The Allstate Co. (NYSE:ALL) Position Cut by Private Trust Co. NA

Private Trust Co. NA cut its holdings in shares of The Allstate Co. (NYSE:ALL) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,165 shares of the insurance provider’s stock after selling 212 shares during the period. Private Trust Co. NA’s holdings in Allstate were worth $1,169,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caxton Associates LP acquired a new position in shares of Allstate during the 1st quarter valued at $490,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Allstate by 28.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,945 shares of the insurance provider’s stock worth $683,000 after acquiring an additional 873 shares in the last quarter. Levin Capital Strategies L.P. purchased a new stake in shares of Allstate during the 1st quarter worth about $225,000. Tidal Investments LLC raised its position in Allstate by 35.4% during the first quarter. Tidal Investments LLC now owns 27,999 shares of the insurance provider’s stock valued at $4,844,000 after acquiring an additional 7,324 shares in the last quarter. Finally, Alethea Capital Management LLC acquired a new stake in shares of Allstate in the 1st quarter valued at $578,000. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the sale, the insider now directly owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. The trade was a 57.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.

Allstate Stock Performance

Shares of ALL stock opened at $202.14 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The Allstate Co. has a one year low of $134.17 and a one year high of $205.35. The business’s 50 day simple moving average is $191.64 and its 200 day simple moving average is $178.11. The stock has a market capitalization of $53.53 billion, a PE ratio of 13.09, a PEG ratio of 1.81 and a beta of 0.48.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. The company had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 EPS. As a group, research analysts forecast that The Allstate Co. will post 16.07 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 1.82%. Allstate’s payout ratio is currently 23.83%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ALL. StockNews.com lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a research 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. Raymond James raised their price target on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods boosted their target price on Allstate from $222.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. increased their price objective on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and a consensus price target of $214.19.

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.