Fulton Bank N.A. Sells 440 Shares of The Allstate Co. (NYSE:ALL)

Fulton Bank N.A. decreased its holdings in The Allstate Co. (NYSE:ALL) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,976 shares of the insurance provider’s stock after selling 440 shares during the period. Fulton Bank N.A.’s holdings in Allstate were worth $564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Rise Advisors LLC purchased a new position in Allstate in the 1st quarter valued at approximately $26,000. Northwest Investment Counselors LLC bought a new position in shares of Allstate in the first quarter worth $26,000. Versant Capital Management Inc grew its position in shares of Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Family Firm Inc. purchased a new stake in Allstate during the 2nd quarter worth about $38,000. Finally, MCF Advisors LLC boosted its stake in Allstate by 33.9% in the 2nd 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 period. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 0.9 %

Shares of NYSE ALL opened at $182.87 on Wednesday. The stock has a market capitalization of $48.26 billion, a P/E ratio of 40.37, a PEG ratio of 1.81 and a beta of 0.48. The Allstate Co. has a one year low of $112.42 and a one year high of $193.97. The firm’s 50 day simple moving average is $183.42 and its two-hundred day simple moving average is $172.59. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, beating the consensus estimate of $0.33 by $1.28. The company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($4.42) EPS. As a group, analysts expect that The Allstate Co. will post 15.2 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, August 30th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $3.68 annualized dividend and a yield of 2.01%. Allstate’s payout ratio is 81.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ALL shares. Bank of America upped their price target on Allstate from $213.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Roth Mkm reaffirmed a “buy” rating and set a $200.00 target price on shares of Allstate in a report on Wednesday, August 14th. BMO Capital Markets raised their price target on shares of Allstate from $191.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, August 5th. TD Cowen upped their price target on shares of Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, The Goldman Sachs Group lifted their price objective on Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. One 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.12.

Insiders Place Their Bets

In other 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 sale, the insider now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Suren Gupta sold 45,775 shares of the company’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 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 legal filing with the SEC, which is accessible through this hyperlink. Also, insider John E. Dugenske sold 36,367 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the sale, the insider now directly owns 27,364 shares in the company, valued at $5,236,922.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 238,305 shares of company stock valued at $43,082,657 in the last ninety days. Company insiders own 1.80% of the company’s stock.

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.