Atlas Legacy Advisors LLC Has $4.49 Million Position in The Allstate Corporation $ALL

Atlas Legacy Advisors LLC grew its holdings in shares of The Allstate Corporation (NYSE:ALL) by 29.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,921 shares of the insurance provider’s stock after buying an additional 4,699 shares during the quarter. Atlas Legacy Advisors LLC’s holdings in Allstate were worth $4,491,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Avantax Advisory Services Inc. raised its holdings in Allstate by 3.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 23,573 shares of the insurance provider’s stock valued at $4,745,000 after acquiring an additional 704 shares during the period. Knights of Columbus Asset Advisors LLC grew its position in shares of Allstate by 3.8% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 53,802 shares of the insurance provider’s stock worth $10,831,000 after purchasing an additional 1,959 shares in the last quarter. Commonwealth Retirement Investments LLC increased its holdings in shares of Allstate by 103.5% during the second quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock worth $2,609,000 after purchasing an additional 6,590 shares during the period. Davis Capital Management bought a new position in shares of Allstate during the third quarter worth approximately $2,767,000. Finally, First Horizon Corp acquired a new stake in shares of Allstate in the third quarter valued at approximately $11,109,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Suren Gupta sold 19,593 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the transaction, the insider directly owned 100,646 shares in the company, valued at approximately $21,135,660. This represents a 16.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 48,400 shares of company stock valued at $10,313,256 in the last quarter. Company insiders own 1.70% of the company’s stock.

Allstate Price Performance

Shares of ALL stock opened at $195.35 on Friday. The business has a fifty day simple moving average of $206.38 and a 200 day simple moving average of $203.25. The company has a market cap of $51.12 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.42 and a beta of 0.24. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.32. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $215.89.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.48 by $5.69. The firm had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a return on equity of 35.42% and a net margin of 12.53%.The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.91 earnings per share. On average, sell-side analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $4.00 annualized dividend and a yield of 2.0%. Allstate’s dividend payout ratio is presently 12.95%.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of analyst reports. Evercore ISI set a $225.00 price target on Allstate in a research report on Wednesday, January 7th. BMO Capital Markets upped their target price on Allstate from $235.00 to $244.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $215.00 price target (down previously from $245.00) on shares of Allstate in a research note on Tuesday, December 16th. Zacks Research cut shares of Allstate from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Allstate from $254.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.19.

Allstate Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.