Vaughan David Investments LLC IL Has $56.54 Million Stake in The Allstate Corporation $ALL

Vaughan David Investments LLC IL reduced its stake in The Allstate Corporation (NYSE:ALL) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 263,384 shares of the insurance provider’s stock after selling 8,470 shares during the period. Allstate makes up approximately 1.2% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its 22nd biggest position. Vaughan David Investments LLC IL owned about 0.10% of Allstate worth $56,535,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ALL. Avantax Advisory Services Inc. boosted its position in shares of Allstate by 3.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 23,573 shares of the insurance provider’s stock valued at $4,745,000 after purchasing an additional 704 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in Allstate by 3.8% in the second quarter. Knights of Columbus Asset Advisors LLC now owns 53,802 shares of the insurance provider’s stock valued at $10,831,000 after buying an additional 1,959 shares during the period. Commonwealth Retirement Investments LLC grew its position in shares of Allstate by 103.5% during the 2nd quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock worth $2,609,000 after buying an additional 6,590 shares during the period. Davis Capital Management bought a new stake in shares of Allstate in the 3rd quarter valued at $2,767,000. Finally, First Horizon Corp bought a new stake in shares of Allstate in the 3rd quarter valued at $11,109,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Ratings Changes

ALL has been the topic of several research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a report on Wednesday, October 8th. Zacks Research downgraded Allstate from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. The Goldman Sachs Group set a $227.00 price target on shares of Allstate in a research report on Wednesday, January 7th. Mizuho set a $255.00 price target on shares of Allstate in a research report on Wednesday, January 14th. Finally, TD Cowen restated a “hold” rating and issued a $231.00 target price (up previously from $224.00) on shares of Allstate in a research note on Monday, January 12th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $236.19.

Insider Buying and Selling at Allstate

In other news, insider Suren Gupta sold 21,871 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $215.21, for a total transaction of $4,706,857.91. Following the sale, the insider directly owned 100,646 shares in the company, valued at $21,660,025.66. This trade represents a 17.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 48,400 shares of company stock valued at $10,313,256 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Allstate Stock Performance

NYSE ALL opened at $191.75 on Tuesday. The firm has a market cap of $50.18 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 0.42 and a beta of 0.24. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $215.89. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $207.28 and a two-hundred day simple moving average of $203.40.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, beating the consensus estimate of $5.48 by $5.69. Allstate had a net margin of 12.53% and a return on equity of 35.42%. The firm had revenue of $17.26 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same period last year, the firm posted $3.91 EPS. Allstate’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. Allstate’s payout ratio is presently 12.95%.

About Allstate

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.