The Allstate Corporation $ALL Shares Bought by Personal CFO Solutions LLC

Personal CFO Solutions LLC increased its holdings in shares of The Allstate Corporation (NYSE:ALLFree Report) by 318.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,113 shares of the insurance provider’s stock after purchasing an additional 3,890 shares during the period. Personal CFO Solutions LLC’s holdings in Allstate were worth $1,066,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. MV Capital Management Inc. purchased a new stake in shares of Allstate during the fourth quarter worth approximately $25,000. Dorato Capital Management acquired a new stake in Allstate during the 4th quarter worth $27,000. Navalign LLC purchased a new stake in shares of Allstate in the 4th quarter valued at about $27,000. Evolution Wealth Management Inc. lifted its stake in Allstate by 7,000.0% in the first quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock valued at $29,000 after buying an additional 140 shares during the last quarter. Finally, Princeton Global Asset Management LLC boosted its stake in Allstate by 101.3% during the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ALL. Mizuho reduced their price objective on Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Wall Street Zen upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Raymond James Financial increased their target price on shares of Allstate from $260.00 to $300.00 and gave the company a “strong-buy” rating in a report on Monday. Wells Fargo & Company lifted their price target on shares of Allstate from $229.00 to $243.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Barclays upped their price target on Allstate from $203.00 to $213.00 and gave the stock an “underweight” rating in a report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $245.95.

View Our Latest Report on ALL

Allstate News Summary

Here are the key news stories impacting Allstate this week:

Insider Transactions at Allstate

In related news, insider Mark Q. Prindiville sold 1,550 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $216.27, for a total value of $335,218.50. Following the sale, the insider owned 27,558 shares of the company’s stock, valued at approximately $5,959,968.66. This represents a 5.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrea Redmond sold 2,225 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $202.91, for a total value of $451,474.75. Following the sale, the director owned 2,225 shares in the company, valued at approximately $451,474.75. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,353 shares of company stock valued at $4,851,560 in the last ninety days. Corporate insiders own 1.55% of the company’s stock.

Allstate Price Performance

Allstate stock opened at $251.29 on Thursday. The firm has a market capitalization of $64.69 billion, a PE ratio of 5.54, a P/E/G ratio of 0.44 and a beta of 0.16. The Allstate Corporation has a 52 week low of $188.08 and a 52 week high of $257.67. The firm’s 50-day simple moving average is $222.73 and its 200 day simple moving average is $212.44. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALLGet Free Report) last posted its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, beating the consensus estimate of $7.31 by $3.34. The firm had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $3.53 EPS. On average, equities research analysts predict that The Allstate Corporation will post 29.8 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be given a $1.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $4.32 annualized dividend and a dividend yield of 1.7%. Allstate’s dividend payout ratio is currently 9.53%.

About Allstate

(Free Report)

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.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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