The Allstate Co. (NYSE:ALL) Shares Bought by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department lifted its stake in shares of The Allstate Co. (NYSE:ALL) by 216.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,348 shares of the insurance provider’s stock after buying an additional 5,713 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Allstate were worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new position in Allstate in the 4th quarter worth approximately $61,000. Dynamic Advisor Solutions LLC lifted its holdings in Allstate by 5.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,195 shares of the insurance provider’s stock worth $629,000 after purchasing an additional 222 shares during the period. Advisor Resource Council acquired a new position in Allstate during the 4th quarter valued at about $618,000. SG Americas Securities LLC boosted its holdings in shares of Allstate by 33.5% in the fourth quarter. SG Americas Securities LLC now owns 15,089 shares of the insurance provider’s stock valued at $2,112,000 after acquiring an additional 3,785 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC raised its holdings in Allstate by 7.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 3,784 shares of the insurance provider’s stock worth $530,000 after purchasing an additional 253 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 3rd. Evercore ISI boosted their price objective on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Wells Fargo & Company boosted their price target on shares of Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a report on Friday, May 10th. Piper Sandler increased their price objective on Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, Morgan Stanley lowered their target price on Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.06.

Allstate Trading Down 0.3 %

Shares of ALL traded down $0.52 on Tuesday, reaching $174.31. 331,033 shares of the company’s stock were exchanged, compared to its average volume of 1,551,849. The Allstate Co. has a 12 month low of $104.29 and a 12 month high of $179.93. The stock has a market capitalization of $46.00 billion, a P/E ratio of 38.76, a price-to-earnings-growth ratio of 1.96 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 0.48. The business has a 50 day moving average price of $163.81 and a two-hundred day moving average price of $162.99.

Allstate (NYSE:ALL) last issued its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, beating the consensus estimate of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The company had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. During the same quarter in the previous year, the company posted ($1.30) EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts anticipate that The Allstate Co. will post 12.72 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Friday, August 30th. Allstate’s dividend payout ratio is currently 81.24%.

Insider Buying and Selling at Allstate

In related news, insider Suren Gupta sold 45,775 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the sale, the insider now directly owns 89,930 shares in the company, valued at $15,942,790.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

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.