The Allstate Co. (NYSE:ALL) Shares Bought by Pinebridge Investments L.P.

24 Apr 2025, 14:28 by Sarita Garza · The Markets Daily

Pinebridge Investments L.P. grew its stake in shares of The Allstate Co. (NYSE:ALL – Free Report) by 11.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,893 shares of the insurance provider’s stock after acquiring an additional 14,128 shares during the quarter. Pinebridge Investments L.P.’s holdings in Allstate were worth $26,777,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ALL shares. Argus raised shares of Allstate from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. Wells Fargo & Company raised their price target 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. Barclays cut their price objective on Allstate from $183.00 to $172.00 and set an “underweight” rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods lowered their price target on Allstate from $240.00 to $228.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $219.27.

Get Our Latest Stock Report on ALL

Insider Activity at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.

Allstate Trading Up 0.6 %

NYSE:ALL opened at $195.04 on Thursday. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The stock’s 50 day simple moving average is $197.39 and its 200-day simple moving average is $194.39. The Allstate Co. has a 12-month low of $156.66 and a 12-month high of $212.91. The firm has a market cap of $51.69 billion, a P/E ratio of 11.48, a PEG ratio of 1.01 and a beta of 0.36.

Allstate (NYSE:ALL – Get Free Report) 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 net margin of 7.28% and a return on equity of 28.20%. Equities analysts anticipate that The Allstate Co. will post 18.74 EPS for the current year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a dividend of $1.00 per share. The ex-dividend date was Monday, March 10th. This is a boost from Allstate’s previous quarterly dividend of $0.92. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.05%. Allstate’s dividend payout ratio is 23.54%.

Allstate announced that its board has initiated a stock buyback program on Wednesday, February 26th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the insurance provider to purchase up to 3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Allstate Company Profile

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