The Allstate Corporation $ALL Shares Sold by Homestead Advisers Corp

Homestead Advisers Corp cut its stake in The Allstate Corporation (NYSE:ALLFree Report) by 1.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 345,198 shares of the insurance provider’s stock after selling 6,600 shares during the quarter. Allstate accounts for about 1.8% of Homestead Advisers Corp’s portfolio, making the stock its 26th largest position. Homestead Advisers Corp’s holdings in Allstate were worth $74,097,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Portside Wealth Group LLC grew its stake in shares of Allstate by 6.1% in the third quarter. Portside Wealth Group LLC now owns 1,628 shares of the insurance provider’s stock valued at $349,000 after buying an additional 94 shares in the last quarter. Linscomb Wealth Inc. lifted its position in Allstate by 1.5% during the 3rd quarter. Linscomb Wealth Inc. now owns 3,780 shares of the insurance provider’s stock worth $811,000 after acquiring an additional 57 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Allstate by 2.5% in the 3rd quarter. Bessemer Group Inc. now owns 10,371 shares of the insurance provider’s stock worth $2,227,000 after acquiring an additional 251 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Allstate by 255.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 98,455 shares of the insurance provider’s stock worth $21,133,000 after acquiring an additional 70,722 shares during the period. Finally, Howe & Rusling Inc. grew its position in Allstate by 45.9% in the third quarter. Howe & Rusling Inc. now owns 1,984 shares of the insurance provider’s stock valued at $426,000 after acquiring an additional 624 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 2.6%

Shares of NYSE:ALL opened at $207.05 on Thursday. The company’s fifty day moving average is $203.97 and its two-hundred day moving average is $203.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.43 and a current ratio of 0.43. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $215.89. The stock has a market capitalization of $54.18 billion, a price-to-earnings ratio of 6.70, a price-to-earnings-growth ratio of 0.44 and a beta of 0.23.

Allstate (NYSE:ALLGet Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, beating the consensus estimate of $8.72 by $5.59. Allstate had a net margin of 12.53% and a return on equity of 35.42%. Allstate’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $7.67 earnings per share. Equities analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. Allstate’s dividend payout ratio is 12.95%.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of recent research reports. TD Cowen cut shares of Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. William Blair lowered shares of Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Wall Street Zen cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Mizuho set a $255.00 target price on Allstate in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group set a $227.00 price target on Allstate in a research note on Wednesday, January 7th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and a consensus target price of $236.19.

Read Our Latest Report on ALL

Insider Buying and Selling at Allstate

In related news, insider Suren Gupta sold 19,593 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the sale, the insider owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. This trade represents a 16.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 48,400 shares of company stock worth $10,313,256. 1.70% of the stock is currently owned by corporate insiders.

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Allstate Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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