Wealth Alliance Has $493,000 Stock Holdings in The Allstate Co. (NYSE:ALL)

Wealth Alliance lessened its position in shares of The Allstate Co. (NYSE:ALL) by 3.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,085 shares of the insurance provider’s stock after selling 124 shares during the period. Wealth Alliance’s holdings in Allstate were worth $493,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ALL. Bank of New York Mellon Corp increased its position in Allstate by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 5,112,468 shares of the insurance provider’s stock valued at $884,508,000 after buying an additional 90,390 shares in the last quarter. Norges Bank purchased a new stake in shares of Allstate during the 4th quarter valued at $212,771,000. Dimensional Fund Advisors LP raised its position in Allstate by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider’s stock worth $229,545,000 after acquiring an additional 47,038 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Allstate by 1.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 818,489 shares of the insurance provider’s stock worth $130,680,000 after purchasing an additional 8,454 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Allstate by 11.8% in the first quarter. Russell Investments Group Ltd. now owns 716,757 shares of the insurance provider’s stock valued at $123,574,000 after buying an additional 75,698 shares during the period. 76.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Allstate news, insider Suren Gupta sold 45,775 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the completion of the sale, the insider now directly owns 89,930 shares in the company, valued at approximately $15,942,790.40. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of the firm’s stock in a transaction dated 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 directly owns 19,163 shares of the company’s stock, valued at $3,431,901.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Suren Gupta sold 45,775 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the sale, the insider now directly owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 201,938 shares of company stock worth $36,122,740. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price target on shares of Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. Morgan Stanley dropped their price target on Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Roth Mkm reiterated a “buy” rating and issued a $200.00 target price on shares of Allstate in a research report on Wednesday, August 14th. The Goldman Sachs Group increased their price target on shares of Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Finally, Barclays assumed coverage on shares of Allstate in a report on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Allstate Stock Down 0.2 %

Allstate stock opened at $190.68 on Friday. The firm has a market cap of $50.32 billion, a price-to-earnings ratio of 42.09, a PEG ratio of 1.74 and a beta of 0.48. 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 Allstate Co. has a 12 month low of $109.01 and a 12 month high of $192.50. The stock has a fifty day simple moving average of $178.87 and a two-hundred day simple moving average of $169.93.

Allstate (NYSE:ALL) last released 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. The company had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. Allstate had a return on equity of 24.05% and a net margin of 5.03%. Allstate’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the company earned ($4.42) EPS. Equities analysts predict that The Allstate Co. will post 15.16 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a yield of 1.93%. Allstate’s dividend payout ratio (DPR) is 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.