Triad Investment Management Purchases Shares of 2,001 The Allstate Corporation $ALL

Triad Investment Management acquired a new position in shares of The Allstate Corporation (NYSE:ALL) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,001 shares of the insurance provider’s stock, valued at approximately $414,000.

Other institutional investors also recently made changes to their positions in the company. MV Capital Management Inc. acquired a new position in Allstate in the 4th quarter valued at $25,000. Navalign LLC acquired a new stake in shares of Allstate during the fourth quarter worth $27,000. Dorato Capital Management bought a new stake in shares of Allstate in the fourth quarter valued at about $27,000. Evolution Wealth Management Inc. boosted its position in shares of Allstate by 7,000.0% in the first quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 140 shares during the period. Finally, Palisade Asset Management LLC acquired a new position in shares of Allstate in the third quarter valued at about $31,000. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Down 0.8%

Shares of NYSE ALL opened at $251.64 on Wednesday. The stock has a market capitalization of $64.78 billion, a P/E ratio of 5.55, a PEG ratio of 0.44 and a beta of 0.16. The stock’s fifty day moving average is $228.81 and its 200 day moving average is $215.02. The Allstate Corporation has a 52 week low of $188.08 and a 52 week high of $257.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.36 and a current ratio of 0.36.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, topping 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 analysts’ expectations of $15.24 billion. During the same quarter in the prior year, the business posted $3.53 earnings per share. Allstate’s revenue was up 3.0% compared to the same quarter last year. Sell-side analysts forecast that The Allstate Corporation will post 30.51 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st. Allstate’s dividend payout ratio is 9.53%.

Insider Buying and Selling

In related news, insider Mark Q. Prindiville sold 1,550 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $216.27, for a total transaction of $335,218.50. Following the sale, the insider owned 27,558 shares in the company, valued at approximately $5,959,968.66. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 82,227 shares in the company, valued at $17,991,267.60. This trade represents a 18.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 22,353 shares of company stock worth $4,851,560. Corporate insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ALL. Mizuho lifted their price objective on shares of Allstate from $255.00 to $272.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Zacks Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Piper Sandler reaffirmed an “overweight” rating on shares of Allstate in a report on Thursday, May 28th. Cantor Fitzgerald lifted their price target on shares of Allstate from $236.00 to $242.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Raymond James Financial boosted their price target on Allstate from $260.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Monday, July 6th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $254.80.

Allstate 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.