The Allstate Corporation $ALL Shares Bought by Wilsey Asset Management Inc.

Wilsey Asset Management Inc. boosted its holdings in The Allstate Corporation (NYSE:ALL) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,563 shares of the insurance provider’s stock after buying an additional 7,892 shares during the quarter. Allstate makes up approximately 6.1% of Wilsey Asset Management Inc.’s investment portfolio, making the stock its 6th largest position. Wilsey Asset Management Inc.’s holdings in Allstate were worth $38,682,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. MV Capital Management Inc. acquired a new position in Allstate in the 4th quarter valued at approximately $25,000. Dorato Capital Management acquired a new position in shares of Allstate during the fourth quarter worth $27,000. Navalign LLC bought a new stake in shares of Allstate in the fourth quarter worth $27,000. Evolution Wealth Management Inc. increased its holdings 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 purchasing an additional 140 shares during the period. Finally, Princeton Global Asset Management LLC grew its position in shares of Allstate by 101.3% in the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after buying an additional 76 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Mark Q. Prindiville sold 1,550 shares of the company’s 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 sale, the insider owned 27,558 shares in the company, valued at $5,959,968.66. This represents a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrea Redmond sold 2,225 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $202.91, for a total transaction of $451,474.75. Following the completion of the transaction, the director directly owned 2,225 shares in the company, valued at approximately $451,474.75. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 22,353 shares of company stock worth $4,851,560 in the last quarter. Insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

ALL has been the subject of several analyst reports. Weiss Ratings restated a “buy (a-)” rating on shares of Allstate in a report on Thursday, June 18th. Citigroup increased their price objective on shares of Allstate from $221.00 to $226.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Mizuho dropped their target price on shares of Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Piper Sandler reaffirmed an “overweight” rating on shares of Allstate in a research report on Thursday, May 28th. Finally, Keefe, Bruyette & Woods cut Allstate from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $266.00 to $242.00 in a research note on Monday, June 8th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $240.33.

Allstate Stock Performance

Shares of Allstate stock opened at $249.84 on Monday. The business has a 50-day simple moving average of $220.59 and a 200 day simple moving average of $211.53. The Allstate Corporation has a one year low of $188.08 and a one year high of $250.38. 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 firm has a market capitalization of $64.31 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 0.44 and a beta of 0.16.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. The firm 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 revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.53 earnings per share. On average, research analysts anticipate that The Allstate Corporation will post 29.75 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $4.32 annualized dividend and a dividend yield of 1.7%. Allstate’s payout ratio is presently 9.53%.

Allstate 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.