Suren Gupta Sells 750 Shares of Allstate (NYSE:ALL) Stock

The Allstate Corporation (NYSE:ALL) insider Suren Gupta sold 750 shares of Allstate stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $215.01, for a total transaction of $161,257.50. Following the sale, the insider directly owned 100,646 shares of the company’s stock, valued at $21,639,896.46. This represents a 0.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Suren Gupta also recently made the following trade(s):

• On Friday, November 28th, Suren Gupta sold 3,786 shares of Allstate stock. The shares were sold at an average price of $215.13, for a total value of $814,482.18.
• On Monday, November 24th, Suren Gupta sold 600 shares of Allstate stock. The stock was sold at an average price of $215.02, for a total value of $129,012.00.
• On Friday, November 21st, Suren Gupta sold 21,871 shares of Allstate stock. The stock was sold at an average price of $215.21, for a total value of $4,706,857.91.
• On Monday, November 17th, Suren Gupta sold 400 shares of Allstate stock. The shares were sold at an average price of $215.22, for a total value of $86,088.00.
• On Friday, November 14th, Suren Gupta sold 1,400 shares of Allstate stock. The stock was sold at an average price of $215.02, for a total value of $301,028.00.

Allstate Price Performance

Allstate stock opened at $208.89 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $54.66 billion, a P/E ratio of 6.76, a PEG ratio of 0.39 and a beta of 0.25. The business has a 50-day moving average of $204.78 and a 200-day moving average of $202.48. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.89.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, topping the consensus estimate of $5.48 by $5.69. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $16.59 billion. Allstate had a net margin of 12.53% and a return on equity of 35.42%. Allstate’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.91 EPS. On average, equities analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, December 1st. Allstate’s dividend payout ratio (DPR) is presently 12.95%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Jefferies Financial Group boosted their target price on Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, August 11th. UBS Group boosted their price objective on Allstate from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Wolfe Research raised Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. Wall Street Zen lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $237.92.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ALL. Allworth Financial LP lifted its position in Allstate by 6.7% during the 3rd quarter. Allworth Financial LP now owns 65,042 shares of the insurance provider’s stock worth $13,961,000 after buying an additional 4,083 shares in the last quarter. IFP Advisors Inc increased its position in shares of Allstate by 4.2% in the third quarter. IFP Advisors Inc now owns 1,869 shares of the insurance provider’s stock valued at $440,000 after acquiring an additional 75 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in Allstate by 14.3% during the third quarter. Swiss Life Asset Management Ltd now owns 76,873 shares of the insurance provider’s stock worth $16,501,000 after acquiring an additional 9,638 shares in the last quarter. Innova Wealth Partners raised its holdings in Allstate by 6.0% during the third quarter. Innova Wealth Partners now owns 1,151 shares of the insurance provider’s stock worth $247,000 after acquiring an additional 65 shares in the last quarter. Finally, Cambria Investment Management L.P. acquired a new position in Allstate during the third quarter valued at approximately $466,000. Institutional investors own 76.47% of the company’s stock.

Allstate Company Profile

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.