Steward Partners Investment Advisory LLC Acquires 2,083 Shares of The Allstate Co. (NYSE:ALL)

Steward Partners Investment Advisory LLC raised its stake in The Allstate Co. (NYSE:ALLFree Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,036 shares of the insurance provider’s stock after purchasing an additional 2,083 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Allstate were worth $13,723,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ALL. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Allstate during the third quarter worth approximately $25,000. Private Wealth Management Group LLC bought a new position in Allstate during the 4th quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Allstate during the fourth quarter worth $36,000. Venturi Wealth Management LLC boosted its position in shares of Allstate by 152.7% in the fourth quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 168 shares during the period. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Allstate in the fourth quarter valued at about $43,000. 76.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ALL. Piper Sandler boosted their price objective on shares of Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a report on Monday, April 1st. The Goldman Sachs Group lifted their price objective on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a report on Monday, March 25th. Roth Mkm increased their target price on Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 8th. HSBC raised Allstate from a “hold” rating to a “buy” rating and boosted their price target for the company from $158.00 to $190.00 in a research note on Thursday, March 28th. Finally, Morgan Stanley increased their price objective on shares of Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and a consensus price target of $174.59.

Get Our Latest Analysis on Allstate

Allstate Trading Down 0.6 %

NYSE:ALL traded down $1.01 during mid-day trading on Wednesday, hitting $163.66. 93,972 shares of the company’s stock were exchanged, compared to its average volume of 1,606,321. The Allstate Co. has a fifty-two week low of $100.57 and a fifty-two week high of $177.37. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $43.19 billion, a P/E ratio of 36.35, a PEG ratio of 1.55 and a beta of 0.51. The company has a 50 day simple moving average of $169.11 and a 200-day simple moving average of $156.16.

Allstate (NYSE:ALLGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, topping the consensus estimate of $4.11 by $1.02. The company had revenue of $15.26 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a net margin of 2.31% and a return on equity of 14.44%. Allstate’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.30) earnings per share. As a group, research analysts expect that The Allstate Co. will post 15.15 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, May 31st will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.25%. Allstate’s dividend payout ratio (DPR) is 81.24%.

Insider Buying and Selling

In other Allstate news, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were 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 approximately $10,847,016.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

About Allstate

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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