Sigma Planning Corp Sells 3,186 Shares of The Allstate Co. (NYSE:ALL)

Sigma Planning Corp trimmed its position in The Allstate Co. (NYSE:ALL) by 62.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,882 shares of the insurance provider’s stock after selling 3,186 shares during the period. Sigma Planning Corp’s holdings in Allstate were worth $263,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ALL. IFP Advisors Inc boosted its position in Allstate by 171.1% in the 3rd quarter. IFP Advisors Inc now owns 930 shares of the insurance provider’s stock valued at $104,000 after buying an additional 587 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Allstate by 1.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 92,520 shares of the insurance provider’s stock worth $10,308,000 after purchasing an additional 1,025 shares during the last quarter. Linden Thomas Advisory Services LLC bought a new position in shares of Allstate in the 3rd quarter worth $901,000. Bfsg LLC bought a new position in shares of Allstate in the 3rd quarter worth $541,000. Finally, Busey Trust CO boosted its position in shares of Allstate by 3.5% in the 3rd quarter. Busey Trust CO now owns 2,633 shares of the insurance provider’s stock worth $293,000 after purchasing an additional 90 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Insider Activity

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

Allstate Stock Performance

ALL opened at $170.07 on Monday. The business’s 50-day moving average price is $165.09 and its two-hundred day moving average price is $149.63. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $176.93. The company has a market capitalization of $44.74 billion, a price-to-earnings ratio of -137.15, a P/E/G ratio of 0.42 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.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, beating the consensus estimate of $3.87 by $1.95. The company had revenue of $14.83 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned ($1.36) EPS. Equities analysts expect that The Allstate Co. will post 13.44 EPS 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 issued a $0.92 dividend. This is a boost from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 annualized dividend and a dividend yield of 2.16%. Allstate’s dividend payout ratio (DPR) is presently -296.77%.

Analyst Ratings Changes

Several research firms have recently issued reports on ALL. BMO Capital Markets raised their price target on Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a research report on Friday, January 19th. Morgan Stanley raised their price target on Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. UBS Group raised their price objective on Allstate from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. raised their price objective on Allstate from $172.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, TheStreet raised Allstate from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.71.

Allstate Company 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.