Perigon Wealth Management LLC bought a new stake in shares of The Allstate Corporation (NYSE:ALL – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,366 shares of the insurance provider’s stock, valued at approximately $1,277,000.
Other institutional investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. boosted its holdings in shares of Allstate by 0.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 7,809 shares of the insurance provider’s stock worth $1,625,000 after acquiring an additional 50 shares during the period. Compound Planning Inc. raised its stake in shares of Allstate by 1.6% during the 4th quarter. Compound Planning Inc. now owns 3,216 shares of the insurance provider’s stock valued at $669,000 after purchasing an additional 50 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in Allstate by 0.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider’s stock worth $1,210,000 after purchasing an additional 52 shares in the last quarter. Root Financial Partners LLC lifted its holdings in Allstate by 4.7% during the 1st quarter. Root Financial Partners LLC now owns 1,170 shares of the insurance provider’s stock worth $243,000 after purchasing an additional 53 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its stake in Allstate by 10.2% in the 4th quarter. Montag A & Associates Inc. now owns 596 shares of the insurance provider’s stock worth $125,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.
Insider Activity at Allstate
In other Allstate news, insider Mark Q. Prindiville sold 1,550 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $216.27, for a total value of $335,218.50. Following the completion of the transaction, the insider owned 27,558 shares of the company’s stock, valued at $5,959,968.66. The trade was a 5.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea Redmond sold 2,225 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $202.91, for a total transaction of $451,474.75. Following the completion of the transaction, the director directly owned 2,225 shares in the company, valued at $451,474.75. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 92,996 shares of company stock valued at $24,543,894. Company insiders own 1.55% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on Allstate
Allstate Price Performance
Allstate stock opened at $261.27 on Wednesday. The stock has a market cap of $66.06 billion, a price-to-earnings ratio of 5.22, a PEG ratio of 0.41 and a beta of 0.16. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $248.26 and a 200 day simple moving average of $223.92. The Allstate Corporation has a 52 week low of $188.08 and a 52 week high of $277.22.
Allstate (NYSE:ALL – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, beating the consensus estimate of $6.06 by $2.93. The firm had revenue of $15.43 billion for the quarter, compared to analysts’ expectations of $15.46 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $5.94 EPS. On average, research analysts forecast that The Allstate Corporation will post 34.2 earnings per share for the current fiscal year.
Allstate Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, August 31st. Allstate’s dividend payout ratio is 8.63%.
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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