Atria Wealth Solutions Inc. Lowers Stock Position in The Allstate Co. (NYSE:ALL)

Atria Wealth Solutions Inc. trimmed its position in The Allstate Co. (NYSE:ALL) by 13.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,644 shares of the insurance provider’s stock after selling 548 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Allstate were worth $512,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gradient Investments LLC increased its stake in shares of Allstate by 1.6% in the fourth quarter. Gradient Investments LLC now owns 4,130 shares of the insurance provider’s stock worth $578,000 after purchasing an additional 66 shares in the last quarter. SVB Wealth LLC increased its stake in Allstate by 1.2% in the 4th quarter. SVB Wealth LLC now owns 6,169 shares of the insurance provider’s stock worth $864,000 after buying an additional 72 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in Allstate by 1.5% during 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 during the period. Carmel Capital Partners LLC lifted its position in shares of Allstate by 19.2% in the third quarter. Carmel Capital Partners LLC now owns 516 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 83 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its stake in shares of Allstate by 3.8% in the fourth quarter. Ausdal Financial Partners Inc. now owns 2,405 shares of the insurance provider’s stock worth $337,000 after acquiring an additional 89 shares during the period. Institutional investors own 76.47% of the company’s stock.

Insider Transactions at Allstate

In related news, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Allstate news, insider John E. Dugenske sold 31,000 shares of the company’s 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 transaction, the insider now directly owns 63,731 shares in the company, valued at approximately $10,847,016.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction that occurred on 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 disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Raymond James boosted their price target on Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Wells Fargo & Company upped their target price on shares of Allstate from $145.00 to $146.00 and gave the stock an “underweight” rating in a research report on Thursday, April 11th. Evercore ISI lifted their price target on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. TD Cowen began coverage on shares of Allstate in a report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 price objective for the company. Finally, BMO Capital Markets lifted their target price on Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $174.18.

Allstate Stock Down 0.6 %

NYSE ALL opened at $168.18 on Monday. The Allstate Co. has a 52 week low of $100.57 and a 52 week high of $177.37. The firm has a market capitalization of $44.39 billion, a price-to-earnings ratio of 37.13, a PEG ratio of 0.39 and a beta of 0.51. The company has a quick ratio of 0.37, a current ratio of 0.36 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average of $166.06 and a two-hundred day moving average of $151.27.

Allstate (NYSE:ALL) last released its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The firm had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. During the same period in the previous year, the company earned ($1.30) EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, analysts predict that The Allstate Co. will post 14.57 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a dividend of $0.92 per share. This is a boost from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.19%. Allstate’s dividend payout ratio is currently 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.