The Allstate Co. (NYSE:ALL) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. decreased its position in shares of The Allstate Co. (NYSE:ALL) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,416 shares of the insurance provider’s stock after selling 74 shares during the quarter. Fulton Bank N.A.’s holdings in Allstate were worth $545,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of ALL. SageView Advisory Group LLC acquired a new stake in Allstate during the 4th quarter worth about $456,000. Rafferty Asset Management LLC increased its holdings in shares of Allstate by 5.7% in the 4th quarter. Rafferty Asset Management LLC now owns 92,753 shares of the insurance provider’s stock valued at $12,984,000 after purchasing an additional 4,987 shares during the period. Lighthouse Investment Partners LLC acquired a new position in shares of Allstate in the 4th quarter valued at about $5,927,000. Mizuho Markets Americas LLC bought a new stake in shares of Allstate in the 4th quarter valued at approximately $52,042,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Allstate by 55.8% in the 1st quarter. BNP Paribas Financial Markets now owns 218,629 shares of the insurance provider’s stock valued at $37,825,000 after buying an additional 78,316 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insiders Place Their Bets

In other Allstate news, insider Suren Gupta sold 45,775 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $177.28, for a total value of $8,114,992.00. Following the transaction, the insider now directly owns 89,930 shares of the company’s stock, valued at $15,942,790.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Allstate Stock Performance

ALL stock traded up $2.46 during trading hours on Wednesday, reaching $172.25. The stock had a trading volume of 452,997 shares, compared to its average volume of 1,572,617. The stock has a market capitalization of $45.46 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 1.86 and a beta of 0.48. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a 50-day simple moving average of $164.87 and a 200 day simple moving average of $164.55. The Allstate Co. has a fifty-two week low of $104.29 and a fifty-two week high of $180.87.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28. The company had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. Allstate’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company posted ($4.42) EPS. Analysts predict that The Allstate Co. will post 13.64 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. BMO Capital Markets boosted their price target on Allstate from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday. StockNews.com raised Allstate from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. Morgan Stanley reduced their price objective on Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Wells Fargo & Company increased their price objective on Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a research report on Friday, May 10th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $194.00 price objective on shares of Allstate in a research report on Friday, July 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and an average price target of $184.06.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.