The Allstate Co. (NYSE:ALL) Stake Increased by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC increased its stake in The Allstate Co. (NYSE:ALL) by 1.1% in the third quarter, Holdings Channel reports. The institutional investor owned 16,261 shares of the insurance provider’s stock after acquiring an additional 183 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Allstate were worth $3,084,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Rise Advisors LLC bought a new stake in Allstate during the first quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new stake in Allstate in the first quarter worth about $26,000. Versant Capital Management Inc lifted its holdings in Allstate by 70.9% in 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. Family Firm Inc. acquired a new stake in Allstate in the second quarter worth about $38,000. Finally, MCF Advisors LLC lifted its holdings in Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 84 shares during the period. Institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ALL. The Goldman Sachs Group boosted 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. Piper Sandler increased their price target on shares of Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Barclays assumed coverage on Allstate in a report on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 price objective on the stock. Keefe, Bruyette & Woods increased their price target on Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, TD Cowen increased their price target on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average target price of $196.41.

Insider Buying and Selling

In other Allstate news, insider Suren Gupta sold 45,775 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 89,930 shares of the company’s stock, valued at $15,942,790.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Suren Gupta sold 45,775 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the completion of the sale, the insider now directly owns 89,930 shares in the company, valued at $15,942,790.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Elizabeth Brady sold 49,481 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $179.09, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 238,305 shares of company stock valued at $43,082,657. Company insiders own 1.80% of the company’s stock.

Allstate Stock Up 0.7 %

ALL traded up $1.32 during trading on Wednesday, hitting $184.19. The company had a trading volume of 174,091 shares, compared to its average volume of 1,545,572. The company has a market capitalization of $48.61 billion, a PE ratio of 40.18, a PEG ratio of 1.81 and a beta of 0.48. The Allstate Co. has a one year low of $113.04 and a one year high of $193.97. The firm’s 50-day moving average price is $183.60 and its 200 day moving average price is $172.72. 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, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $14.04 billion. During the same period in the previous year, the business earned ($4.42) EPS. The company’s revenue was up 12.4% compared to the same quarter last year. As a group, equities analysts expect that The Allstate Co. will post 15.2 earnings per share for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, August 30th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, August 30th. Allstate’s payout ratio is 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.