Summit Financial LLC purchased a new position in shares of The Allstate Co. (NYSE:ALL – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,243 shares of the insurance provider’s stock, valued at approximately $360,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Premier Path Wealth Partners LLC lifted its position in Allstate by 2.5% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,457 shares of the insurance provider’s stock worth $392,000 after acquiring an additional 61 shares during the period. Versant Capital Management Inc lifted its position in Allstate by 70.9% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 78 shares during the period. Beacon Capital Management LLC lifted its position in Allstate by 8.2% during the 2nd quarter. Beacon Capital Management LLC now owns 1,039 shares of the insurance provider’s stock worth $166,000 after acquiring an additional 79 shares during the period. Lodestone Wealth Management LLC lifted its position in Allstate by 4.8% during the 2nd quarter. Lodestone Wealth Management LLC now owns 1,738 shares of the insurance provider’s stock worth $277,000 after acquiring an additional 80 shares during the period. Finally, St. Johns Investment Management Company LLC lifted its position in Allstate by 2.2% during the 4th quarter. St. Johns Investment Management Company LLC now owns 3,955 shares of the insurance provider’s stock worth $554,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.
Insider Activity
In other news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 88,552 shares in the company, valued at $15,880,915.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Suren Gupta sold 45,775 shares of the company’s 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 completion of the sale, the insider now directly owns 89,930 shares in the company, valued at $15,942,790.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of the company’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 sale, the chief executive officer now owns 88,552 shares of the company’s stock, valued at $15,880,915.68. The disclosure for this sale can be found here. Insiders sold 201,938 shares of company stock worth $36,122,740 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.
Analyst Ratings Changes
View Our Latest Analysis on Allstate
Allstate Price Performance
NYSE:ALL opened at $189.20 on Wednesday. The Allstate Co. has a 12 month low of $105.85 and a 12 month high of $191.33. The stock has a 50 day moving average of $172.11 and a two-hundred day moving average of $167.68. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. The firm has a market cap of $49.93 billion, a P/E ratio of 41.77, a price-to-earnings-growth ratio of 1.78 and a beta of 0.48.
Allstate (NYSE:ALL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, topping the consensus estimate of $0.33 by $1.28. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The company had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.04 billion. During the same period in the previous year, the business earned ($4.42) EPS. Allstate’s quarterly revenue was up 12.4% on a year-over-year basis. On average, analysts expect that The Allstate Co. will post 15.14 earnings per share for the current fiscal year.
Allstate Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be given a $0.92 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.95%. Allstate’s dividend payout ratio (DPR) 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.
Further Reading
- Five stocks we like better than Allstate
- What Do S&P 500 Stocks Tell Investors About the Market?
- 3 Small Cap Stocks That Insiders Are Buying
- When to Sell a Stock for Profit or Loss
- Analysts Forecast Big Upside for Western Digital—Don’t Miss Out
- The How and Why of Investing in Gold Stocks
- 3 Must-Own Stocks for Bullish Investors in Today’s Market
Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Allstate Co. (NYSE:ALL – Free Report).
Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.