Moody National Bank Trust Division Has $1.54 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Moody National Bank Trust Division cut its position in shares of The Allstate Co. (NYSE:ALLGet Rating) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,097 shares of the insurance provider’s stock after selling 1,379 shares during the period. Moody National Bank Trust Division’s holdings in Allstate were worth $1,537,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. US Asset Management LLC bought a new stake in shares of Allstate during the 1st quarter worth about $32,000. Northwest Investment Counselors LLC bought a new stake in shares of Allstate during the 4th quarter worth about $29,000. Chilton Capital Management LLC bought a new stake in shares of Allstate during the 4th quarter worth about $35,000. Concorde Financial Corp bought a new stake in shares of Allstate during the 4th quarter worth about $36,000. Finally, Lindbrook Capital LLC boosted its holdings in shares of Allstate by 79.1% during the 4th quarter. Lindbrook Capital LLC now owns 335 shares of the insurance provider’s stock worth $39,000 after buying an additional 148 shares during the period. Institutional investors own 75.84% of the company’s stock.

Several brokerages recently commented on ALL. StockNews.com began coverage on shares of Allstate in a report on Thursday, March 31st. They set a “hold” rating for the company. The Goldman Sachs Group raised shares of Allstate from a “sell” rating to a “buy” rating and boosted their price objective for the company from $111.00 to $142.00 in a report on Wednesday, March 2nd. Argus downgraded shares of Allstate from a “buy” rating to a “hold” rating in a report on Friday, May 20th. Citigroup began coverage on shares of Allstate in a report on Monday, May 23rd. They issued a “buy” rating and a $159.00 price objective for the company. Finally, Piper Sandler cut their price objective on shares of Allstate from $150.00 to $147.00 and set an “overweight” rating for the company in a report on Friday, April 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $145.75.

In related news, CEO Thomas J. Wilson sold 142,000 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $133.39, for a total transaction of $18,941,380.00. Following the completion of the transaction, the chief executive officer now directly owns 99,828 shares in the company, valued at approximately $13,316,056.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.77% of the stock is owned by corporate insiders.

Shares of NYSE:ALL opened at $122.07 on Thursday. The firm has a 50 day moving average of $130.13 and a 200-day moving average of $126.36. The stock has a market capitalization of $33.57 billion, a PE ratio of 10.22, a PEG ratio of 2.46 and a beta of 0.82. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.38. The Allstate Co. has a 12 month low of $106.11 and a 12 month high of $144.46.

Allstate (NYSE:ALLGet Rating) last issued its earnings results on Wednesday, May 4th. The insurance provider reported $2.58 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.21). The firm had revenue of $10.98 billion during the quarter, compared to analyst estimates of $11.14 billion. Allstate had a net margin of 7.20% and a return on equity of 12.50%. Allstate’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.11 earnings per share. On average, research analysts predict that The Allstate Co. will post 9.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Friday, June 3rd will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, June 2nd. Allstate’s dividend payout ratio is 28.48%.

About Allstate (Get Rating)

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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