Aspire Private Capital LLC Buys 2,936 Shares of The Allstate Corporation $ALL

Aspire Private Capital LLC boosted its stake in The Allstate Corporation (NYSE:ALL) by 83.0% during the first quarter, Holdings Channel reports. The institutional investor owned 6,474 shares of the insurance provider’s stock after buying an additional 2,936 shares during the period. Aspire Private Capital LLC’s holdings in Allstate were worth $1,342,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. MV Capital Management Inc. acquired a new stake in shares of Allstate during the fourth quarter worth $25,000. Navalign LLC acquired a new position in shares of Allstate in the fourth quarter valued at about $27,000. Dorato Capital Management acquired a new position in shares of Allstate in the fourth quarter valued at about $27,000. Palisade Asset Management LLC bought a new position in Allstate during the third quarter worth about $31,000. Finally, Princeton Global Asset Management LLC increased its position in Allstate by 101.3% during the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 76 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Allstate

In other news, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the transaction, the chief operating officer owned 82,227 shares in the company, valued at approximately $17,991,267.60. This trade represents a 18.43% decrease in their position. The sale was disclosed in a document filed 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 on Monday, June 1st. The stock was sold at an average price of $202.91, for a total value of $451,474.75. Following the transaction, the director directly owned 2,225 shares of the company’s stock, valued at $451,474.75. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 22,353 shares of company stock valued at $4,851,560. 1.55% of the stock is currently owned by corporate insiders.

Allstate Price Performance

ALL stock opened at $239.77 on Monday. The company’s 50-day moving average price is $217.68 and its two-hundred day moving average price is $210.17. The firm has a market cap of $61.72 billion, a P/E ratio of 5.29, a P/E/G ratio of 0.42 and a beta of 0.19. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $240.16.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. The company had revenue of $16.94 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.53 EPS. On average, analysts anticipate that The Allstate Corporation will post 29.75 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced 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. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Allstate’s dividend payout ratio (DPR) is currently 9.53%.

Analysts Set New Price Targets

ALL has been the subject of a number of recent research reports. Keefe, Bruyette & Woods downgraded shares of Allstate from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $266.00 to $242.00 in a report on Monday, June 8th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Allstate in a report on Thursday, June 18th. Mizuho cut their price target on Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. The Goldman Sachs Group reissued a “neutral” rating and set a $231.00 price target on shares of Allstate in a research report on Thursday, March 5th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $260.00 price objective on shares of Allstate in a research note on Tuesday, March 3rd. Three 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and an average target price of $240.33.

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.