Community Bank & Trust Waco Texas Buys 149 Shares of The Allstate Co. (NYSE:ALL)

Community Bank & Trust Waco Texas increased its stake in shares of The Allstate Co. (NYSE:ALL) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,115 shares of the insurance provider’s stock after buying an additional 149 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Allstate were worth $817,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Premier Path Wealth Partners LLC boosted its holdings in shares of Allstate by 2.5% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,457 shares of the insurance provider’s stock valued at $392,000 after buying an additional 61 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 78 shares during the last quarter. Beacon Capital Management LLC raised its holdings in shares of Allstate by 8.2% in the 2nd quarter. Beacon Capital Management LLC now owns 1,039 shares of the insurance provider’s stock worth $166,000 after purchasing an additional 79 shares during the period. Lodestone Wealth Management LLC grew its stake in Allstate by 4.8% during the second quarter. Lodestone Wealth Management LLC now owns 1,738 shares of the insurance provider’s stock worth $277,000 after buying an additional 80 shares during the period. Finally, St. Johns Investment Management Company LLC boosted its stake in shares of Allstate by 2.2% in the fourth quarter. St. Johns Investment Management Company LLC now owns 3,955 shares of the insurance provider’s stock valued at $554,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ALL shares. JPMorgan Chase & Co. raised their price objective on Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Roth Mkm reissued a “buy” rating and issued a $200.00 price objective on shares of Allstate in a research report on Wednesday, August 14th. The Goldman Sachs Group raised their price objective on Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Wells Fargo & Company dropped their price target on shares of Allstate from $177.00 to $175.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. Finally, Morgan Stanley reduced their target price on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.88.

Allstate Price Performance

NYSE:ALL traded up $0.55 during trading hours on Wednesday, hitting $189.75. 230,697 shares of the company’s stock traded hands, compared to its average volume of 1,565,925. The firm has a market cap of $50.08 billion, a P/E ratio of 41.77, a P/E/G ratio of 1.78 and a beta of 0.48. 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 business’s fifty day simple moving average is $172.11 and its two-hundred day simple moving average is $167.68. The Allstate Co. has a 52 week low of $105.85 and a 52 week high of $191.33.

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

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be issued 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 1.94%. Allstate’s dividend payout ratio (DPR) is 81.24%.

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.