The Allstate Co. (NYSE:ALL) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its stake in The Allstate Co. (NYSE:ALL) by 13.1% in the fourth quarter, HoldingsChannel reports. The firm owned 3,644 shares of the insurance provider’s stock after selling 548 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Allstate were worth $512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gradient Investments LLC boosted its stake in shares of Allstate by 1.6% in the 4th quarter. Gradient Investments LLC now owns 4,130 shares of the insurance provider’s stock valued at $578,000 after buying an additional 66 shares during the period. SVB Wealth LLC raised its holdings in Allstate by 1.2% in the fourth quarter. SVB Wealth LLC now owns 6,169 shares of the insurance provider’s stock valued at $864,000 after acquiring an additional 72 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in Allstate by 1.5% in the fourth quarter. AdvisorNet Financial Inc now owns 5,384 shares of the insurance provider’s stock valued at $754,000 after acquiring an additional 82 shares in the last quarter. Carmel Capital Partners LLC lifted its stake in Allstate by 19.2% in the third quarter. Carmel Capital Partners LLC now owns 516 shares of the insurance provider’s stock worth $57,000 after acquiring an additional 83 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its holdings in Allstate by 3.8% during the 4th quarter. Ausdal Financial Partners Inc. now owns 2,405 shares of the insurance provider’s stock worth $337,000 after acquiring an additional 89 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Performance

NYSE ALL opened at $168.18 on Monday. The business’s 50-day moving average price is $166.06 and its 200 day moving average price is $151.27. The company has a quick ratio of 0.37, a current ratio of 0.36 and a debt-to-equity ratio of 0.48. The firm has a market cap of $44.39 billion, a P/E ratio of 37.13, a P/E/G ratio of 0.39 and a beta of 0.51. The Allstate Co. has a 52-week low of $100.57 and a 52-week high of $177.37.

Allstate (NYSE:ALL) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, beating the consensus estimate of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The company had revenue of $15.26 billion for the quarter, compared to the consensus estimate of $12.76 billion. During the same period last year, the business posted ($1.30) EPS. The company’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts expect that The Allstate Co. will post 14.57 earnings per share for the current year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a dividend of $0.92 per share. The ex-dividend date was Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a yield of 2.19%. This is an increase from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio is presently 81.24%.

Insider Transactions at Allstate

In other news, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CAO John C. Pintozzi sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the sale, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares in the company, valued at approximately $10,847,016.20. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ALL. Piper Sandler raised their price objective on shares of Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a report on Monday, April 1st. TheStreet raised Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Evercore ISI increased their price objective on Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. UBS Group boosted their target price on Allstate from $171.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Morgan Stanley increased their price target on shares of Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.18.

Allstate Company Profile

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.