The Allstate Corporation $ALL Shares Sold by Sapient Capital LLC

Sapient Capital LLC cut its position in The Allstate Corporation (NYSE:ALL) by 73.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,200 shares of the insurance provider’s stock after selling 3,273 shares during the quarter. Sapient Capital LLC’s holdings in Allstate were worth $256,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Dorato Capital Management acquired a new stake in Allstate during the 4th quarter worth approximately $27,000. Navalign LLC acquired a new stake in Allstate during the 4th quarter worth approximately $27,000. Princeton Global Asset Management LLC lifted its position 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 acquiring an additional 76 shares during the period. Palisade Asset Management LLC acquired a new stake in Allstate during the 3rd quarter worth approximately $31,000. Finally, South Plains Financial Inc. lifted its position in Allstate by 41.5% during the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 49 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Allstate

In other news, COO Mario Rizzo sold 18,578 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the completion of the sale, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $17,991,267.60. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ALL has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $231.00 price objective on shares of Allstate in a research report on Thursday, March 5th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $260.00 price objective on shares of Allstate in a research report on Tuesday, March 3rd. Wall Street Zen cut Allstate from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Zacks Research cut Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $241.67.

Allstate Stock Up 1.4%

ALL opened at $224.36 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The business has a 50 day simple moving average of $211.62 and a 200-day simple moving average of $207.62. The stock has a market capitalization of $57.75 billion, a P/E ratio of 4.95, a P/E/G ratio of 0.40 and a beta of 0.21. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $227.62.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, beating the consensus estimate of $7.31 by $3.34. The business had revenue of $16.94 billion during the quarter, compared to analysts’ expectations of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $3.53 EPS. On average, equities analysts anticipate that The Allstate Corporation will post 29.22 earnings per share for the current fiscal year.

Allstate Company Profile

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.