Blue Trust Inc. Has $1.07 Million Position in The Allstate Corporation $ALL

Blue Trust Inc. grew its position in The Allstate Corporation (NYSE:ALL) by 117.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,151 shares of the insurance provider’s stock after acquiring an additional 2,787 shares during the period. Blue Trust Inc.’s holdings in Allstate were worth $1,068,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MV Capital Management Inc. bought a new position in shares of Allstate during the 4th quarter worth approximately $25,000. Dorato Capital Management bought a new position in Allstate during the fourth quarter worth $27,000. Navalign LLC bought a new position in Allstate during the fourth quarter worth $27,000. Princeton Global Asset Management LLC increased its holdings in shares of Allstate by 101.3% in the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 76 shares during the last quarter. Finally, Palisade Asset Management LLC bought a new position in shares of Allstate in the third quarter valued at about $31,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALL has been the subject of a number of research reports. The Goldman Sachs Group restated a “neutral” rating and set a $231.00 target price on shares of Allstate in a research note on Thursday, March 5th. Keefe, Bruyette & Woods cut shares of Allstate from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $266.00 to $242.00 in a report on Monday, June 8th. Piper Sandler restated an “overweight” rating on shares of Allstate in a research report on Thursday, May 28th. Mizuho reduced their price objective on Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Finally, Wall Street Zen downgraded Allstate from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $240.33.

Allstate Stock Up 3.5%

Shares of NYSE ALL opened at $239.77 on Friday. 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 company has a market cap of $61.72 billion, a price-to-earnings ratio of 5.29, a PEG ratio of 0.41 and a beta of 0.18. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $240.16. The stock has a 50-day moving average price of $217.68 and a two-hundred day moving average price of $210.10.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. The company had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $3.53 EPS. As a group, analysts forecast that The Allstate Corporation will post 29.75 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a $1.08 dividend. The ex-dividend date is Monday, June 1st. This represents a $4.32 dividend on an annualized basis and a yield of 1.8%. Allstate’s dividend payout ratio (DPR) is currently 9.53%.

Insider Buying and Selling at Allstate

In other Allstate news, Director Andrea Redmond sold 2,225 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $202.91, for a total transaction of $451,474.75. Following the sale, the director owned 2,225 shares of the company’s stock, valued at approximately $451,474.75. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Q. Prindiville sold 1,550 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $216.27, for a total transaction of $335,218.50. Following the transaction, the insider owned 27,558 shares of the company’s stock, valued at $5,959,968.66. This trade represents a 5.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,353 shares of company stock worth $4,851,560 over the last quarter. 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.