10,833 Shares in The Allstate Corporation $ALL Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC bought a new position in The Allstate Corporation (NYSE:ALL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,833 shares of the insurance provider’s stock, valued at approximately $2,578,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC lifted its position in shares of Allstate by 60.2% during the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after acquiring an additional 2,443 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Allstate in the fourth quarter worth $231,000. WINTON GROUP Ltd bought a new stake in Allstate in the second quarter valued at $210,000. Treasurer of the State of North Carolina raised its holdings in shares of Allstate by 2.5% during the second quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider’s stock valued at $24,816,000 after purchasing an additional 3,051 shares during the period. Finally, Ieq Capital LLC boosted its position in shares of Allstate by 20.1% during the 2nd quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider’s stock worth $7,713,000 after purchasing an additional 6,412 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Allstate news, COO Mario Rizzo sold 56,225 shares of Allstate stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $21,747,396.96. The trade was a 40.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea Redmond sold 2,225 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $202.91, for a total transaction of $451,474.75. Following the completion of the sale, the director owned 2,225 shares of the company’s stock, valued at approximately $451,474.75. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 91,446 shares of company stock worth $24,208,675. 1.55% of the stock is owned by corporate insiders.

Allstate Trading Up 1.4%

ALL opened at $261.17 on Friday. The Allstate Corporation has a fifty-two week low of $188.08 and a fifty-two week high of $277.22. The firm has a market capitalization of $66.04 billion, a PE ratio of 5.22, a P/E/G ratio of 0.39 and a beta of 0.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36. The company’s 50-day moving average is $254.14 and its 200 day moving average is $226.81.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.06 by $2.93. The business had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $15.46 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.94 EPS. As a group, research analysts predict that The Allstate Corporation will post 34.45 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be issued a dividend of $1.08 per share. The ex-dividend date is Monday, August 31st. This represents a $4.32 annualized dividend and a yield of 1.7%. Allstate’s dividend payout ratio is 8.63%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ALL. Zacks Research raised Allstate from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Raymond James Financial reiterated a “strong-buy” rating and issued a $315.00 price target on shares of Allstate in a report on Tuesday, August 11th. Cantor Fitzgerald raised their price objective on Allstate from $236.00 to $242.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. HSBC downgraded Allstate from a “buy” rating to a “hold” rating and boosted their price objective for the company from $244.00 to $264.00 in a report on Monday, July 6th. Finally, JPMorgan Chase & Co. increased their target price on Allstate from $282.00 to $292.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $263.90.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.