Wealthfront Advisers LLC Acquires 2,269 Shares of The Allstate Corporation $ALL

Wealthfront Advisers LLC grew its position in shares of The Allstate Corporation (NYSE:ALLFree Report) by 5.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,815 shares of the insurance provider’s stock after buying an additional 2,269 shares during the quarter. Wealthfront Advisers LLC’s holdings in Allstate were worth $8,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ALL. Coldstream Capital Management Inc. increased its position in shares of 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 last quarter. Compound Planning Inc. grew its position in Allstate by 1.6% during the fourth quarter. Compound Planning Inc. now owns 3,216 shares of the insurance provider’s stock valued at $669,000 after buying an additional 50 shares during the period. Cullen Frost Bankers Inc. increased its holdings in Allstate by 0.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider’s stock valued at $1,210,000 after buying an additional 52 shares during the last quarter. Root Financial Partners LLC raised its position in Allstate by 4.7% in the first quarter. Root Financial Partners LLC now owns 1,170 shares of the insurance provider’s stock worth $243,000 after acquiring an additional 53 shares during the period. Finally, Montag A & Associates Inc. boosted its stake in shares of Allstate by 10.2% during the 4th quarter. Montag A & Associates Inc. now owns 596 shares of the insurance provider’s stock worth $125,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insider Transactions at Allstate

In related news, COO Mario Rizzo sold 18,578 shares of the company’s stock in a transaction 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 completion of the transaction, the chief operating officer owned 82,227 shares in the company, valued at approximately $17,991,267.60. This represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Q. Prindiville sold 1,550 shares of the company’s 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 transaction, the insider owned 27,558 shares of the company’s stock, valued at approximately $5,959,968.66. This represents a 5.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 22,353 shares of company stock valued at $4,851,560. 1.55% of the stock is currently owned by corporate insiders.

Allstate Stock Performance

NYSE:ALL opened at $249.84 on Friday. The stock has a 50-day moving average price of $227.29 and a 200 day moving average price of $214.36. The stock has a market capitalization of $64.31 billion, a P/E ratio of 5.51, a P/E/G ratio of 0.42 and a beta of 0.16. The Allstate Corporation has a 12-month low of $188.08 and a 12-month high of $257.67. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALLGet Free Report) last posted 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 company had revenue of $16.94 billion for the quarter, compared to analysts’ expectations of $15.24 billion. During the same period in the previous year, the firm earned $3.53 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts forecast that The Allstate Corporation will post 30.26 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st. Allstate’s payout ratio is 9.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ALL shares. Roth Capital reissued a “buy” rating and set a $275.00 price objective on shares of Allstate in a research report on Friday. Atlantic Securities set a $319.00 target price on Allstate in a research report on Wednesday. Raymond James Financial upped their price target on Allstate from $260.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 6th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Allstate in a research report on Thursday, June 18th. Finally, UBS Group downgraded Allstate from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $255.00 to $261.00 in a research note on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $254.80.

Read Our Latest Stock Report on ALL

Allstate Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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