one8zero8 LLC Invests $464,000 in The Allstate Corporation $ALL

one8zero8 LLC purchased a new position in shares of The Allstate Corporation (NYSE:ALL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,950 shares of the insurance provider’s stock, valued at approximately $464,000.

Several other institutional investors have also added to or reduced their stakes in the company. Coldstream Capital Management Inc. lifted its stake in 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 during the last quarter. Compound Planning Inc. increased its stake in shares of 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 during the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Allstate by 0.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider’s stock valued at $1,210,000 after purchasing an additional 52 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of Allstate by 4.7% during the 1st quarter. Root Financial Partners LLC now owns 1,170 shares of the insurance provider’s stock worth $243,000 after buying an additional 53 shares in the last quarter. Finally, Montag A & Associates Inc. raised its holdings in shares of Allstate by 10.2% during the 4th quarter. Montag A & Associates Inc. now owns 596 shares of the insurance provider’s stock worth $125,000 after buying an additional 55 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Trading Down 0.3%

NYSE ALL opened at $260.24 on Thursday. The company has a market cap of $65.80 billion, a price-to-earnings ratio of 5.20, a price-to-earnings-growth ratio of 0.40 and a beta of 0.16. The Allstate Corporation has a twelve month low of $188.08 and a twelve month high of $277.22. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The business’s fifty day moving average is $249.00 and its 200 day moving average is $224.35.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.06 by $2.93. The business had revenue of $15.43 billion during the quarter, compared to analysts’ expectations of $15.46 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.94 EPS. As a group, sell-side analysts expect that The Allstate Corporation will post 34.5 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be paid a $1.08 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.32 annualized dividend and a dividend yield of 1.7%. Allstate’s dividend payout ratio is currently 8.63%.

Insider Buying and Selling at Allstate

In related news, Director Andrea Redmond sold 2,225 shares of the firm’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 owned 2,225 shares in the company, valued at $451,474.75. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Q. Prindiville sold 1,550 shares of Allstate 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 sale, the insider owned 27,558 shares in the company, valued at approximately $5,959,968.66. This represents a 5.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 92,996 shares of company stock worth $24,543,894 in the last 90 days. Corporate insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $280.00 price objective on shares of Allstate in a research note on Friday, August 7th. Keefe, Bruyette & Woods boosted their target price on Allstate from $242.00 to $255.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 8th. Weiss Ratings raised shares of Allstate from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, August 6th. Piper Sandler raised their price target on shares of Allstate from $268.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Allstate from $282.00 to $292.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Four investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Allstate presently has an average rating of “Hold” and an average target price of $265.53.

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.