Berry Wealth Group LP Has $253,000 Stock Holdings in The Allstate Co. (NYSE:ALL)

Berry Wealth Group LP increased its position in shares of The Allstate Co. (NYSE:ALL) by 8.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,585 shares of the insurance provider’s stock after purchasing an additional 128 shares during the quarter. Berry Wealth Group LP’s holdings in Allstate were worth $253,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ALL. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Allstate during the first quarter valued at $25,000. Private Wealth Management Group LLC acquired a new position in Allstate in the fourth quarter valued at about $25,000. Rise Advisors LLC acquired a new position in Allstate in the first quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new position in Allstate in the first quarter valued at about $26,000. Finally, Versant Capital Management Inc lifted its stake in Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after buying an additional 78 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

In related news, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the sale, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Allstate news, insider Suren Gupta sold 45,775 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the transaction, the insider now owns 89,930 shares in the company, valued at approximately $15,942,790.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, the chief executive officer now owns 88,552 shares in the company, valued at approximately $15,880,915.68. The disclosure for this sale can be found here. Insiders sold a total of 201,938 shares of company stock worth $36,122,740 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Allstate Stock Up 0.8 %

Shares of NYSE:ALL traded up $1.50 during mid-day trading on Friday, reaching $188.94. 1,430,560 shares of the stock were exchanged, compared to its average volume of 1,560,952. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. The company has a market cap of $49.89 billion, a P/E ratio of 41.71, a P/E/G ratio of 1.78 and a beta of 0.48. The Allstate Co. has a one year low of $105.57 and a one year high of $189.26. The stock’s 50 day simple moving average is $171.02 and its 200-day simple moving average is $167.25.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $1.28. The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The business’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company earned ($4.42) earnings per share. As a group, equities research analysts predict that The Allstate Co. will post 15.14 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be paid a $0.92 dividend. The ex-dividend date is Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a yield of 1.95%. Allstate’s dividend payout ratio is 81.24%.

Analyst Upgrades and Downgrades

ALL has been the topic of several analyst reports. The Goldman Sachs Group increased their target price on Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Morgan Stanley cut their target price on Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Piper Sandler increased their price target on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Bank of America increased their price target on Allstate from $213.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.94.

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.