Tudor Financial Inc. Has $3.59 Million Stake in The Allstate Corporation $ALL

Tudor Financial Inc. boosted its position in shares of The Allstate Corporation (NYSE:ALL) by 102.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,101 shares of the insurance provider’s stock after purchasing an additional 7,637 shares during the period. Allstate accounts for 1.6% of Tudor Financial Inc.’s investment portfolio, making the stock its 12th biggest holding. Tudor Financial Inc.’s holdings in Allstate were worth $3,593,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Allstate in the second quarter worth $5,439,448,000. State Street Corp raised its position in Allstate by 3.7% during the fourth quarter. State Street Corp now owns 12,297,551 shares of the insurance provider’s stock valued at $2,571,600,000 after buying an additional 438,034 shares during the period. Bank of America Corp DE raised its position in Allstate by 8.1% during the first quarter. Bank of America Corp DE now owns 7,913,320 shares of the insurance provider’s stock valued at $1,640,748,000 after buying an additional 596,321 shares during the period. GQG Partners LLC increased its holdings in shares of Allstate by 36.0% in the 4th quarter. GQG Partners LLC now owns 5,488,560 shares of the insurance provider’s stock valued at $1,142,449,000 after purchasing an additional 1,452,993 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Allstate by 29.2% during the fourth quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock worth $1,042,321,000 after purchasing an additional 1,131,172 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Mario Rizzo sold 56,225 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total value of $14,870,388.00. Following the transaction, the chief operating officer directly owned 82,227 shares in the company, valued at approximately $21,747,396.96. This trade represents a 40.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John Dugenske sold 32,996 shares of Allstate stock in a transaction on Friday, August 7th. The stock was sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the completion of the transaction, the insider owned 13,054 shares in the company, valued at $3,515,833.82. This trade represents a 71.65% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ALL shares. Cantor Fitzgerald increased their target price on shares of Allstate from $236.00 to $242.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Wells Fargo & Company downgraded shares of Allstate from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $243.00 to $250.00 in a research note on Friday, August 7th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $250.00 price objective (down from $255.00) on shares of Allstate in a report on Thursday, August 20th. UBS Group boosted their target price on Allstate from $261.00 to $275.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, Roth Capital set a $300.00 target price on Allstate in a research report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $263.90.

Allstate Stock Performance

Shares of NYSE ALL opened at $263.63 on Friday. The business’s 50-day simple moving average is $256.51 and its 200-day simple moving average is $228.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Corporation has a 52 week low of $188.08 and a 52 week high of $277.22. The firm has a market cap of $66.66 billion, a price-to-earnings ratio of 5.26, a P/E/G ratio of 0.60 and a beta of 0.15.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.06 by $2.93. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The firm had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $15.46 billion. During the same quarter in the prior year, the business earned $5.94 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts expect that The Allstate Corporation will post 34.78 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, August 31st. Allstate’s dividend payout ratio is currently 8.63%.

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.