SG Trading Solutions LLC purchased a new position in The Allstate Corporation (NYSE:ALL – Free Report) in the fourth quarter, Holdings Channel.com reports. The fund purchased 5,956 shares of the insurance provider’s stock, valued at approximately $1,240,000.
Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in Allstate by 16.2% during the 4th quarter. Pacer Advisors Inc. now owns 32,301 shares of the insurance provider’s stock valued at $6,723,000 after purchasing an additional 4,494 shares during the period. Kera Capital Partners Inc. bought a new position in shares of Allstate in the 4th quarter worth approximately $202,000. MV Capital Management Inc. purchased a new position in shares of Allstate in the 4th quarter valued at approximately $25,000. Sunbelt Securities Inc. boosted its position in shares of Allstate by 30.4% during the fourth quarter. Sunbelt Securities Inc. now owns 1,288 shares of the insurance provider’s stock valued at $268,000 after purchasing an additional 300 shares in the last quarter. Finally, Cambient Family Office LLC bought a new stake in shares of Allstate during the 4th quarter valued at $244,000. Institutional investors own 76.47% of the company’s stock.
Allstate Price Performance
ALL opened at $220.72 on Friday. The firm has a market cap of $56.82 billion, a PE ratio of 4.87, a P/E/G ratio of 0.40 and a beta of 0.18. The stock has a 50-day moving average price of $215.78 and a 200-day moving average price of $209.15. The Allstate Corporation has a 1 year low of $188.08 and a 1 year high of $227.62. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36.
Allstate Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $4.32 annualized dividend and a dividend yield of 2.0%. Allstate’s dividend payout ratio (DPR) is 9.53%.
Insider Buying and Selling
In other Allstate news, insider Mark Q. Prindiville sold 1,550 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $216.27, for a total transaction of $335,218.50. Following the sale, the insider directly owned 27,558 shares in the company, valued at approximately $5,959,968.66. This trade represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the completion of the sale, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at approximately $17,991,267.60. The trade was a 18.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,353 shares of company stock worth $4,851,560 in the last three months. Insiders own 1.55% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $231.00 price target on shares of Allstate in a research note on Thursday, March 5th. Weiss Ratings upgraded shares of Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, March 23rd. Wells Fargo & Company raised their target price on shares of Allstate from $229.00 to $243.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. 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 report on Friday, March 20th. Finally, Keefe, Bruyette & Woods cut Allstate from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $266.00 to $242.00 in a research report on Monday, June 8th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $240.33.
Check Out Our Latest Analysis on ALL
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.
Recommended Stories
- Five stocks we like better than Allstate
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Allstate Corporation (NYSE:ALL – Free Report).
Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.
