The Allstate Co. (NYSE:ALL) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC lowered its stake in The Allstate Co. (NYSE:ALL) by 14.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,349 shares of the insurance provider’s stock after selling 2,333 shares during the quarter. SteelPeak Wealth LLC’s holdings in Allstate were worth $2,323,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ALL. Rise Advisors LLC acquired a new stake in Allstate in the 1st quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new stake in Allstate in the 1st quarter valued at about $26,000. Private Wealth Management Group LLC acquired a new stake in Allstate in the 4th quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Allstate in the 4th quarter valued at about $36,000. Finally, Venturi Wealth Management LLC lifted its holdings in Allstate by 152.7% in the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 168 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on ALL shares. Roth Mkm boosted their price objective on Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 8th. StockNews.com downgraded Allstate from a “strong-buy” rating to a “buy” rating in a report on Monday, June 3rd. The Goldman Sachs Group boosted their price objective on Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Evercore ISI boosted their price objective on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Finally, HSBC upgraded Allstate from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $158.00 to $190.00 in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Allstate has a consensus rating of “Moderate Buy” and a consensus price target of $174.88.

Allstate Trading Down 0.2 %

NYSE:ALL opened at $159.66 on Monday. The stock’s 50 day moving average price is $165.87 and its 200 day moving average price is $160.18. The Allstate Co. has a 52 week low of $100.57 and a 52 week high of $177.37. The company has a market capitalization of $42.14 billion, a P/E ratio of 35.25, a P/E/G ratio of 1.88 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36.

Allstate (NYSE:ALL) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. The firm had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.30) earnings per share. On average, research analysts forecast that The Allstate Co. will post 12.15 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, May 31st will be given a dividend of $0.92 per share. The ex-dividend date is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a yield of 2.30%. Allstate’s payout ratio is currently 81.24%.

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.