Sentry Investment Management LLC Has $182,000 Holdings in The Allstate Co. (NYSE:ALL)

Sentry Investment Management LLC decreased its stake in The Allstate Co. (NYSE:ALL) by 17.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,138 shares of the insurance provider’s stock after selling 233 shares during the period. Sentry Investment Management LLC’s holdings in Allstate were worth $182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Accretive Wealth Partners LLC acquired a new position in shares of Allstate during the fourth quarter valued at about $201,000. 9258 Wealth Management LLC raised its holdings in Allstate by 10.9% in the 4th quarter. 9258 Wealth Management LLC now owns 10,034 shares of the insurance provider’s stock valued at $1,405,000 after acquiring an additional 987 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Allstate in the 4th quarter worth approximately $101,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Allstate by 101.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 2,500 shares of the insurance provider’s stock valued at $350,000 after purchasing an additional 1,258 shares during the period. Finally, Ieq Capital LLC increased its position in shares of Allstate by 27.1% during the fourth quarter. Ieq Capital LLC now owns 6,640 shares of the insurance provider’s stock valued at $929,000 after purchasing an additional 1,415 shares during the period. Institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Piper Sandler upped their target price on shares of Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods raised their price target on shares of Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Wells Fargo & Company lowered their price objective on Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. Finally, TD Cowen raised their target price on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.76.

Allstate Trading Down 0.3 %

NYSE ALL opened at $184.39 on Thursday. 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 $107.85 and a 12 month high of $191.33. The company has a market capitalization of $48.66 billion, a PE ratio of 40.70, a P/E/G ratio of 1.75 and a beta of 0.48. The stock has a 50-day simple moving average of $175.30 and a 200 day simple moving average of $168.73.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $1.28. The business had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. Allstate’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the company posted ($4.42) EPS. Research analysts forecast that The Allstate Co. will post 15.16 EPS for the current year.

Allstate Announces Dividend

The company also recently declared 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 2.00%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio (DPR) is 81.24%.

Insider Activity at Allstate

In other news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $15,880,915.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at $15,880,915.68. The disclosure for this sale can be found here. Insiders sold a total of 201,938 shares of company stock worth $36,122,740 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

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.