SG Americas Securities LLC decreased its holdings in The Allstate Corporation (NYSE:ALL – Free Report) by 16.1% in the first quarter, HoldingsChannel.com reports. The firm owned 139,372 shares of the insurance provider’s stock after selling 26,658 shares during the quarter. SG Americas Securities LLC’s holdings in Allstate were worth $28,897,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of ALL. State Street Corp increased its position in shares of Allstate by 3.7% in the fourth quarter. State Street Corp now owns 12,297,551 shares of the insurance provider’s stock valued at $2,571,600,000 after buying an additional 438,034 shares in the last quarter. GQG Partners LLC lifted its position in shares of Allstate by 36.0% during the 4th quarter. GQG Partners LLC now owns 5,488,560 shares of the insurance provider’s stock valued at $1,142,449,000 after buying an additional 1,452,993 shares in the last quarter. Franklin Resources Inc. grew its stake in Allstate by 29.2% in the 4th quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock valued at $1,042,321,000 after acquiring an additional 1,131,172 shares during the period. Boston Partners grew its stake in Allstate by 14.9% in the 3rd quarter. Boston Partners now owns 3,050,780 shares of the insurance provider’s stock valued at $654,652,000 after acquiring an additional 395,195 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in Allstate by 3.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,793,645 shares of the insurance provider’s stock worth $562,388,000 after acquiring an additional 88,620 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Allstate
In related news, insider Mark Q. Prindiville sold 1,550 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $216.27, for a total transaction of $335,218.50. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea Redmond sold 2,225 shares of Allstate 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 transaction, the director directly owned 2,225 shares in the company, valued at $451,474.75. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 22,353 shares of company stock valued at $4,851,560. 1.55% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
View Our Latest Research Report on ALL
Allstate Price Performance
NYSE:ALL opened at $232.33 on Wednesday. The Allstate Corporation has a one year low of $188.08 and a one year high of $232.39. The stock has a market cap of $59.81 billion, a PE ratio of 5.13, a P/E/G ratio of 0.40 and a beta of 0.18. 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 has a 50 day moving average price of $216.53 and a 200 day moving average price of $209.49.
Allstate (NYSE:ALL – Get Free Report) last issued 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. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The company had revenue of $16.94 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same period in the prior year, the business earned $3.53 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that The Allstate Corporation will post 29.55 EPS for the current fiscal year.
Allstate Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders 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 1.9%. Allstate’s payout ratio is presently 9.53%.
About Allstate
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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