The Allstate Corporation $ALL Shares Purchased by Strategic Investment Advisors MI

Strategic Investment Advisors MI grew its holdings in The Allstate Corporation (NYSE:ALL) by 110.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,232 shares of the insurance provider’s stock after buying an additional 2,741 shares during the period. Strategic Investment Advisors MI’s holdings in Allstate were worth $1,085,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ALL. MV Capital Management Inc. purchased a new position in Allstate during the fourth quarter worth about $25,000. Navalign LLC acquired a new position in Allstate during the fourth quarter worth $27,000. Dorato Capital Management acquired a new stake in shares of Allstate in the fourth quarter valued at $27,000. Evolution Wealth Management Inc. lifted its stake in Allstate by 7,000.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. Finally, Palisade Asset Management LLC acquired a new position in Allstate in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of Allstate stock opened at $265.22 on Friday. The firm’s fifty day simple moving average is $234.98 and its 200-day simple moving average is $217.73. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $277.22. The stock has a market capitalization of $68.27 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 0.47 and a beta of 0.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. The firm had revenue of $16.94 billion during the quarter, compared to analysts’ expectations of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. Allstate’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.53 EPS. As a group, equities analysts forecast that The Allstate Corporation will post 30.74 earnings per share for the current 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 given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, August 31st. Allstate’s payout ratio is 9.53%.

Insider Activity at Allstate

In other Allstate news, insider Mark Q. Prindiville sold 1,550 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was 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 of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrea Redmond sold 2,225 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $202.91, for a total value of $451,474.75. Following the completion of the transaction, the director directly owned 2,225 shares in the company, valued at approximately $451,474.75. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on ALL. Raymond James Financial raised their price objective on shares of Allstate from $260.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Monday, July 6th. HSBC cut Allstate from a “buy” rating to a “hold” rating and boosted their target price for the stock from $244.00 to $264.00 in a research note on Monday, July 6th. Evercore set a $240.00 target price on shares of Allstate in a research note on Friday, July 10th. UBS Group downgraded shares of Allstate from a “buy” rating to a “neutral” rating and increased their price objective for the company from $255.00 to $261.00 in a research report on Wednesday, July 15th. Finally, Piper Sandler reissued an “overweight” rating on shares of Allstate in a report on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.