Blue Trust Inc. Buys 2,787 Shares of The Allstate Corporation $ALL

Blue Trust Inc. boosted its stake in shares of The Allstate Corporation (NYSE:ALL) by 117.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,151 shares of the insurance provider’s stock after buying an additional 2,787 shares during the quarter. Blue Trust Inc.’s holdings in Allstate were worth $1,068,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ALL. South Plains Financial Inc. raised its position in shares of Allstate by 41.5% during the third quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 49 shares during the last quarter. Coldstream Capital Management Inc. increased its position in Allstate by 0.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 7,809 shares of the insurance provider’s stock valued at $1,625,000 after purchasing an additional 50 shares during the period. Compound Planning Inc. increased its position in Allstate by 1.6% during the 4th quarter. Compound Planning Inc. now owns 3,216 shares of the insurance provider’s stock valued at $669,000 after purchasing an additional 50 shares during the period. Humankind Investments LLC raised its holdings in Allstate by 4.5% during the 3rd quarter. Humankind Investments LLC now owns 1,191 shares of the insurance provider’s stock worth $256,000 after purchasing an additional 51 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in Allstate by 0.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider’s stock worth $1,210,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 3.5%

ALL stock opened at $239.77 on Friday. The stock has a market cap of $61.72 billion, a P/E ratio of 5.29, a P/E/G ratio of 0.41 and a beta of 0.18. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $217.68 and its two-hundred day simple moving average is $210.10. The Allstate Corporation has a 1-year low of $188.08 and a 1-year high of $240.16.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.31 by $3.34. The firm had revenue of $16.94 billion during the quarter, compared to analyst estimates of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The business’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $3.53 EPS. Analysts expect that The Allstate Corporation will post 29.75 EPS for the current year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, June 1st. Allstate’s dividend payout ratio (DPR) is 9.53%.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Allstate from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Mizuho lowered their target price on shares of Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Zacks Research cut shares of Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Allstate in a report on Thursday, June 18th. Finally, Barclays lifted their price objective on Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 8th. Three equities research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $240.33.

Insiders Place Their Bets

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

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.