Zions Bancorporation N.A. lower its stake in The Allstate Co. (NYSE:ALL – Free Report) by 34.4% in the course of the 2nd quarter, in line with its most up-to-date Type 13F submitting with the Securities and Change Fee (SEC). The agency owned 1,001 shares of the insurance coverage supplier’s inventory after promoting 524 shares in the course of the quarter. Zions Bancorporation N.A.’s holdings in Allstate had been price $160,000 as of its most up-to-date SEC submitting.
Different hedge funds additionally just lately modified their holdings of the corporate. Meeder Advisory Companies Inc. raised its holdings in Allstate by 26.7% within the 2nd quarter. Meeder Advisory Companies Inc. now owns 5,849 shares of the insurance coverage supplier’s inventory valued at $934,000 after buying a further 1,231 shares in the course of the interval. Oppenheimer & Co. Inc. elevated its stake in shares of Allstate by 3.8% in the course of the second quarter. Oppenheimer & Co. Inc. now owns 12,061 shares of the insurance coverage supplier’s inventory price $1,926,000 after buying a further 440 shares in the course of the interval. BOKF NA lifted its holdings in Allstate by 264.0% in the course of the 2nd quarter. BOKF NA now owns 17,799 shares of the insurance coverage supplier’s inventory price $2,842,000 after buying a further 12,909 shares over the last quarter. Johnson Funding Counsel Inc. boosted its stake in Allstate by 0.6% within the 2nd quarter. Johnson Funding Counsel Inc. now owns 16,681 shares of the insurance coverage supplier’s inventory valued at $2,663,000 after buying a further 92 shares in the course of the interval. Lastly, Forsta AP Fonden grew its holdings in Allstate by 25.6% within the 2nd quarter. Forsta AP Fonden now owns 90,700 shares of the insurance coverage supplier’s inventory valued at $14,481,000 after shopping for a further 18,500 shares within the final quarter. Institutional buyers and hedge funds personal 76.47% of the corporate’s inventory.
Allstate Value Efficiency
Allstate inventory opened at $188.30 on Friday. The corporate has a debt-to-equity ratio of 0.49, a fast ratio of 0.36 and a present ratio of 0.36. The Allstate Co. has a 52 week low of $108.16 and a 52 week excessive of $191.33. The inventory has a market capitalization of $49.72 billion, a P/E ratio of 41.57, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. The inventory has a fifty day transferring common of $176.43 and a 200-day transferring common of $169.11.
Allstate (NYSE:ALL – Get Free Report) final posted its earnings outcomes on Wednesday, July thirty first. The insurance coverage supplier reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28. The agency had income of $15.71 billion in the course of the quarter, in comparison with analysts’ expectations of $14.04 billion. Allstate had a web margin of 5.03% and a return on fairness of 24.05%. The enterprise’s income for the quarter was up 12.4% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the prior 12 months, the enterprise earned ($4.42) earnings per share. On common, sell-side analysts anticipate that The Allstate Co. will submit 15.16 earnings per share for the present fiscal 12 months.
Allstate Dividend Announcement
The enterprise additionally just lately introduced a quarterly dividend, which will probably be paid on Tuesday, October 1st. Shareholders of file on Friday, August thirtieth will probably be paid a dividend of $0.92 per share. The ex-dividend date is Friday, August thirtieth. This represents a $3.68 dividend on an annualized foundation and a dividend yield of 1.95%. Allstate’s payout ratio is presently 81.24%.
Insider Transactions at Allstate
In associated information, insider Suren Gupta offered 45,775 shares of the agency’s inventory in a transaction on Thursday, July 18th. The inventory was offered at a median worth of $177.28, for a complete transaction of $8,114,992.00. Following the sale, the insider now owns 89,930 shares of the corporate’s inventory, valued at roughly $15,942,790.40. The transaction was disclosed in a doc filed with the SEC, which is out there at this hyperlink. In different Allstate information, EVP Elizabeth Brady offered 49,481 shares of the enterprise’s inventory in a transaction that occurred on Friday, August sixteenth. The shares had been offered at a median worth of $179.09, for a complete transaction of $8,861,552.29. Following the sale, the manager vice chairman now immediately owns 19,163 shares of the corporate’s inventory, valued at roughly $3,431,901.67. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which is out there at this hyperlink. Additionally, insider Suren Gupta offered 45,775 shares of the agency’s inventory in a transaction on Thursday, July 18th. The shares had been offered at a median worth of $177.28, for a complete transaction of $8,114,992.00. Following the transaction, the insider now immediately owns 89,930 shares of the corporate’s inventory, valued at roughly $15,942,790.40. The disclosure for this sale may be discovered right here. Over the past ninety days, insiders offered 201,938 shares of firm inventory price $36,122,740. Company insiders personal 1.80% of the corporate’s inventory.
Wall Avenue Analysts Forecast Development
Plenty of equities analysis analysts have just lately weighed in on ALL shares. StockNews.com downgraded Allstate from a “strong-buy” ranking to a “purchase” ranking in a report on Wednesday, August twenty first. Financial institution of America lifted their worth goal on shares of Allstate from $213.00 to $226.00 and gave the inventory a “purchase” ranking in a analysis notice on Thursday, August 1st. Keefe, Bruyette & Woods elevated their goal worth on shares of Allstate from $199.00 to $208.00 and gave the inventory an “outperform” ranking in a analysis report on Monday, August twelfth. BMO Capital Markets lifted their worth goal on shares of Allstate from $191.00 to $205.00 and gave the corporate an “outperform” ranking in a analysis report on Monday, August fifth. Lastly, Morgan Stanley decreased their worth goal on Allstate from $205.00 to $200.00 and set an “chubby” ranking on the inventory in a analysis report on Wednesday, July tenth. One analysis analyst has rated the inventory with a promote ranking, two have assigned a maintain ranking, fourteen have given a purchase ranking and one has given a robust purchase ranking to the corporate. Based mostly on knowledge from MarketBeat.com, the corporate at present has a consensus ranking of “Average Purchase” and a consensus goal worth of $192.76.
Examine Out Our Newest Inventory Report on ALL
Allstate Firm Profile
The Allstate Company, along with its subsidiaries, offers property and casualty, and different insurance coverage merchandise in the USA and Canada. It operates in 5 segments: Allstate Safety; Safety Companies; Allstate Well being and Advantages; Run-off Property-Legal responsibility; and Company and Different segments.
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