The Allstate Co. (NYSE:ALL) Stock Holdings Lessened by Insight 2811 Inc.

Insight 2811 Inc. lessened its holdings in shares of The Allstate Co. (NYSE:ALL) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,149 shares of the insurance provider’s stock after selling 100 shares during the period. Insight 2811 Inc.’s holdings in Allstate were worth $343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. acquired a new position in Allstate during the 1st quarter worth $25,000. Private Wealth Management Group LLC bought a new position in Allstate in the 4th quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in shares of Allstate in the 1st quarter worth approximately $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate during the 1st quarter valued at $26,000. Finally, Versant Capital Management Inc raised its position in shares of Allstate by 70.9% during the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 78 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Allstate

In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the transaction, the chief executive officer now owns 88,552 shares in the company, valued at $15,880,915.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the sale, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Elizabeth Brady sold 49,481 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the completion of the transaction, the executive vice president now owns 19,163 shares in the company, valued at $3,431,901.67. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,938 shares of company stock valued at $36,122,740. Corporate insiders own 1.80% of the company’s stock.

Allstate Stock Down 0.2 %

Shares of ALL traded down $0.40 during mid-day trading on Friday, hitting $185.36. 1,687,591 shares of the company’s stock were exchanged, compared to its average volume of 1,573,542. The stock has a market cap of $48.92 billion, a price-to-earnings ratio of 40.92, a P/E/G ratio of 1.78 and a beta of 0.48. The firm has a fifty day moving average of $173.77 and a two-hundred day moving average of $168.18. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. The Allstate Co. has a twelve month low of $105.85 and a twelve month high of $191.33.

Allstate (NYSE:ALL) last issued its quarterly earnings data 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. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.04 billion. During the same period in the prior year, the company posted ($4.42) earnings per share. Allstate’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, sell-side analysts forecast that The Allstate Co. will post 15.14 earnings per share for the current year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s payout ratio is 81.24%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ALL shares. JPMorgan Chase & Co. lifted their target price on shares of Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Keefe, Bruyette & Woods boosted their target price on shares of Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Barclays started coverage on Allstate in a research report on Wednesday. They issued an “underweight” rating and a $175.00 target price for the company. Wells Fargo & Company reduced their price objective on Allstate from $177.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Finally, Morgan Stanley lowered their target price on Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.76.

Allstate 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.