The Allstate Corporation (NYSE:ALL – Get Free Report) insider Mark Prindiville sold 1,550 shares of Allstate stock in a transaction dated 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 directly owned 27,558 shares in the company, valued at $5,959,968.66. This trade represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Allstate Price Performance
Shares of ALL stock opened at $207.46 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The firm’s 50-day moving average is $212.66 and its two-hundred day moving average is $208.57. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $227.62. The company has a market capitalization of $53.40 billion, a PE ratio of 4.58, a price-to-earnings-growth ratio of 0.38 and a beta of 0.21.
Allstate (NYSE:ALL – Get Free Report) last issued its 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 net margin of 17.81% and a return on equity of 42.66%. The company had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same period in the previous year, the firm earned $3.53 earnings per share. Allstate’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts predict that The Allstate Corporation will post 29.11 earnings per share for the current year.
Allstate Dividend Announcement
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on ALL shares. Citigroup boosted their price target on shares of Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Cantor Fitzgerald reissued a “neutral” rating and issued a $220.00 price target on shares of Allstate in a research note on Thursday, February 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $231.00 price target on shares of Allstate in a research note on Thursday, March 5th. Wall Street Zen downgraded shares of Allstate from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Zacks Research downgraded shares of Allstate from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and an average target price of $241.67.
Get Our Latest Stock Report on ALL
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in ALL. Brighton Jones LLC grew its holdings in shares of Allstate by 60.2% in the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after purchasing an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Allstate in the fourth quarter valued at approximately $231,000. WINTON GROUP Ltd acquired a new position in shares of Allstate in the second quarter valued at approximately $210,000. Treasurer of the State of North Carolina grew its holdings in shares of Allstate by 2.5% in the second quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider’s stock valued at $24,816,000 after purchasing an additional 3,051 shares in the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of Allstate by 20.1% in the second quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider’s stock valued at $7,713,000 after purchasing an additional 6,412 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.
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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