Natixis Advisors LLC Trims Position in The Allstate Corporation $ALL

Natixis Advisors LLC trimmed its holdings in The Allstate Corporation (NYSE:ALL) by 9.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 239,492 shares of the insurance provider’s stock after selling 24,897 shares during the quarter. Natixis Advisors LLC’s holdings in Allstate were worth $49,850,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ALL. South Plains Financial Inc. raised its holdings in Allstate by 41.5% during the third quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 49 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in Allstate by 0.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,809 shares of the insurance provider’s stock worth $1,625,000 after purchasing an additional 50 shares in the last quarter. Humankind Investments LLC raised its holdings in Allstate by 4.5% during the third quarter. Humankind Investments LLC now owns 1,191 shares of the insurance provider’s stock worth $256,000 after purchasing an additional 51 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in Allstate by 0.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider’s stock worth $1,210,000 after purchasing an additional 52 shares in the last quarter. Finally, Montag A & Associates Inc. raised its holdings in Allstate by 10.2% during the fourth quarter. Montag A & Associates Inc. now owns 596 shares of the insurance provider’s stock worth $125,000 after purchasing an additional 55 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Trading Down 0.5%

Shares of Allstate stock opened at $209.43 on Thursday. The Allstate Corporation has a 12-month low of $188.08 and a 12-month high of $227.62. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. The stock has a market cap of $53.91 billion, a PE ratio of 4.62, a price-to-earnings-growth ratio of 0.38 and a beta of 0.18. The company has a 50-day moving average of $212.91 and a two-hundred day moving average of $208.59.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The company had revenue of $16.94 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same period last year, the company posted $3.53 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, research analysts anticipate that The Allstate Corporation will post 29.43 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a $1.08 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $4.32 dividend on an annualized basis and a yield of 2.1%. Allstate’s dividend payout ratio (DPR) is 9.53%.

Insider Buying and Selling at Allstate

In other Allstate news, COO Mario Rizzo sold 18,578 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $218.80, for a total value of $4,064,866.40. Following the completion of the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at approximately $17,991,267.60. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrea Redmond sold 2,225 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $202.91, for a total transaction of $451,474.75. Following the completion of the transaction, the director directly owned 2,225 shares of the company’s stock, valued at approximately $451,474.75. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 22,353 shares of company stock valued at $4,851,560. Corporate insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen cut shares of Allstate from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Piper Sandler reissued an “overweight” rating on shares of Allstate in a report on Thursday, May 28th. Raymond James Financial reissued a “strong-buy” rating and set a $260.00 price target on shares of Allstate in a report on Tuesday, March 3rd. Barclays increased their price target on shares of Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a report on Wednesday, April 8th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $220.00 price target on shares of Allstate in a report on Thursday, February 5th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.67.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.