Crestwood Advisors Group LLC Has $313,000 Stock Position in The Allstate Co. (NYSE:ALL)

Crestwood Advisors Group LLC raised its position in shares of The Allstate Co. (NYSE:ALL) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,235 shares of the insurance provider’s stock after purchasing an additional 213 shares during the period. Crestwood Advisors Group LLC’s holdings in Allstate were worth $313,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Simplicity Solutions LLC lifted its stake in shares of Allstate by 19.9% in the 4th quarter. Simplicity Solutions LLC now owns 4,990 shares of the insurance provider’s stock valued at $699,000 after purchasing an additional 827 shares during the last quarter. Ingalls & Snyder LLC bought a new stake in shares of Allstate during the 4th quarter worth about $238,000. NewEdge Wealth LLC acquired a new position in shares of Allstate during the 4th quarter valued at about $219,000. Friedenthal Financial bought a new position in shares of Allstate in the 4th quarter valued at approximately $673,000. Finally, Clarius Group LLC boosted its position in Allstate by 4.1% during the fourth quarter. Clarius Group LLC now owns 3,235 shares of the insurance provider’s stock worth $453,000 after purchasing an additional 127 shares during the period. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling

In other news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the sale, the insider now owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Allstate Trading Up 0.7 %

Shares of NYSE ALL opened at $166.81 on Monday. The Allstate Co. has a fifty-two week low of $100.57 and a fifty-two week high of $174.57. The firm has a market capitalization of $43.88 billion, a P/E ratio of -134.52, a P/E/G ratio of 0.41 and a beta of 0.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.37 and a quick ratio of 0.37. The company’s 50 day simple moving average is $163.04 and its 200 day simple moving average is $145.58.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $1.95. The business had revenue of $14.83 billion for 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%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the company earned ($1.36) EPS. On average, analysts predict that The Allstate Co. will post 13.41 EPS for the current year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.92 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.21%. Allstate’s dividend payout ratio is -296.77%.

Analyst Ratings Changes

A number of research analysts recently issued reports on ALL shares. UBS Group raised their target price on shares of Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, February 12th. TheStreet raised Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Jefferies Financial Group upgraded Allstate from a “hold” rating to a “buy” rating and upped their price target for the stock from $130.00 to $180.00 in a report on Tuesday, January 9th. Raymond James raised their price objective on shares of Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. Finally, Morgan Stanley upgraded shares of Allstate from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $117.00 to $171.00 in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $172.59.

About Allstate

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.