Insight Inv LLC Sells 238 Shares of The Allstate Corporation $ALL

Insight Inv LLC lowered its position in The Allstate Corporation (NYSE:ALL) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,880 shares of the insurance provider’s stock after selling 238 shares during the period. Allstate comprises about 1.7% of Insight Inv LLC’s investment portfolio, making the stock its 16th biggest holding. Insight Inv LLC’s holdings in Allstate were worth $2,593,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Arlington Trust Co LLC grew its holdings in shares of Allstate by 261.8% in the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 89 shares during the period. Hughes Financial Services LLC bought a new stake in Allstate during the first quarter valued at about $28,000. Hilltop National Bank purchased a new stake in Allstate in the second quarter worth about $34,000. Meeder Asset Management Inc. increased its position in Allstate by 113.8% in the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock worth $39,000 after buying an additional 99 shares in the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new stake in Allstate in the first quarter worth about $43,000. Institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ALL shares. UBS Group upped their price target on Allstate from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley upped their price target on Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Evercore ISI set a $233.00 price target on Allstate and gave the stock an “in-line” rating in a research report on Wednesday, October 1st. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a research report on Wednesday. Finally, Jefferies Financial Group upped their price objective on Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $232.50.

Allstate Trading Up 0.3%

Shares of ALL stock opened at $212.46 on Thursday. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The stock’s 50 day simple moving average is $205.82 and its two-hundred day simple moving average is $201.13. The company has a market cap of $55.99 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 0.82 and a beta of 0.38.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, topping the consensus estimate of $3.20 by $2.74. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The firm had revenue of $15.05 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the prior year, the business posted $1.61 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 29th. Allstate’s dividend payout ratio is presently 18.81%.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.