B. Riley Wealth Advisors Inc. Reduces Stock Holdings in The Allstate Co. (NYSE:ALL)

B. Riley Wealth Advisors Inc. reduced its holdings in The Allstate Co. (NYSE:ALL) by 12.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,445 shares of the insurance provider’s stock after selling 500 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Allstate were worth $553,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Premier Path Wealth Partners LLC boosted its holdings in shares of Allstate by 2.5% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,457 shares of the insurance provider’s stock valued at $392,000 after acquiring an additional 61 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Allstate by 70.9% during 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 in the last quarter. Beacon Capital Management LLC boosted its holdings in Allstate by 8.2% during the second quarter. Beacon Capital Management LLC now owns 1,039 shares of the insurance provider’s stock worth $166,000 after buying an additional 79 shares in the last quarter. Lodestone Wealth Management LLC boosted its holdings in Allstate by 4.8% during the second quarter. Lodestone Wealth Management LLC now owns 1,738 shares of the insurance provider’s stock worth $277,000 after buying an additional 80 shares in the last quarter. Finally, MCF Advisors LLC boosted its holdings in 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 buying an additional 84 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ALL shares. Barclays initiated coverage on shares of Allstate in a report on Wednesday, September 4th. They set an “underweight” rating and a $175.00 price target on the stock. Bank of America increased their target price on shares of Allstate from $213.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group raised their price objective on shares of Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Roth Mkm restated a “buy” rating and set a $200.00 price objective on shares of Allstate in a research report on Wednesday, August 14th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. One 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.12.

Insider Buying and Selling at Allstate

In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Suren Gupta sold 45,775 shares of the business’s stock in a transaction 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 sale, the insider now owns 89,930 shares in the company, valued at $15,942,790.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 238,305 shares of company stock valued at $43,082,657. 1.80% of the stock is owned by company insiders.

Allstate Stock Up 1.5 %

Shares of Allstate stock opened at $190.57 on Friday. The Allstate Co. has a 52-week low of $110.74 and a 52-week high of $193.97. The company has a 50 day moving average of $183.18 and a 200 day moving average of $172.38. 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 $50.29 billion, a P/E ratio of 42.07, a P/E/G ratio of 1.81 and a beta of 0.48.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $1.28. The business had revenue of $15.71 billion for 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%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted ($4.42) EPS. As a group, research analysts forecast that The Allstate Co. will post 15.2 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th were paid a $0.92 dividend. The ex-dividend date was Friday, August 30th. This represents a $3.68 annualized dividend and a yield of 1.93%. Allstate’s dividend 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.