The Allstate Corporation $ALL Position Trimmed by Vestor Capital LLC

Vestor Capital LLC decreased its holdings in The Allstate Corporation (NYSE:ALL) by 99.9% during the first quarter, Holdings Channel.com reports. The firm owned 300 shares of the insurance provider’s stock after selling 310,586 shares during the period. Vestor Capital LLC’s holdings in Allstate were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ALL. Coldstream Capital Management Inc. grew its position in Allstate by 0.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,809 shares of the insurance provider’s stock valued at $1,625,000 after purchasing an additional 50 shares in the last quarter. Compound Planning Inc. lifted its position in Allstate by 1.6% in the 4th quarter. Compound Planning Inc. now owns 3,216 shares of the insurance provider’s stock worth $669,000 after buying an additional 50 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in Allstate by 0.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider’s stock worth $1,210,000 after buying an additional 52 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of Allstate by 4.7% during the 1st quarter. Root Financial Partners LLC now owns 1,170 shares of the insurance provider’s stock valued at $243,000 after buying an additional 53 shares during the period. Finally, Montag A & Associates Inc. boosted its stake in shares of Allstate by 10.2% during the 4th quarter. Montag A & Associates Inc. now owns 596 shares of the insurance provider’s stock valued at $125,000 after buying an additional 55 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ALL shares. Mizuho upped their price target on shares of Allstate from $255.00 to $272.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Wells Fargo & Company lifted their price objective on Allstate from $229.00 to $243.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald boosted their target price on Allstate from $236.00 to $242.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Piper Sandler reaffirmed an “overweight” rating on shares of Allstate in a research report on Thursday, May 28th. Finally, HSBC downgraded Allstate from a “buy” rating to a “hold” rating and raised their price target for the stock from $244.00 to $264.00 in a research note on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Allstate has an average rating of “Moderate Buy” and a consensus target price of $254.80.

Allstate Stock Performance

Shares of ALL opened at $264.53 on Friday. The firm has a market cap of $68.10 billion, a price-to-earnings ratio of 5.84, a price-to-earnings-growth ratio of 0.45 and a beta of 0.16. The company’s fifty day moving average is $235.94 and its 200-day moving average is $218.05. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $277.22.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (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 analyst estimates of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. Allstate’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.53 EPS. Equities analysts expect that The Allstate Corporation will post 30.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, August 31st will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, August 31st. Allstate’s dividend payout ratio (DPR) is 9.53%.

Insider Activity

In other news, insider Mark Q. Prindiville sold 1,550 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $216.27, for a total transaction of $335,218.50. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrea Redmond sold 2,225 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 2,225 shares in the company, valued at $451,474.75. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.55% of the stock is owned by company insiders.

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.