Vaughan Nelson Investment Management L.P. Has $17.94 Million Holdings in The Allstate Co. (NYSE:ALL)

Vaughan Nelson Investment Management L.P. decreased its position in shares of The Allstate Co. (NYSE:ALL) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,186 shares of the insurance provider’s stock after selling 19,753 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Allstate were worth $17,943,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ALL. Vanguard Group Inc. lifted its holdings in shares of Allstate by 11.5% in the 3rd quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock worth $3,595,266,000 after purchasing an additional 3,322,673 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Allstate by 9.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,039,351 shares of the insurance provider’s stock valued at $669,221,000 after buying an additional 499,056 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Allstate by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,926,917 shares of the insurance provider’s stock valued at $660,318,000 after buying an additional 172,250 shares during the period. Geode Capital Management LLC increased its position in shares of Allstate by 1.1% in the first quarter. Geode Capital Management LLC now owns 5,815,257 shares of the insurance provider’s stock worth $643,015,000 after purchasing an additional 63,438 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Allstate by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 4,239,513 shares of the insurance provider’s stock worth $472,324,000 after purchasing an additional 53,821 shares during the last quarter. 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 the stock in a transaction that occurred on 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 directly owns 63,731 shares in the company, valued at approximately $10,847,016.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO John C. Pintozzi sold 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the transaction, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ALL shares. TD Cowen assumed coverage on Allstate in a report on Wednesday, January 10th. They issued an “outperform” rating and a $193.00 price objective for the company. Piper Sandler upped their target price on shares of Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Wells Fargo & Company raised their target price on shares of Allstate from $112.00 to $145.00 and gave the company an “underweight” rating in a research note on Friday, February 9th. Keefe, Bruyette & Woods raised their target price on shares of Allstate from $171.00 to $181.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Finally, Morgan Stanley raised shares of Allstate from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $117.00 to $171.00 in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $168.69.

Allstate Trading Up 0.9 %

Shares of NYSE ALL traded up $1.59 during mid-day trading on Friday, hitting $172.82. 998,493 shares of the company were exchanged, compared to its average volume of 1,893,375. The Allstate Co. has a 1-year low of $100.57 and a 1-year high of $174.57. 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 stock has a 50 day simple moving average of $161.81 and a 200-day simple moving average of $143.45.

Allstate (NYSE:ALL) last released 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 during the quarter, compared to the consensus estimate of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.36) EPS. Equities analysts predict that The Allstate Co. will post 13.27 earnings per share for the current fiscal year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is -296.77%.

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.