NEOS Investment Management LLC Purchases 2,483 Shares of The Allstate Co. (NYSE:ALL)

NEOS Investment Management LLC boosted its holdings in shares of The Allstate Co. (NYSE:ALL) by 28.5% in the 4th quarter, Holdings Channel reports. The firm owned 11,183 shares of the insurance provider’s stock after buying an additional 2,483 shares during the period. NEOS Investment Management LLC’s holdings in Allstate were worth $2,156,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. VSM Wealth Advisory LLC acquired a new position in shares of Allstate during the 4th quarter worth $25,000. FSA Wealth Management LLC acquired a new position in Allstate during the third quarter worth about $26,000. Twin Tree Management LP acquired a new position in Allstate during the fourth quarter worth about $27,000. Vision Financial Markets LLC bought a new position in shares of Allstate in the fourth quarter worth about $29,000. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Allstate in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Activity

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 currently owned by company insiders.

Allstate Price Performance

Shares of NYSE ALL opened at $206.46 on Friday. 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 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 twelve month low of $156.66 and a twelve month high of $212.91. The firm has a fifty day simple moving average of $195.81 and a 200 day simple moving average of $193.78.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share 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, 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%.

Wall Street Analyst Weigh In

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