OneDigital Investment Advisors LLC Increases Stake in The Allstate Co. (NYSE:ALL)

OneDigital Investment Advisors LLC raised its holdings in shares of The Allstate Co. (NYSE:ALL) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,501 shares of the insurance provider’s stock after buying an additional 207 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Allstate were worth $868,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ALL. VSM Wealth Advisory LLC purchased a new stake in Allstate during the 4th quarter valued at about $25,000. Twin Tree Management LP acquired a new position in shares of Allstate during the 4th quarter worth approximately $27,000. Vision Financial Markets LLC purchased a new stake in shares of Allstate in the fourth quarter valued at approximately $29,000. Hopwood Financial Services Inc. acquired a new stake in shares of Allstate in the fourth quarter valued at approximately $29,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in Allstate during the fourth quarter worth approximately $40,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ALL. Barclays dropped their target price on Allstate from $183.00 to $172.00 and set an “underweight” rating for the company in a report on Friday, April 11th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods decreased their target price on shares of Allstate from $240.00 to $228.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company lifted their price target on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Finally, StockNews.com cut Allstate from a “buy” rating to a “hold” rating in a report on Friday, April 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and a consensus price target of $219.27.

Allstate Stock Performance

Shares of ALL stock opened at $193.02 on Friday. The firm has a 50 day moving average of $197.62 and a two-hundred day moving average of $194.56. The stock has a market capitalization of $51.16 billion, a PE ratio of 11.36, a P/E/G ratio of 1.01 and a beta of 0.36. 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 52 week low of $156.66 and a 52 week high of $212.91.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. On average, research analysts predict that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from Allstate’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Monday, March 10th. Allstate’s dividend payout ratio is presently 23.54%.

Allstate announced that its board has authorized a share buyback plan on Wednesday, February 26th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the insurance provider to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $186.53, for a total value of $7,480,226.06. Following the sale, the chief financial officer now directly owns 18,115 shares of the company’s stock, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.80% of the stock is owned by insiders.

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.