Investors Sell Allstate (ALL) on Strength (ALL)

Traders sold shares of Allstate Corp (NYSE:ALL) on strength during trading on Tuesday. $26.45 million flowed into the stock on the tick-up and $75.99 million flowed out of the stock on the tick-down, for a money net flow of $49.54 million out of the stock. Of all equities tracked, Allstate had the 18th highest net out-flow for the day. Allstate traded up $0.02 for the day and closed at $102.13

Several research analysts have recently issued reports on ALL shares. Zacks Investment Research upgraded shares of Allstate from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Goldman Sachs Group started coverage on shares of Allstate in a report on Monday, December 4th. They set a “neutral” rating and a $104.00 price target for the company. UBS Group upped their price target on shares of Allstate from $93.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Credit Suisse Group upped their price target on shares of Allstate from $91.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Finally, Wells Fargo & Co set a $105.00 price target on shares of Allstate and gave the stock a “buy” rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Allstate presently has an average rating of “Hold” and a consensus price target of $96.43.

The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $36,650.00, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 1.54 and a beta of 1.12.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.01). Allstate had a return on equity of 13.11% and a net margin of 7.32%. The business had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the prior year, the firm earned $1.26 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities research analysts expect that Allstate Corp will post 6.15 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th were paid a $0.37 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.48 annualized dividend and a dividend yield of 1.45%. Allstate’s dividend payout ratio is 20.56%.

In related news, EVP Susan L. Lees sold 4,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $100.49, for a total value of $401,960.00. Following the sale, the executive vice president now owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Suren Gupta sold 103,242 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $98.68, for a total transaction of $10,187,920.56. The disclosure for this sale can be found here. In the last three months, insiders sold 432,242 shares of company stock worth $42,827,931. 1.50% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sandy Spring Bank boosted its position in Allstate by 2.5% during the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock valued at $103,000 after acquiring an additional 28 shares during the last quarter. Afam Capital Inc. boosted its position in Allstate by 1.1% during the second quarter. Afam Capital Inc. now owns 25,484 shares of the insurance provider’s stock valued at $2,254,000 after acquiring an additional 271 shares during the last quarter. Advisory Services Network LLC boosted its position in Allstate by 10.8% during the second quarter. Advisory Services Network LLC now owns 2,798 shares of the insurance provider’s stock valued at $247,000 after acquiring an additional 273 shares during the last quarter. Woodmont Investment Counsel LLC boosted its position in Allstate by 5.3% during the second quarter. Woodmont Investment Counsel LLC now owns 7,403 shares of the insurance provider’s stock valued at $655,000 after acquiring an additional 370 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its position in Allstate by 33.2% during the second quarter. Acrospire Investment Management LLC now owns 1,598 shares of the insurance provider’s stock valued at $141,000 after acquiring an additional 398 shares during the last quarter. 76.56% of the stock is currently owned by institutional investors and hedge funds.

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About Allstate

The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.

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