Allworth Financial LP reduced its stake in The Allstate Corporation (NYSE:ALL – Free Report) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,416 shares of the insurance provider’s stock after selling 2,626 shares during the period. Allworth Financial LP’s holdings in Allstate were worth $12,992,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Navalign LLC purchased a new position in Allstate in the fourth quarter worth about $27,000. Dorato Capital Management purchased a new stake in shares of Allstate during the fourth quarter valued at approximately $27,000. Palisade Asset Management LLC purchased a new stake in shares of Allstate during the third quarter valued at approximately $31,000. Princeton Global Asset Management LLC increased its position in shares of Allstate by 101.3% during the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 76 shares in the last quarter. Finally, South Plains Financial Inc. increased 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 valued at $36,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.
Insider Buying and Selling
In other Allstate news, COO Mario Rizzo sold 18,578 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the sale, the chief operating officer owned 82,227 shares in the company, valued at approximately $17,991,267.60. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.55% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Allstate
Allstate Price Performance
NYSE ALL opened at $216.29 on Friday. The business’s fifty day moving average is $211.13 and its 200 day moving average is $206.99. The Allstate Corporation has a fifty-two week low of $188.08 and a fifty-two week high of $222.23. 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 company has a market capitalization of $55.68 billion, a PE ratio of 4.77, a price-to-earnings-growth ratio of 0.39 and a beta of 0.21.
Allstate (NYSE:ALL – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS 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 during the quarter, compared to analysts’ expectations of $15.24 billion. During the same quarter in the prior year, the business posted $3.53 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Sell-side analysts predict that The Allstate Corporation will post 28.82 earnings per share for the current year.
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.
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