3,008 Shares in The Allstate Corporation $ALL Bought by Strategic Wealth Advisors LLC

Strategic Wealth Advisors LLC acquired a new stake in shares of The Allstate Corporation (NYSE:ALL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,008 shares of the insurance provider’s stock, valued at approximately $626,000. Allstate comprises 0.5% of Strategic Wealth Advisors LLC’s portfolio, making the stock its 14th biggest holding.

A number of other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position 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 valued at $1,253,000 after purchasing an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Allstate in the fourth quarter worth approximately $231,000. WINTON GROUP Ltd bought a new stake in Allstate during the second quarter valued at approximately $210,000. Treasurer of the State of North Carolina grew its position in Allstate by 2.5% during the second quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider’s stock valued at $24,816,000 after buying an additional 3,051 shares during the period. Finally, Ieq Capital LLC increased its holdings in Allstate by 20.1% during the second 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 during the last quarter. Institutional investors own 76.47% of the company’s stock.

Insiders Place Their Bets

In other news, Director Andrea Redmond sold 2,225 shares of the company’s 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 completion of the transaction, the director owned 2,225 shares of the company’s stock, valued at $451,474.75. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John E. Dugenske sold 32,996 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $269.33, for a total value of $8,886,812.68. Following the sale, the insider owned 13,054 shares of the company’s stock, valued at $3,515,833.82. This represents a 71.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 92,996 shares of company stock valued at $24,543,894 in the last ninety days. Insiders own 1.55% of the company’s stock.

Allstate Stock Performance

ALL opened at $261.27 on Wednesday. The firm has a market cap of $66.06 billion, a P/E ratio of 5.22, a PEG ratio of 0.41 and a beta of 0.16. The Allstate Corporation has a 1-year low of $188.08 and a 1-year high of $277.22. The company has a 50 day simple moving average of $248.26 and a two-hundred day simple moving average of $223.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, beating the consensus estimate of $6.06 by $2.93. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The firm had revenue of $15.43 billion for the quarter, compared to the consensus estimate of $15.46 billion. During the same period last year, the firm earned $5.94 EPS. The company’s revenue was up 11.8% on a year-over-year basis. Equities analysts forecast that The Allstate Corporation will post 34.2 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, August 31st will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, August 31st. Allstate’s dividend payout ratio is presently 8.63%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Citigroup downgraded shares of Allstate from a “neutral” rating to a “sell” rating and increased their price target for the stock from $226.00 to $240.00 in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Allstate from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, August 6th. Zacks Research raised Allstate from a “hold” rating to a “strong-buy” rating in a report on Monday. Wells Fargo & Company downgraded Allstate from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $243.00 to $250.00 in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. boosted their price target on Allstate from $282.00 to $292.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Allstate presently has a consensus rating of “Hold” and a consensus target price of $265.53.

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.