Chris Bulman Inc Takes Position in The Allstate Co. (NYSE:ALL)

Chris Bulman Inc bought a new position in The Allstate Co. (NYSE:ALL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,166 shares of the insurance provider’s stock, valued at approximately $665,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALL. Fisher Asset Management LLC acquired a new position in shares of Allstate in the fourth quarter valued at $275,000. Accretive Wealth Partners LLC acquired a new position in Allstate during the 4th quarter worth about $201,000. 9258 Wealth Management LLC lifted its position in shares of Allstate by 10.9% during the fourth quarter. 9258 Wealth Management LLC now owns 10,034 shares of the insurance provider’s stock worth $1,405,000 after purchasing an additional 987 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Allstate by 16.6% in the fourth quarter. Private Advisor Group LLC now owns 12,218 shares of the insurance provider’s stock valued at $1,710,000 after purchasing an additional 1,741 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its stake in shares of Allstate by 18.6% in the 4th quarter. Wealthspire Advisors LLC now owns 2,491 shares of the insurance provider’s stock valued at $349,000 after buying an additional 391 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Down 0.2 %

Shares of NYSE ALL opened at $185.36 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $173.77 and its 200 day simple moving average is $168.18. The firm has a market cap of $48.92 billion, a PE ratio of 40.92, a P/E/G ratio of 1.78 and a beta of 0.48. The Allstate Co. has a 12-month low of $105.85 and a 12-month high of $191.33.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $14.04 billion. During the same period in the prior year, the firm earned ($4.42) earnings per share. Allstate’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, sell-side analysts forecast that The Allstate Co. will post 15.14 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Friday, August 30th. Allstate’s dividend payout ratio is 81.24%.

Analyst Ratings Changes

A number of research firms have commented on ALL. Piper Sandler lifted their target price on shares of Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Keefe, Bruyette & Woods boosted their price objective on Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Barclays began coverage on Allstate in a report on Wednesday. They issued an “underweight” rating and a $175.00 price target on the stock. TD Cowen lifted their target price on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, StockNews.com downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.76.

Insider Transactions at Allstate

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

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.