The Allstate Corporation $ALL Shares Sold by Peterson Wealth Services

Peterson Wealth Services trimmed its position in The Allstate Corporation (NYSE:ALL) by 66.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,360 shares of the insurance provider’s stock after selling 2,724 shares during the period. Peterson Wealth Services’ holdings in Allstate were worth $283,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Dorato Capital Management acquired a new stake in Allstate in the 4th quarter valued at about $27,000. Navalign LLC acquired a new stake in Allstate in the 4th quarter valued at about $27,000. Princeton Global Asset Management LLC lifted its holdings in Allstate by 101.3% in the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 76 shares during the last quarter. Palisade Asset Management LLC acquired a new stake in Allstate in the 3rd quarter valued at about $31,000. Finally, South Plains Financial Inc. lifted its holdings in Allstate by 41.5% in the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 49 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of research analyst reports. Piper Sandler reissued an “overweight” rating on shares of Allstate in a report on Thursday, May 28th. Keefe, Bruyette & Woods downgraded 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 research report on Monday. Wells Fargo & Company increased their price objective on Allstate from $229.00 to $243.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Zacks Research downgraded Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. 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 assigned 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, Allstate has a consensus rating of “Moderate Buy” and an average price target of $240.33.

Allstate Price Performance

ALL opened at $219.75 on Friday. The stock has a fifty day moving average of $214.33 and a 200-day moving average of $208.85. The firm has a market capitalization of $56.57 billion, a P/E ratio of 4.85, a PEG ratio of 0.40 and a beta of 0.18. The Allstate Corporation has a 12-month low of $188.08 and a 12-month high of $227.62. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. The company had revenue of $16.94 billion during the quarter, compared to analyst estimates of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.53 earnings per share. Equities analysts forecast that The Allstate Corporation will post 29.43 EPS for the current fiscal year.

Allstate Dividend Announcement

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

Insider Buying and Selling

In related news, Director Andrea Redmond sold 2,225 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $202.91, for a total transaction of $451,474.75. Following the completion of the sale, the director directly owned 2,225 shares in the company, valued at approximately $451,474.75. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Q. Prindiville sold 1,550 shares of the stock in a transaction 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 sale, the insider owned 27,558 shares of the company’s stock, valued at approximately $5,959,968.66. This represents a 5.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 22,353 shares of company stock worth $4,851,560. Corporate insiders own 1.55% of the company’s stock.

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.