Donaldson Capital Management LLC Sells 278,056 Shares of The Allstate Corporation $ALL

Donaldson Capital Management LLC lowered its position in The Allstate Corporation (NYSE:ALL) by 87.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,200 shares of the insurance provider’s stock after selling 278,056 shares during the quarter. Donaldson Capital Management LLC’s holdings in Allstate were worth $8,629,000 as of its most recent SEC filing.

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

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 21,871 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $215.21, for a total value of $4,706,857.91. Following the sale, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 48,400 shares of company stock worth $10,313,256 in the last three months. Insiders own 1.70% of the company’s stock.

Allstate Stock Up 0.3%

Shares of ALL stock opened at $198.89 on Friday. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $215.89. The firm has a market capitalization of $52.05 billion, a PE ratio of 6.44, a P/E/G ratio of 0.43 and a beta of 0.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.43 and a current ratio of 0.43. The stock’s 50-day simple moving average is $204.57 and its 200-day simple moving average is $203.42.

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

Allstate Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Allstate from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Mizuho set a $255.00 target price on Allstate in a research report on Wednesday, January 14th. William Blair downgraded Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. BMO Capital Markets upped their price objective on shares of Allstate from $235.00 to $244.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Wall Street Zen lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average 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.