DoubleLine ETF Adviser LP Sells 151 Shares of The Allstate Co. (NYSE:ALL)

DoubleLine ETF Adviser LP lessened its position in shares of The Allstate Co. (NYSE:ALL) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,492 shares of the insurance provider’s stock after selling 151 shares during the period. DoubleLine ETF Adviser LP’s holdings in Allstate were worth $717,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ALL. Rise Advisors LLC bought a new position in Allstate during the 1st quarter worth about $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate during the 1st quarter worth about $26,000. Versant Capital Management Inc boosted its stake in shares of 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 buying an additional 78 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Allstate during the 2nd quarter worth about $38,000. Finally, MCF Advisors LLC boosted its stake in shares of Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after buying an additional 84 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on ALL. JPMorgan Chase & Co. increased their price objective on shares of Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Piper Sandler increased their price objective on shares of Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. BMO Capital Markets increased their price objective on shares of Allstate from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Wells Fargo & Company reduced their price objective on shares of Allstate from $177.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.76.

Allstate Trading Down 0.7 %

Shares of ALL stock opened at $188.69 on Friday. The firm has a 50 day moving average price of $180.80 and a two-hundred day moving average price of $170.99. 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 company has a market capitalization of $49.80 billion, a PE ratio of 41.65, a price-to-earnings-growth ratio of 1.81 and a beta of 0.48. The Allstate Co. has a 12-month low of $109.01 and a 12-month high of $193.97.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $1.28. The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the business posted ($4.42) earnings per share. As a group, analysts predict that The Allstate Co. will post 15.2 earnings per share for the current 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 issued a dividend of $0.92 per share. The ex-dividend date is Friday, August 30th. This represents a $3.68 annualized dividend and a dividend yield of 1.95%. Allstate’s dividend payout ratio is presently 81.24%.

Insider Transactions at Allstate

In other news, insider Suren Gupta sold 45,775 shares of the firm’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Elizabeth Brady sold 49,481 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $179.09, for a total transaction 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 can be accessed through the SEC website. Also, insider Suren Gupta sold 45,775 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was 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 in the company, valued at $15,942,790.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 238,305 shares of company stock valued at $43,082,657. 1.80% of the stock is currently owned by company insiders.

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.