The Allstate Corporation $ALL Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC trimmed its position in shares of The Allstate Corporation (NYSE:ALL) by 81.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,924 shares of the insurance provider’s stock after selling 8,560 shares during the period. Ameritas Advisory Services LLC’s holdings in Allstate were worth $413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. boosted its position in shares of Allstate by 79.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares in the last quarter. Barnes Dennig Private Wealth Management LLC lifted its stake in Allstate by 112.3% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 73 shares during the last quarter. Clearstead Trust LLC boosted its holdings in Allstate by 3,800.0% in the second quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 152 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Allstate by 315.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 126 shares during the last quarter. Finally, Armstrong Advisory Group Inc. increased its stake in Allstate by 72.0% in the third quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALL has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. Citigroup upped their price objective on shares of Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Zacks Research lowered Allstate from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Morgan Stanley reissued an “equal weight” rating and issued a $215.00 target price (down from $245.00) on shares of Allstate in a report on Tuesday, December 16th. Finally, Mizuho upped their target price on Allstate from $255.00 to $281.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.35.

Insider Transactions at Allstate

In related news, insider Suren Gupta sold 21,871 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $215.21, for a total transaction of $4,706,857.91. Following the transaction, the insider owned 100,646 shares of the company’s stock, valued at approximately $21,660,025.66. This represents a 17.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 46,600 shares of company stock valued at $9,926,140. 1.70% of the stock is currently owned by corporate insiders.

Allstate Stock Up 0.4%

ALL opened at $207.41 on Monday. The business has a 50 day simple moving average of $203.54 and a 200-day simple moving average of $204.24. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.43. The stock has a market capitalization of $54.28 billion, a P/E ratio of 5.43, a P/E/G ratio of 0.44 and a beta of 0.24. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $216.75.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share for the quarter, topping the consensus estimate of $8.72 by $5.59. The company had revenue of $14.57 billion for the quarter, compared to analyst estimates of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $7.67 earnings per share. On average, equities analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be given a dividend of $1.08 per share. The ex-dividend date is Monday, March 2nd. This represents a $4.32 annualized dividend and a dividend yield of 2.1%. This is an increase from Allstate’s previous quarterly dividend of $1.00. Allstate’s payout ratio is presently 10.47%.

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.