3,580 Shares in The Allstate Co. (NYSE:ALL) Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. bought a new stake in The Allstate Co. (NYSE:ALL) during the first quarter, according to its most recent filing with the SEC. The firm bought 3,580 shares of the insurance provider’s stock, valued at approximately $619,000.

Several other institutional investors have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. bought a new position in Allstate during the first quarter worth $25,000. Private Wealth Management Group LLC bought a new position in shares of Allstate during the 4th quarter worth about $25,000. Rise Advisors LLC acquired a new position in shares of Allstate during the first quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Allstate in the first quarter valued at about $26,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in Allstate during the fourth quarter worth about $36,000. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling

In other news, insider Suren Gupta sold 45,775 shares of Allstate stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $177.28, for a total value of $8,114,992.00. Following the completion of the transaction, the insider now owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ALL has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Piper Sandler boosted their price target on shares of Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Morgan Stanley reduced their price objective on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Wells Fargo & Company raised their price target on shares of Allstate from $146.00 to $153.00 and gave the stock an “underweight” rating in a research note on Friday, May 10th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $194.00 price target on shares of Allstate in a research note on Friday, July 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.06.

Allstate Stock Up 0.1 %

Shares of NYSE ALL traded up $0.11 during mid-day trading on Tuesday, reaching $174.94. 167,105 shares of the company’s stock were exchanged, compared to its average volume of 1,550,678. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. The Allstate Co. has a twelve month low of $104.29 and a twelve month high of $179.93. The business has a fifty day simple moving average of $163.81 and a 200 day simple moving average of $162.99. The firm has a market capitalization of $46.17 billion, a price-to-earnings ratio of 38.76, a PEG ratio of 1.96 and a beta of 0.48.

Allstate (NYSE:ALL) last released its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The firm had revenue of $15.26 billion during the quarter, compared to the consensus estimate of $12.76 billion. During the same quarter in the prior year, the firm posted ($1.30) EPS. The business’s revenue was up 10.7% on a year-over-year basis. As a group, equities analysts expect that The Allstate Co. will post 12.72 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s payout ratio is presently 81.24%.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.