Venture Visionary Partners LLC Acquires 17,278 Shares of The Allstate Corporation $ALL

Venture Visionary Partners LLC raised its holdings in shares of The Allstate Corporation (NYSE:ALL) by 601.8% in the 4th quarter, Holdings Channel reports. The firm owned 20,149 shares of the insurance provider’s stock after purchasing an additional 17,278 shares during the quarter. Venture Visionary Partners LLC’s holdings in Allstate were worth $4,194,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CIBC Bancorp USA Inc. bought a new stake in shares of Allstate in the third quarter valued at about $7,814,000. Elo Mutual Pension Insurance Co grew its stake in Allstate by 39.6% in the third quarter. Elo Mutual Pension Insurance Co now owns 40,298 shares of the insurance provider’s stock valued at $8,650,000 after purchasing an additional 11,431 shares during the last quarter. Mezzasalma Advisors LLC grew its stake in Allstate by 58.6% in the fourth quarter. Mezzasalma Advisors LLC now owns 23,918 shares of the insurance provider’s stock valued at $4,875,000 after purchasing an additional 8,837 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Allstate by 5.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552,120 shares of the insurance provider’s stock valued at $112,533,000 after purchasing an additional 26,586 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG grew its stake in Allstate by 28.9% in the third quarter. B. Metzler seel. Sohn & Co. AG now owns 50,408 shares of the insurance provider’s stock valued at $10,820,000 after purchasing an additional 11,297 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Allstate Price Performance

Shares of ALL stock opened at $221.54 on Tuesday. The Allstate Corporation has a fifty-two week low of $188.08 and a fifty-two week high of $227.62. The firm has a market capitalization of $57.03 billion, a price-to-earnings ratio of 4.89, a PEG ratio of 0.40 and a beta of 0.19. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.36 and a current ratio of 0.36. The stock’s 50-day simple moving average is $214.97 and its 200-day simple moving average is $208.98.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The business had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. During the same quarter in the previous year, the firm earned $3.53 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. As a group, equities analysts forecast that The Allstate Corporation will post 29.43 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a dividend of $1.08 per share. The ex-dividend date is Monday, June 1st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.0%. Allstate’s payout ratio is presently 9.53%.

Insider Transactions at Allstate

In other news, Director Andrea Redmond sold 2,225 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $202.91, for a total transaction of $451,474.75. Following the sale, the director owned 2,225 shares in the company, valued at approximately $451,474.75. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Q. Prindiville sold 1,550 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $216.27, for a total value of $335,218.50. Following the sale, the insider owned 27,558 shares in the company, valued at $5,959,968.66. The trade was a 5.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 22,353 shares of company stock worth $4,851,560. Insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ALL. Keefe, Bruyette & Woods lowered Allstate from an “outperform” rating to a “market perform” rating and cut their target price for the company from $266.00 to $242.00 in a research note on Monday, June 8th. Wall Street Zen lowered Allstate from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research lowered Allstate from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Barclays lifted their target price on Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings upgraded Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, March 23rd. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $240.33.

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.