Several institutional investors have changed their stakes in Allstate. Rise Advisors LLC and Northwest Investment Counselors LLC both bought new positions worth $26,000 in the first quarter. Versant Capital increased its stake by 70.9% in the second quarter, now holding 188 shares valued at $30,000. Family Firm Inc invested $38,000 in Allstate’s shares, while MCF Advisors LLC raised its holdings by 33.9%, currently owning shares worth $53,000. Overall, hedge funds and institutional investors own 76.47% of Allstate’s stock.
Allstate Stock Down 4.9%
Allstates stock opened at $181.18. Key financial metrics include a quick ratio of 0.36, a debt-to-equity ratio of 0.49, and a market cap of $47.82 billion. The P/E ratio is 40.00, with a twelve-month range between $112.42 and $193.97.
Allstate Announces Dividend
The company declared a quarterly dividend of $0.92 per share, paid on October 1st. The annualized dividend is $3.68, yielding 2.03% with a payout ratio of 81.24%.
Insider Activity at Allstate
Insider John E. Dugenske sold 36,367 shares on September 20th for about $6.96 million, retaining 27,364 shares. EVP Robert Toohey sold 16,682 shares on August 19th for around $3 million, keeping 4,873 shares. In total, insiders sold 238,305 shares worth $43.08 million recently, owning 1.80% of the firm.
Analyst Ratings Changes
Analysts have made various updates on Allstate. Morgan Stanley lowered its price target from $205 to $200, while Raymond James raised it from $205 to $220, rating it a “strong buy.” Overall, one analyst rates it a sell, two a hold, and fourteen give it a buy rating. The consensus is a “Moderate Buy” with a target price of $195.12.
Read Our Latest Stock Analysis on Allstate
About Allstate
The Allstate Corporation provides insurance products in the U.S. and Canada, operating in five segments including Allstate Protection and Allstate Health and Benefits.
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