The Allstate Corporation $ALL Shares Sold by Virtus Investment Advisers LLC

Virtus Investment Advisers LLC decreased its position in The Allstate Corporation (NYSE:ALL) by 3.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,182 shares of the insurance provider’s stock after selling 257 shares during the quarter. Virtus Investment Advisers LLC’s holdings in Allstate were worth $1,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guerra Pan Advisors LLC raised its position in shares of Allstate by 1.5% in the second quarter. Guerra Pan Advisors LLC now owns 3,426 shares of the insurance provider’s stock valued at $690,000 after buying an additional 49 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Allstate by 4.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,189 shares of the insurance provider’s stock worth $239,000 after acquiring an additional 53 shares during the period. Linscomb Wealth Inc. raised its holdings in Allstate by 1.3% in the 1st quarter. Linscomb Wealth Inc. now owns 4,079 shares of the insurance provider’s stock valued at $845,000 after acquiring an additional 54 shares during the last quarter. Ancora Advisors LLC lifted its stake in shares of Allstate by 0.7% during the 1st quarter. Ancora Advisors LLC now owns 8,402 shares of the insurance provider’s stock worth $1,740,000 after purchasing an additional 55 shares during the period. Finally, Cooper Financial Group boosted its holdings in shares of Allstate by 5.5% during the second quarter. Cooper Financial Group now owns 1,057 shares of the insurance provider’s stock worth $213,000 after purchasing an additional 55 shares during the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Price Performance

ALL stock opened at $213.92 on Friday. The stock has a 50-day simple moving average of $204.54 and a 200-day simple moving average of $202.36. The firm has a market cap of $55.98 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. 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 results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, topping analysts’ consensus estimates of $5.48 by $5.69. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.Allstate’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.91 EPS. On average, equities analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, December 1st. Allstate’s dividend payout ratio is presently 12.95%.

Insider Buying and Selling at Allstate

In other news, insider Suren Gupta sold 600 shares of Allstate stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $215.02, for a total transaction of $129,012.00. Following the sale, the insider directly owned 100,646 shares of the company’s stock, valued at approximately $21,640,902.92. The trade was a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 24,271 shares of company stock worth $5,222,986 in the last three months. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ALL shares. BMO Capital Markets increased their target price on Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Raymond James Financial reiterated a “strong-buy” rating and set a $260.00 price objective (up from $250.00) on shares of Allstate in a report on Monday, August 4th. JPMorgan Chase & Co. boosted their target price on shares of Allstate from $254.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Barclays reaffirmed an “underweight” rating and set a $198.00 price target (up previously from $188.00) on shares of Allstate in a research note on Thursday, July 31st. Finally, UBS Group boosted their price objective on shares of Allstate from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $237.92.

Allstate 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.