Icon Wealth Advisors LLC Has $444,000 Stake in The Allstate Co. (NYSE:ALL)

Icon Wealth Advisors LLC boosted its holdings in The Allstate Co. (NYSE:ALL) by 38.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,343 shares of the insurance provider’s stock after purchasing an additional 645 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Allstate were worth $444,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in shares of Allstate during the third quarter worth about $28,000. Catalyst Capital Advisors LLC bought a new stake in Allstate during the 3rd quarter worth approximately $29,000. Versant Capital Management Inc raised its stake 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 purchasing an additional 78 shares during the last quarter. Family Firm Inc. bought a new position in shares of Allstate in the second quarter valued at approximately $38,000. Finally, MCF Advisors LLC lifted its holdings in shares of Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Trading Down 0.4 %

Shares of ALL opened at $207.39 on Friday. The Allstate Co. has a fifty-two week low of $134.17 and a fifty-two week high of $209.88. The business has a 50-day moving average of $193.02 and a 200 day moving average of $179.03. The firm has a market cap of $54.92 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 1.83 and a beta of 0.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. As a group, research analysts forecast that The Allstate Co. will post 16.26 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, November 29th. Allstate’s payout ratio is currently 23.83%.

Insider Activity at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the transaction, the insider now owns 27,364 shares of the company’s stock, valued at $5,236,922.32. The trade was a 57.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on ALL. Bank of America increased their price target on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Jefferies Financial Group increased their target price on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler boosted their price target on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday. UBS Group upped their price objective on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group lifted their target price on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $217.19.

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.