Annex Advisory Services LLC Sells 95 Shares of The Allstate Co. (NYSE:ALL)

Annex Advisory Services LLC lowered its stake in shares of The Allstate Co. (NYSE:ALL) by 2.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,365 shares of the insurance provider’s stock after selling 95 shares during the period. Annex Advisory Services LLC’s holdings in Allstate were worth $828,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Rise Advisors LLC bought a new stake in shares of Allstate during the first quarter valued at approximately $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Allstate in the 1st quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings in shares of Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after buying an additional 78 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Allstate in the 2nd quarter worth approximately $38,000. Finally, MCF Advisors LLC lifted its holdings in shares of Allstate by 33.9% during the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 84 shares during the period. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling

In other Allstate news, insider Suren Gupta sold 45,775 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 89,930 shares of the company’s stock, valued at $15,942,790.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Suren Gupta sold 45,775 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 89,930 shares in the company, valued at $15,942,790.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction dated 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 sale, the chief executive officer now directly owns 88,552 shares in the company, valued at approximately $15,880,915.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 238,305 shares of company stock worth $43,082,657. 1.80% of the stock is owned by corporate insiders.

Allstate Price Performance

Shares of ALL opened at $188.28 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market capitalization of $49.69 billion, a PE ratio of 41.56, a P/E/G ratio of 1.74 and a beta of 0.48. The stock has a 50 day simple moving average of $184.27 and a 200 day simple moving average of $173.07. The Allstate Co. has a 52-week low of $113.04 and a 52-week high of $193.97.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28. The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the business posted ($4.42) earnings per share. Sell-side analysts predict that The Allstate Co. will post 15.19 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th were given a dividend of $0.92 per share. The ex-dividend date was Friday, August 30th. This represents a $3.68 annualized dividend and a dividend yield of 1.95%. Allstate’s dividend payout ratio is currently 81.24%.

Analysts Set New Price Targets

Several brokerages have weighed in on ALL. Keefe, Bruyette & Woods upped their price objective on shares of Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Piper Sandler raised their target price on Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Barclays began coverage on shares of Allstate in a research report on Wednesday, September 4th. They set an “underweight” rating and a $175.00 price target on the stock. BMO Capital Markets raised their price objective on shares of Allstate from $191.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Jefferies Financial Group upped their target price on shares of Allstate from $217.00 to $231.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.24.

About Allstate

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.