Insider Selling: The Allstate Co. (NYSE:ALL) Insider Sells 36,367 Shares of Stock

The Allstate Co. (NYSE:ALL) insider John E. Dugenske sold 36,367 shares of the firm’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 transaction, the insider now directly owns 27,364 shares of the company’s stock, valued at $5,236,922.32. The sale was disclosed in a document filed with the SEC, which is available through this link.

Allstate Stock Down 0.6 %

Allstate stock traded down $1.07 during midday trading on Tuesday, hitting $191.82. 1,247,209 shares of the company were exchanged, compared to its average volume of 1,571,577. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36. The Allstate Co. has a fifty-two week low of $109.01 and a fifty-two week high of $193.97. The company’s fifty day moving average price is $179.94 and its 200-day moving average price is $170.61. The company has a market cap of $50.62 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $0.33 by $1.28. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The business had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. During the same period in the prior year, the firm earned ($4.42) earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, research analysts predict that The Allstate Co. will post 15.16 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, August 30th. Allstate’s payout ratio is 81.24%.

Analysts Set New Price Targets

ALL has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their price target on Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Bank of America increased their price target on Allstate from $213.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. lifted their price objective on Allstate from $193.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Wells Fargo & Company reduced their target price on Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. Finally, Barclays started coverage on Allstate in a report on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 price target for the company. One investment 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $192.76.

Hedge Funds Weigh In On Allstate

Institutional investors have recently made changes to their positions in the business. Premier Path Wealth Partners LLC increased its stake in shares of Allstate by 2.5% in the second quarter. Premier Path Wealth Partners LLC now owns 2,457 shares of the insurance provider’s stock worth $392,000 after buying an additional 61 shares during the last quarter. Versant Capital Management Inc grew its holdings in Allstate by 70.9% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 78 shares in the last quarter. Beacon Capital Management LLC increased its position in shares of Allstate by 8.2% in the 2nd quarter. Beacon Capital Management LLC now owns 1,039 shares of the insurance provider’s stock worth $166,000 after purchasing an additional 79 shares during the last quarter. Lodestone Wealth Management LLC raised its stake in shares of Allstate by 4.8% in the 2nd quarter. Lodestone Wealth Management LLC now owns 1,738 shares of the insurance provider’s stock valued at $277,000 after purchasing an additional 80 shares in the last quarter. Finally, MCF Advisors LLC lifted its position in shares of Allstate by 33.9% during the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 84 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

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.