Allstate (NYSE:ALL) Insider Sells $129,012.00 in Stock

The Allstate Corporation (NYSE:ALL) insider Suren Gupta sold 600 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $215.02, for a total transaction of $129,012.00. Following the completion of the sale, the insider directly owned 100,646 shares of the company’s stock, valued at $21,640,902.92. This represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Suren Gupta also recently made the following trade(s):

• On Friday, November 21st, Suren Gupta sold 21,871 shares of Allstate stock. The shares were sold at an average price of $215.21, for a total transaction of $4,706,857.91.
• On Monday, November 17th, Suren Gupta sold 400 shares of Allstate stock. The stock was sold at an average price of $215.22, for a total transaction of $86,088.00.
• On Friday, November 14th, Suren Gupta sold 1,400 shares of Allstate stock. The shares were sold at an average price of $215.02, for a total transaction of $301,028.00.

Allstate Price Performance

Shares of ALL traded up $1.69 during trading hours on Wednesday, reaching $214.34. 453,386 shares of the stock traded hands, compared to its average volume of 1,632,582. The company has a market cap of $56.09 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $204.03 and its two-hundred day moving average price is $202.20. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.89.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.48 by $5.69. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the prior year, the business posted $3.91 EPS. Allstate’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. Allstate’s payout ratio is currently 12.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group increased their price objective on shares of Allstate from $250.00 to $255.00 and gave the company a “buy” rating in a report on Monday, November 10th. Jefferies Financial Group raised their target price on shares of Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Cantor Fitzgerald upgraded shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. Barclays restated an “underweight” rating and set a $198.00 price objective (up previously from $188.00) on shares of Allstate in a research report on Thursday, July 31st. Finally, Roth Capital boosted their target price on Allstate from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and a consensus price target of $237.92.

Institutional Trading of Allstate

A number of large investors have recently made changes to their positions in the business. Arlington Trust Co LLC increased its stake in Allstate by 261.8% during the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 89 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Allstate by 79.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares during the period. Barnes Dennig Private Wealth Management LLC increased its position in shares of Allstate by 112.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 73 shares during the last quarter. Clearstead Trust LLC raised its holdings in Allstate by 3,800.0% during the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after buying an additional 152 shares during the period. Finally, Palisade Asset Management LLC bought a new stake in Allstate in the third quarter worth $31,000. 76.47% of the stock is currently owned by institutional investors.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.