Aprio Wealth Management LLC Buys 76 Shares of The Allstate Co. (NYSE:ALL)

Aprio Wealth Management LLC lifted its stake in shares of The Allstate Co. (NYSE:ALL) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,360 shares of the insurance provider’s stock after acquiring an additional 76 shares during the quarter. Aprio Wealth Management LLC’s holdings in Allstate were worth $258,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rise Advisors LLC bought a new position in shares of Allstate during the 1st quarter valued at approximately $26,000. Northwest Investment Counselors LLC bought a new position in shares of Allstate during the 1st quarter valued at approximately $26,000. Versant Capital Management Inc grew its stake in shares of Allstate by 70.9% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 78 shares during the period. Family Firm Inc. bought a new position in shares of Allstate during the 2nd quarter valued at approximately $38,000. Finally, MCF Advisors LLC lifted its holdings in Allstate by 33.9% in the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 84 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Allstate

In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the company’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 owns 88,552 shares of the company’s stock, valued at $15,880,915.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the company’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 owns 88,552 shares of the company’s stock, valued at $15,880,915.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Suren Gupta sold 45,775 shares of the stock in a transaction 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 directly owns 89,930 shares in the company, valued at $15,942,790.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 238,305 shares of company stock valued at $43,082,657 in the last quarter. 1.80% of the stock is owned by insiders.

Allstate Stock Performance

NYSE ALL opened at $182.87 on Wednesday. The company has a market cap of $48.26 billion, a P/E ratio of 40.37, a P/E/G ratio of 1.81 and a beta of 0.48. 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 business’s 50 day moving average price is $183.42 and its 200-day moving average price is $172.59. The Allstate Co. has a fifty-two week low of $112.42 and a fifty-two week high of $193.97.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, beating the consensus estimate of $0.33 by $1.28. The company 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%. Allstate’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($4.42) EPS. Sell-side analysts predict that The Allstate Co. will post 15.2 earnings per share for the current year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, August 30th. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

Analysts Set New Price Targets

ALL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Wells Fargo & Company lowered their price target on Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a report on Friday, August 16th. Morgan Stanley lowered their price target on Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Piper Sandler boosted their price target on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $200.00 price objective on shares of Allstate in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.12.

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.