allstate from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. HSBC raised Allstate from a “hold” rating to a “buy” rating and upped their price objective for the company from $158.00 to $190.00 in a research report on Thursday, March 28th. JPMorgan Chase & Co. upped their price objective on Allstate from $172.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, UBS Group upped their price objective on Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $173.71.

View Our Latest Research Report on ALL

Allstate Price Performance

NYSE:ALL opened at $172.96 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 0.37. The Allstate Co. has a one year low of $100.57 and a one year high of $174.57. The business has a fifty day moving average price of $163.84 and a 200-day moving average price of $147.29.

Allstate (NYSE:ALLGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, topping the consensus estimate of $3.87 by $1.95. The firm had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. Allstate’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted ($1.36) EPS. Analysts anticipate that The Allstate Co. will post 13.44 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.13%. This is a positive change from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date was Friday, March 1st. Allstate’s dividend payout ratio is -296.77%.

Insiders Place Their Bets

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the sale, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the sale, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John E. Dugenske sold 31,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of the sale, the insider now owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

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. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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