The Allstate Corporation $ALL Shares Sold by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC lowered its position in The Allstate Corporation (NYSE:ALL) by 63.8% in the fourth quarter, HoldingsChannel reports. The fund owned 1,394 shares of the insurance provider’s stock after selling 2,460 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Allstate were worth $290,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. LSV Asset Management raised its position in shares of Allstate by 542.3% in the fourth quarter. LSV Asset Management now owns 631,005 shares of the insurance provider’s stock worth $131,344,000 after acquiring an additional 532,770 shares during the period. Karras Company Inc. acquired a new position in shares of Allstate in the fourth quarter worth about $1,121,000. Insight Inv LLC raised its position in shares of Allstate by 2.5% in the fourth quarter. Insight Inv LLC now owns 13,405 shares of the insurance provider’s stock worth $2,790,000 after acquiring an additional 325 shares during the period. Evoke Wealth LLC raised its position in shares of Allstate by 3.1% in the fourth quarter. Evoke Wealth LLC now owns 2,308 shares of the insurance provider’s stock worth $483,000 after acquiring an additional 70 shares during the period. Finally, Axxcess Wealth Management LLC raised its position in shares of Allstate by 1,343.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 60,498 shares of the insurance provider’s stock worth $12,593,000 after acquiring an additional 56,307 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

NYSE:ALL opened at $216.64 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $55.77 billion, a price-to-earnings ratio of 4.78, a PEG ratio of 0.39 and a beta of 0.21. The company’s 50-day moving average is $212.27 and its two-hundred day moving average is $208.06. The Allstate Corporation has a 1-year low of $188.08 and a 1-year high of $227.62.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, beating the consensus estimate of $7.31 by $3.34. The company had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. Allstate’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.53 EPS. Analysts forecast that The Allstate Corporation will post 29.22 EPS for the current year.

Wall Street Analysts Forecast Growth

ALL has been the subject of a number of analyst reports. Mizuho decreased their price objective on shares of Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Piper Sandler boosted their target price on shares of Allstate from $252.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Zacks Research cut shares of Allstate from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Raymond James Financial reissued a “strong-buy” rating and set a $260.00 target price on shares of Allstate in a research note on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Allstate from $260.00 to $263.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine 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 an average rating of “Moderate Buy” and a consensus price target of $241.67.

Insiders Place Their Bets

In other Allstate news, COO Mario Rizzo sold 18,578 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $218.80, for a total value of $4,064,866.40. Following the transaction, the chief operating officer directly owned 82,227 shares in the company, valued at $17,991,267.60. The trade was a 18.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.55% of the stock is owned by insiders.

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.