Corient Private Wealth LLC Buys 11,119 Shares of The Allstate Corporation $ALL

Corient Private Wealth LLC grew its stake in The Allstate Corporation (NYSE:ALL) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,249 shares of the insurance provider’s stock after buying an additional 11,119 shares during the period. Corient Private Wealth LLC’s holdings in Allstate were worth $52,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC increased its position in Allstate by 8.1% during the 4th quarter. Hsbc Holdings PLC now owns 1,141,943 shares of the insurance provider’s stock valued at $238,232,000 after purchasing an additional 85,808 shares during the period. Pure Financial Advisors LLC lifted its position in shares of Allstate by 39.1% in the 4th quarter. Pure Financial Advisors LLC now owns 1,850 shares of the insurance provider’s stock worth $385,000 after purchasing an additional 520 shares during the period. Rehmann Capital Advisory Group lifted its position in shares of Allstate by 18.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,422 shares of the insurance provider’s stock worth $504,000 after purchasing an additional 381 shares during the period. SHP Wealth Management bought a new stake in shares of Allstate in the 4th quarter valued at $245,000. Finally, S Harris Financial Group LLC bought a new stake in shares of Allstate in the 4th quarter valued at $1,476,000. 76.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $231.00 target price on shares of Allstate in a report on Thursday, March 5th. Weiss Ratings raised Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, March 23rd. Wall Street Zen downgraded Allstate from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Barclays upped their target price on Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a research report on Wednesday, April 8th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $260.00 target price on shares of Allstate in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $240.33.

Allstate Price Performance

Shares of NYSE ALL opened at $220.72 on Monday. The firm has a market capitalization of $56.82 billion, a P/E ratio of 4.87, a P/E/G ratio of 0.39 and a beta of 0.19. The firm’s 50-day moving average price is $215.95 and its 200-day moving average price is $209.23. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a 1-year low of $188.08 and a 1-year high of $227.62.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, beating the consensus estimate of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The company had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $15.24 billion. During the same period last year, the business posted $3.53 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that The Allstate Corporation will post 29.55 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a $1.08 dividend. The ex-dividend date is Monday, June 1st. This represents a $4.32 annualized dividend and a yield of 2.0%. Allstate’s dividend payout ratio is presently 9.53%.

Insiders Place Their Bets

In other Allstate news, insider Mark Q. Prindiville sold 1,550 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $216.27, for a total value of $335,218.50. Following the completion of the sale, the insider owned 27,558 shares of the company’s stock, valued at approximately $5,959,968.66. This trade represents a 5.32% 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, Director Andrea Redmond sold 2,225 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $202.91, for a total value of $451,474.75. Following the sale, the director owned 2,225 shares of the company’s stock, valued at approximately $451,474.75. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 22,353 shares of company stock worth $4,851,560. Corporate insiders own 1.55% of the company’s stock.

Allstate Company 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.