CHICAGO TRUST Co NA Raises Stock Holdings in The Allstate Corporation $ALL

CHICAGO TRUST Co NA grew its holdings in The Allstate Corporation (NYSE:ALL) by 259.6% in the first quarter, Holdings Channel reports. The institutional investor owned 7,335 shares of the insurance provider’s stock after acquiring an additional 5,295 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Allstate were worth $1,521,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. South Plains Financial Inc. increased its stake in shares of Allstate by 41.5% during the third quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 49 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of Allstate by 0.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,809 shares of the insurance provider’s stock worth $1,625,000 after purchasing an additional 50 shares in the last quarter. Compound Planning Inc. lifted its holdings in Allstate by 1.6% in the 4th quarter. Compound Planning Inc. now owns 3,216 shares of the insurance provider’s stock valued at $669,000 after purchasing an additional 50 shares in the last quarter. Humankind Investments LLC boosted its stake in Allstate by 4.5% during the 3rd quarter. Humankind Investments LLC now owns 1,191 shares of the insurance provider’s stock worth $256,000 after purchasing an additional 51 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of Allstate by 0.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider’s stock worth $1,210,000 after buying an additional 52 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Mario Rizzo sold 18,578 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the completion of the sale, the chief operating officer owned 82,227 shares in the company, valued at approximately $17,991,267.60. This represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Q. Prindiville sold 1,550 shares of Allstate stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $216.27, for a total transaction of $335,218.50. Following the completion of the sale, the insider directly owned 27,558 shares in the company, valued at approximately $5,959,968.66. The trade was a 5.32% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 22,353 shares of company stock worth $4,851,560. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ALL shares. The Goldman Sachs Group restated a “neutral” rating and set a $231.00 price target on shares of Allstate in a research report on Thursday, March 5th. Weiss Ratings reissued a “buy (a-)” rating on shares of Allstate in a research note on Thursday, June 18th. Wells Fargo & Company upped their price target on Allstate from $229.00 to $243.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Wall Street Zen cut Allstate from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Keefe, Bruyette & Woods downgraded Allstate from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $266.00 to $242.00 in a research report on Monday, June 8th. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and an average target price of $240.33.

Allstate Stock Up 2.1%

Shares of NYSE:ALL opened at $242.86 on Thursday. The firm has a market capitalization of $62.52 billion, a PE ratio of 5.36, a price-to-earnings-growth ratio of 0.42 and a beta of 0.16. The Allstate Corporation has a 1 year low of $188.08 and a 1 year high of $243.75. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The firm’s 50-day moving average is $219.21 and its two-hundred day moving average is $210.96.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, beating the consensus estimate of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The business had revenue of $16.94 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same quarter last year, the firm posted $3.53 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts predict that The Allstate Corporation will post 29.75 EPS for the current year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were paid a dividend of $1.08 per share. The ex-dividend date was Monday, June 1st. This represents a $4.32 annualized dividend and a yield of 1.8%. Allstate’s payout ratio is presently 9.53%.

Allstate Company Profile

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.