Sentry Investment Management LLC Sells 233 Shares of The Allstate Co. (NYSE:ALL)

Sentry Investment Management LLC cut its holdings in shares of The Allstate Co. (NYSE:ALL) by 17.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,138 shares of the insurance provider’s stock after selling 233 shares during the period. Sentry Investment Management LLC’s holdings in Allstate were worth $182,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Allstate by 9.2% in the second quarter. LPL Financial LLC now owns 200,939 shares of the insurance provider’s stock valued at $32,082,000 after acquiring an additional 16,846 shares during the last quarter. HHM Wealth Advisors LLC increased its position in shares of Allstate by 11.2% during the 2nd quarter. HHM Wealth Advisors LLC now owns 1,637 shares of the insurance provider’s stock worth $261,000 after purchasing an additional 165 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Allstate by 15.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 36,319 shares of the insurance provider’s stock worth $5,798,000 after purchasing an additional 4,782 shares in the last quarter. Andra AP fonden bought a new stake in shares of Allstate during the 2nd quarter worth approximately $9,739,000. Finally, Longfellow Investment Management Co. LLC acquired a new stake in shares of Allstate in the 2nd quarter valued at approximately $399,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Allstate Stock Performance

Shares of NYSE:ALL opened at $184.39 on Thursday. The Allstate Co. has a 12-month low of $107.85 and a 12-month high of $191.33. The company’s 50 day moving average price is $175.30 and its two-hundred day moving average price is $168.73. The firm has a market cap of $48.66 billion, a PE ratio of 40.70, a PEG ratio of 1.75 and a beta of 0.48. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49.

Allstate (NYSE:ALL) last issued its quarterly 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 business had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.04 billion. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($4.42) earnings per share. Equities research analysts predict that The Allstate Co. will post 15.16 earnings per share for the current 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 paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Morgan Stanley reduced their price target on Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. JPMorgan Chase & Co. upped their price objective on Allstate from $193.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, Wells Fargo & Company reduced their target price 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

About Allstate

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.