Several hedge funds and institutional investors have changed their holdings in Allstate. Rise Advisors LLC and Northwest Investment Counselors LLC each bought shares worth $26,000 in the first quarter. Versant Capital Management Inc increased its stake by 70.9% in the second quarter, now owning shares worth $30,000. Family Firm Inc. acquired shares valued at $38,000, while MCF Advisors LLC raised its holdings by 33.9%, bringing the total to $53,000. Overall, 76.47% of Allstate’s stock is held by institutional investors.
Allstate Stock Down 4.9%
Allstate’s stock opened at $181.18 on Tuesday. Key financial metrics include a market cap of $47.82 billion, a P/E ratio of 40.00, and a debt-to-equity ratio of 0.49. The stock has ranged from a low of $112.42 to a high of $193.97 over the past year.
Allstate reported $1.61 earnings per share for the quarter ending July 31, exceeding estimates. Revenue was $15.71 billion, beating expectations of $14.04 billion. The company showed a year-over-year revenue increase of 12.4%.
Allstate Announces Dividend
Allstate paid a quarterly dividend of $0.92 per share on October 1, with an annualized yield of 2.03% and a payout ratio of 81.24%.
Insider Activity at Allstate
Insider John E. Dugenske sold 36,367 shares on September 20 at $191.38 each, totaling nearly $7 million. After the sale, he retained 27,364 shares valued at over $5 million. Another insider, Robert Toohey, sold 16,682 shares on August 19 for $3 million. Insider trades totaled 238,305 shares valued at $43 million in the last 90 days, with insiders owning 1.80% of the company.
Analyst Ratings Changes
Recent analysis of Allstate has seen mixed ratings, with 14 analysts giving a “buy” rating, one “strong buy,” and one “sell.” The average target price is set at $195.12.
Read Our Latest Stock Analysis on Allstate
About Allstate
The Allstate Corporation offers a range of insurance products in the U.S. and Canada, operating in multiple segments, including Allstate Protection and Health and Benefits.
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