Peddock Capital Advisors LLC Acquires 183 Shares of The Allstate Co. (NYSE:ALL)

Peddock Capital Advisors LLC raised its stake in The Allstate Co. (NYSE:ALL) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,261 shares of the insurance provider’s stock after acquiring an additional 183 shares during the period. Peddock Capital Advisors LLC’s holdings in Allstate were worth $3,084,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Abacus Planning Group Inc. increased its holdings in shares of Allstate by 2.4% in the third quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock worth $458,000 after purchasing an additional 56 shares during the period. Premier Path Wealth Partners LLC grew its stake in shares of Allstate by 2.5% during the second quarter. Premier Path Wealth Partners LLC now owns 2,457 shares of the insurance provider’s stock valued at $392,000 after buying an additional 61 shares during the last quarter. Aprio Wealth Management LLC boosted its holdings in shares of Allstate by 5.9% during the third quarter. Aprio Wealth Management LLC now owns 1,360 shares of the insurance provider’s stock worth $258,000 after purchasing an additional 76 shares during the period. Everpar Advisors LLC boosted its holdings in shares of Allstate by 3.3% during the third quarter. Everpar Advisors LLC now owns 2,434 shares of the insurance provider’s stock worth $462,000 after purchasing an additional 77 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after buying an additional 78 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ALL has been the subject of several analyst reports. Piper Sandler raised their price target on shares of Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Wells Fargo & Company reduced their price objective on Allstate from $177.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Roth Mkm restated a “buy” rating and issued a $200.00 price objective on shares of Allstate in a research note on Wednesday, August 14th. Barclays assumed coverage on shares of Allstate in a report on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 target price for the company. Finally, Keefe, Bruyette & Woods upped their target price on shares of Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and an average price target of $196.41.

Insider Activity

In other Allstate news, insider Suren Gupta sold 45,775 shares of the firm’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 completion of the transaction, the insider now directly owns 89,930 shares in the company, valued at approximately $15,942,790.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Allstate news, insider Suren Gupta sold 45,775 shares of Allstate stock in a transaction that occurred 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 transaction, the insider now directly owns 89,930 shares of the company’s stock, valued at $15,942,790.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas J. Wilson sold 90,000 shares of Allstate 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 sale, the chief executive officer now owns 88,552 shares in the company, valued at $15,880,915.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 238,305 shares of company stock worth $43,082,657 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Allstate Stock Performance

NYSE:ALL traded up $1.32 during trading hours on Wednesday, reaching $184.19. 174,091 shares of the company’s stock were exchanged, compared to its average volume of 1,545,572. The firm has a market capitalization of $48.61 billion, a price-to-earnings ratio of 40.18, a P/E/G ratio of 1.81 and a beta of 0.48. The company has a 50-day moving average of $183.60 and a 200 day moving average of $172.72. 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 Allstate Co. has a 1-year low of $113.04 and a 1-year high of $193.97.

Allstate (NYSE:ALL) last issued its quarterly 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. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. Allstate’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($4.42) EPS. Research analysts anticipate that The Allstate Co. will post 15.2 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th were issued a $0.92 dividend. The ex-dividend date was Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.00%. Allstate’s dividend payout ratio is presently 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.