The Allstate Co. (NYSE:ALL) Shares Bought by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. grew its stake in The Allstate Co. (NYSE:ALL) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,634 shares of the insurance provider’s stock after buying an additional 270 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Allstate were worth $740,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ALL. SageView Advisory Group LLC acquired a new position in Allstate during the fourth quarter worth approximately $456,000. Rafferty Asset Management LLC increased its holdings in shares of Allstate by 5.7% in the 4th quarter. Rafferty Asset Management LLC now owns 92,753 shares of the insurance provider’s stock valued at $12,984,000 after acquiring an additional 4,987 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in Allstate in the 4th quarter valued at $5,927,000. BDF Gestion acquired a new stake in Allstate during the 2nd quarter worth $3,051,000. Finally, BNP Paribas Financial Markets grew its position in Allstate by 55.8% during the 1st quarter. BNP Paribas Financial Markets now owns 218,629 shares of the insurance provider’s stock worth $37,825,000 after purchasing an additional 78,316 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Price Performance

ALL stock opened at $188.30 on Monday. The firm has a 50 day moving average of $176.43 and a 200-day moving average of $169.17. The company has a market cap of $49.72 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 1.74 and a beta of 0.48. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. The Allstate Co. has a 12-month low of $108.16 and a 12-month high of $191.33.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $1.28. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.04 billion. Allstate had a return on equity of 24.05% and a net margin of 5.03%. Allstate’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($4.42) earnings per share. As a group, equities analysts expect that The Allstate Co. will post 15.16 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be paid a $0.92 dividend. The ex-dividend date is Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a yield of 1.95%. Allstate’s payout ratio is 81.24%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets increased their target price on shares of Allstate from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased 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. Bank of America lifted their target price on Allstate from $213.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. TD Cowen upped their price target on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company lowered their price objective on shares of Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

Insider Buying and Selling at Allstate

In other news, EVP Robert Toohey sold 16,682 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the sale, the executive vice president now directly owns 4,873 shares in the company, valued at $877,968.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the completion of the transaction, the chief executive officer now owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Toohey sold 16,682 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the completion of the transaction, the executive vice president now owns 4,873 shares in the company, valued at $877,968.41. The disclosure for this sale can be found here. In the last three months, insiders sold 201,938 shares of company stock worth $36,122,740. 1.80% of the stock is owned by corporate insiders.

Allstate Company Profile

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.