Recently, various institutional investors changed their positions in Allstate. Rise Advisors LLC and Northwest Investment Counselors LLC each bought $26,000 worth of Allstate shares in Q1. Versant Capital Management increased its stake by 70.9% in Q2, owning now 188 shares worth $30,000. Family Firm Inc. acquired a new $38,000 position in Q2, while MCF Advisors raised its holdings by 33.9% in the same quarter, bringing its total to 332 shares valued at $53,000. Currently, 76.47% of Allstate’s stock is owned by institutional investors.
Allstate Stock Down 4.9 %
Allstate’s stock opened at $181.18 on Tuesday. Key financial stats include a market cap of $47.82 billion, a P/E ratio of 40.00, and a debt-to-equity ratio of 0.49. Its stock has fluctuated between $112.42 and $193.97 in the past year.
On July 31st, Allstate reported quarterly earnings of $1.61 per share, exceeding analysts’ expectations of $0.33. Revenue for the quarter was $15.71 billion, up 12.4% year-over-year.
Allstate Dividend Announcement
The company declared a quarterly dividend of $0.92 per share, paid on October 1st. This annualizes to $3.68 with a yield of 2.03%, and the dividend payout ratio is 81.24%.
Insider Trading
In recent trades, insider John E. Dugenske sold 36,367 shares on September 20th for $6.96 million. Following this, he owns 27,364 shares. Another insider, Robert Toohey, sold 16,682 shares for approximately $3 million. Over the last 90 days, insiders sold 238,305 shares worth about $43 million, holding a total of 1.80% of the company.
Analyst Ratings
Analysts have mixed opinions on Allstate. Morgan Stanley reduced its price target from $205 to $200, while Raymond James raised theirs from $205 to $220. Overall, one analyst rated it a sell, two a hold, fourteen a buy, and one a strong buy, giving it a consensus rating of Moderate Buy with a target price of $195.12.
Read Our Latest Stock Analysis on Allstate
About Allstate
The Allstate Corporation offers property and casualty insurance products in the U.S. and Canada, operating in multiple segments.
See Also
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