3,992 Shares in The Allstate Corporation $ALL Bought by Heritage Trust Co

Heritage Trust Co acquired a new position in shares of The Allstate Corporation (NYSE:ALL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,992 shares of the insurance provider’s stock, valued at approximately $831,000.

A number of other hedge funds have also recently made changes to their positions in ALL. Brighton Jones LLC lifted its stake in shares of Allstate by 60.2% during the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after purchasing an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Allstate during the 4th quarter worth $231,000. WINTON GROUP Ltd purchased a new stake in shares of Allstate during the 2nd quarter worth $210,000. Treasurer of the State of North Carolina lifted its stake in shares of Allstate by 2.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider’s stock worth $24,816,000 after purchasing an additional 3,051 shares during the last quarter. Finally, Ieq Capital LLC increased its position in Allstate by 20.1% during the 2nd quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider’s stock valued at $7,713,000 after buying an additional 6,412 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Up 1.8%

Shares of ALL stock opened at $210.94 on Wednesday. The stock’s 50-day simple moving average is $212.78 and its 200-day simple moving average is $208.59. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market capitalization of $54.30 billion, a PE ratio of 4.65, a P/E/G ratio of 0.37 and a beta of 0.18. The Allstate Corporation has a fifty-two week low of $188.08 and a fifty-two week high of $227.62.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. The business had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.53 earnings per share. Equities analysts expect that The Allstate Corporation will post 29.43 earnings per share for the current year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders 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 dividend yield of 2.0%. Allstate’s dividend payout ratio is currently 9.53%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ALL. Piper Sandler reaffirmed an “overweight” rating on shares of Allstate in a research report on Thursday, May 28th. JPMorgan Chase & Co. upped their target price on Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Mizuho reduced their target price on Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Citigroup upped their target price on Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, Barclays upped their target price on Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a research report on Wednesday, April 8th. Three equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and a consensus price target of $241.67.

Insider Activity

In other news, Director Andrea Redmond sold 2,225 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $202.91, for a total value of $451,474.75. Following the transaction, the director directly owned 2,225 shares of the company’s stock, valued at approximately $451,474.75. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Q. Prindiville sold 1,550 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $216.27, for a total value of $335,218.50. Following the completion of the transaction, the insider directly owned 27,558 shares in the company, valued at $5,959,968.66. This represents a 5.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 22,353 shares of company stock valued at $4,851,560. Company insiders own 1.55% of the company’s stock.

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.