CreativeOne Wealth LLC Grows Stake in The Allstate Co. (NYSE:ALL)

CreativeOne Wealth LLC lifted its position in The Allstate Co. (NYSE:ALLFree Report) by 10.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,436 shares of the insurance provider’s stock after buying an additional 506 shares during the period. CreativeOne Wealth LLC’s holdings in Allstate were worth $761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ALL. Gradient Investments LLC lifted its position in Allstate by 1.6% during the fourth quarter. Gradient Investments LLC now owns 4,130 shares of the insurance provider’s stock valued at $578,000 after purchasing an additional 66 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Allstate by 1.9% in the fourth quarter. Brighton Jones LLC now owns 3,862 shares of the insurance provider’s stock valued at $541,000 after acquiring an additional 71 shares in the last quarter. SVB Wealth LLC lifted its position in shares of Allstate by 1.2% in the fourth quarter. SVB Wealth LLC now owns 6,169 shares of the insurance provider’s stock valued at $864,000 after acquiring an additional 72 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of Allstate by 1.5% in the fourth quarter. AdvisorNet Financial Inc now owns 5,384 shares of the insurance provider’s stock valued at $754,000 after acquiring an additional 82 shares in the last quarter. Finally, St. Johns Investment Management Company LLC lifted its position in shares of Allstate by 2.2% in the fourth quarter. St. Johns Investment Management Company LLC now owns 3,955 shares of the insurance provider’s stock valued at $554,000 after acquiring an additional 85 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALL has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. TheStreet raised Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Wells Fargo & Company boosted their target price on Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a research report on Friday, May 10th. Piper Sandler boosted their target price on Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Finally, Evercore ISI boosted their target price on Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $174.59.

Check Out Our Latest Analysis on ALL

Allstate Stock Performance

Shares of ALL stock opened at $166.18 on Thursday. The business’s fifty day simple moving average is $168.88 and its 200-day simple moving average is $155.00. The company has a market cap of $43.86 billion, a PE ratio of 36.68, a PEG ratio of 1.60 and a beta of 0.51. 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 12-month low of $100.57 and a 12-month high of $177.37.

Allstate (NYSE:ALLGet Free Report) last released its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $12.76 billion. During the same period in the prior year, the firm earned ($1.30) EPS. The firm’s revenue was up 10.7% on a year-over-year basis. Analysts expect that The Allstate Co. will post 14.97 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, May 31st will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.21%. The ex-dividend date is Friday, May 31st. Allstate’s dividend payout ratio is currently 81.24%.

Insiders Place Their Bets

In other news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the sale, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Allstate news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of the sale, the insider now owns 63,731 shares in the company, valued at approximately $10,847,016.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the sale, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

About Allstate

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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