Orion Portfolio Solutions LLC Sells 3,645 Shares of The Allstate Co. (NYSE:ALL)

Orion Portfolio Solutions LLC decreased its position in shares of The Allstate Co. (NYSE:ALL) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,270 shares of the insurance provider’s stock after selling 3,645 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Allstate were worth $5,643,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ALL. Norges Bank acquired a new position in shares of Allstate in the 4th quarter valued at approximately $344,354,000. GQG Partners LLC lifted its stake in Allstate by 64.1% during the fourth quarter. GQG Partners LLC now owns 4,316,516 shares of the insurance provider’s stock worth $832,181,000 after purchasing an additional 1,685,694 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of Allstate by 15,062.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,119,129 shares of the insurance provider’s stock valued at $215,757,000 after purchasing an additional 1,111,748 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Allstate by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 32,635,424 shares of the insurance provider’s stock worth $6,291,783,000 after buying an additional 389,426 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of Allstate by 69.7% during the 4th quarter. National Pension Service now owns 708,098 shares of the insurance provider’s stock worth $136,514,000 after buying an additional 290,858 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of Allstate stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 18,115 shares of the company’s stock, valued at approximately $3,378,990.95. The trade was a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Allstate Price Performance

Shares of NYSE ALL opened at $206.46 on Friday. 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 company has a market capitalization of $54.72 billion, a PE ratio of 12.15, a P/E/G ratio of 1.01 and a beta of 0.47. The firm has a fifty day simple moving average of $195.81 and a 200 day simple moving average of $193.85. The Allstate Co. has a twelve month low of $156.66 and a twelve month high of $212.91.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. On average, sell-side analysts forecast that The Allstate Co. will post 18.74 EPS for the current year.

Allstate announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 26th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Allstate Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a dividend of $1.00 per share. This is an increase from Allstate’s previous quarterly dividend of $0.92. The ex-dividend date is Monday, March 10th. This represents a $4.00 annualized dividend and a dividend yield of 1.94%. Allstate’s dividend payout ratio (DPR) is 23.54%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Argus upgraded Allstate from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. Barclays decreased their price target on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company increased their price objective on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price target on shares of Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $219.80.

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.