Private Advisor Group LLC Has $2.06 Million Holdings in The Allstate Co. (NYSE:ALL)

Private Advisor Group LLC increased its holdings in The Allstate Co. (NYSE:ALL) by 5.9% in the second quarter, Holdings Channel reports. The institutional investor owned 12,906 shares of the insurance provider’s stock after buying an additional 717 shares during the period. Private Advisor Group LLC’s holdings in Allstate were worth $2,061,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of Allstate during the 1st quarter worth $26,000. Northwest Investment Counselors LLC acquired a new position in Allstate during the first quarter worth about $26,000. Private Wealth Management Group LLC bought a new position in shares of Allstate in the fourth quarter worth about $25,000. Versant Capital Management Inc boosted its stake in shares of Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Finally, Family Firm Inc. bought a new stake in shares of Allstate during the 2nd quarter valued at approximately $38,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on ALL shares. The Goldman Sachs Group raised their target price on shares of Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. TD Cowen boosted their price objective on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. increased their target price on Allstate from $193.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Roth Mkm restated a “buy” rating and set a $200.00 price target on shares of Allstate in a report on Wednesday, August 14th. Finally, Wells Fargo & Company cut their target price on shares of Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $192.76.

Insider Activity at Allstate

In other Allstate news, insider Suren Gupta sold 45,775 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $177.28, for a total value of $8,114,992.00. Following the transaction, the insider now owns 89,930 shares in the company, valued at $15,942,790.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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. Also, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the sale, the executive vice president now directly owns 4,873 shares of the company’s stock, valued at $877,968.41. The disclosure for this sale can be found here. Insiders sold 201,938 shares of company stock valued at $36,122,740 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Allstate Trading Up 1.2 %

Shares of ALL stock opened at $188.30 on Friday. The Allstate Co. has a fifty-two week low of $108.16 and a fifty-two week high of $191.33. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a 50 day simple moving average of $176.43 and a two-hundred day simple moving average of $169.04. The company has a market cap of $49.72 billion, a P/E ratio of 41.57, a PEG ratio of 1.74 and a beta of 0.48.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $0.33 by $1.28. The company had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. Allstate’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($4.42) EPS. Research analysts forecast that The Allstate Co. will post 15.16 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be paid a $0.92 dividend. The ex-dividend date is Friday, August 30th. This represents a $3.68 annualized dividend and a dividend yield of 1.95%. Allstate’s dividend payout ratio is presently 81.24%.

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.