Dakota Community Bank & Trust NA Has $258,000 Position in The Allstate Co. (NYSE:ALL)

Dakota Community Bank & Trust NA lowered its holdings in The Allstate Co. (NYSE:ALL) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,363 shares of the insurance provider’s stock after selling 92 shares during the quarter. Dakota Community Bank & Trust NA’s holdings in Allstate were worth $258,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Financial Synergies Wealth Advisors Inc. acquired a new position in Allstate in the third quarter worth $204,000. Aprio Wealth Management LLC lifted its stake 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 valued at $258,000 after acquiring an additional 76 shares during the period. Mather Group LLC. lifted its stake in shares of Allstate by 24.6% during the third quarter. Mather Group LLC. now owns 3,554 shares of the insurance provider’s stock valued at $674,000 after acquiring an additional 702 shares during the period. McLean Asset Management Corp acquired a new position in shares of Allstate during the third quarter valued at $227,000. Finally, Miracle Mile Advisors LLC lifted its stake in shares of Allstate by 5.2% during the third quarter. Miracle Mile Advisors LLC now owns 3,359 shares of the insurance provider’s stock valued at $637,000 after acquiring an additional 165 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Buying and Selling

In related news, insider Suren Gupta sold 45,775 shares of the 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 completion of the transaction, the insider now directly owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the transaction, the chief executive officer now owns 88,552 shares in the company, valued at approximately $15,880,915.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Suren Gupta sold 45,775 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $177.28, for a total value of $8,114,992.00. Following the transaction, the insider now 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 disclosure for this sale can be found here. Over the last three months, insiders sold 238,305 shares of company stock worth $43,082,657. 1.80% of the stock is owned by corporate insiders.

Allstate Trading Up 0.4 %

Shares of Allstate stock traded up $0.64 during trading hours on Tuesday, hitting $181.89. The company’s stock had a trading volume of 201,182 shares, compared to its average volume of 1,547,659. 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 company has a market capitalization of $48.00 billion, a PE ratio of 40.00, a price-to-earnings-growth ratio of 1.81 and a beta of 0.48. The Allstate Co. has a 12 month low of $112.42 and a 12 month high of $193.97. The stock has a 50 day moving average of $183.18 and a 200 day moving average of $172.46.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28. The business 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 quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the company earned ($4.42) earnings per share. Analysts predict that The Allstate Co. will post 15.2 earnings per share for the current year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, August 30th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.02%. Allstate’s payout ratio is presently 81.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler upped their price target on Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Morgan Stanley cut their price target on Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. BMO Capital Markets upped their price objective on Allstate from $191.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Roth Mkm reiterated a “buy” rating and issued a $200.00 price objective on shares of Allstate in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, two have assigned 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.12.

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.