Insight 2811 Inc. Trims Stock Holdings in The Allstate Co. (NYSE:ALL)

Insight 2811 Inc. lessened its stake in shares of The Allstate Co. (NYSE:ALL) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,149 shares of the insurance provider’s stock after selling 100 shares during the quarter. Insight 2811 Inc.’s holdings in Allstate were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ALL. Ballentine Partners LLC raised its holdings in Allstate by 1.6% in the 2nd quarter. Ballentine Partners LLC now owns 12,749 shares of the insurance provider’s stock valued at $2,036,000 after acquiring an additional 200 shares during the last quarter. Caprock Group LLC increased its stake in Allstate by 22.7% in the second quarter. Caprock Group LLC now owns 13,250 shares of the insurance provider’s stock valued at $2,128,000 after purchasing an additional 2,455 shares during the last quarter. Certuity LLC purchased a new position in Allstate during the second quarter worth about $202,000. Custom Index Systems LLC boosted its stake in Allstate by 18.4% in the 2nd quarter. Custom Index Systems LLC now owns 2,816 shares of the insurance provider’s stock worth $450,000 after buying an additional 437 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Allstate by 3,839.0% in the 2nd quarter. Acadian Asset Management LLC now owns 416,117 shares of the insurance provider’s stock valued at $66,417,000 after buying an additional 405,553 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

In other news, EVP Robert Toohey sold 16,682 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 4,873 shares in the company, valued at approximately $877,968.41. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Suren Gupta sold 45,775 shares of Allstate stock in a transaction dated 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 transaction, the insider now directly owns 89,930 shares in the company, valued at $15,942,790.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Toohey sold 16,682 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the sale, the executive vice president now owns 4,873 shares in the company, valued at approximately $877,968.41. 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 90 days. 1.80% of the stock is owned by corporate insiders.

Allstate Stock Down 0.2 %

Shares of NYSE ALL traded down $0.40 during trading on Friday, reaching $185.36. 1,687,591 shares of the stock were exchanged, compared to its average volume of 1,573,542. The business’s 50-day moving average price is $173.77 and its 200 day moving average price is $168.18. The company has a market capitalization of $48.92 billion, a price-to-earnings ratio of 40.92, a price-to-earnings-growth ratio of 1.78 and a beta of 0.48. The Allstate Co. has a twelve month low of $105.85 and a twelve month high of $191.33. 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 data on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28. The firm had revenue of $15.71 billion for 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%. The firm’s revenue 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. As a group, equities analysts forecast that The Allstate Co. will post 15.14 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be issued a $0.92 dividend. 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 currently 81.24%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ALL. Morgan Stanley cut their price objective on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. StockNews.com lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Piper Sandler upped their price objective on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. TD Cowen increased their target price on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Barclays assumed coverage on Allstate in a research report on Wednesday. They set an “underweight” rating and a $175.00 price target for the company. One 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.

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.