SG Americas Securities LLC Sells 19,334 Shares of The Allstate Co. (NYSE:ALL)

SG Americas Securities LLC lowered its stake in shares of The Allstate Co. (NYSE:ALL) by 36.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,756 shares of the insurance provider’s stock after selling 19,334 shares during the period. SG Americas Securities LLC’s holdings in Allstate were worth $5,389,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Confluence Wealth Services Inc. increased its position in shares of Allstate by 0.9% during the first quarter. Confluence Wealth Services Inc. now owns 7,547 shares of the insurance provider’s stock valued at $1,306,000 after acquiring an additional 65 shares in the last quarter. Brighton Jones LLC grew its stake in Allstate by 1.9% in the 4th quarter. Brighton Jones LLC now owns 3,862 shares of the insurance provider’s stock worth $541,000 after acquiring an additional 71 shares in the last quarter. SVB Wealth LLC grew 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 acquiring an additional 72 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 78 shares during the period. Finally, St. Johns Investment Management Company LLC lifted its position in Allstate by 2.2% during 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 during the last quarter. Institutional investors own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. The Goldman Sachs Group raised their price target on shares of Allstate from $197.00 to $199.00 and gave the company a “buy” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. upped their target price on shares of Allstate from $193.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Wells Fargo & Company upped their price objective on shares of Allstate from $146.00 to $153.00 and gave the stock an “underweight” rating in a research report on Friday, May 10th. StockNews.com cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Morgan Stanley dropped their price objective on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Allstate currently has an average rating of “Moderate Buy” and a consensus target price of $184.06.

Insider Transactions at Allstate

In other news, insider Suren Gupta sold 45,775 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was 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 of the company’s stock, valued at $15,942,790.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Allstate Stock Up 0.3 %

Shares of Allstate stock traded up $0.51 during trading on Friday, hitting $171.03. 1,000,121 shares of the stock were exchanged, compared to its average volume of 1,569,766. The Allstate Co. has a 12-month low of $104.29 and a 12-month high of $180.87. The stock has a market cap of $45.14 billion, a price-to-earnings ratio of 37.75, a price-to-earnings-growth ratio of 1.86 and a beta of 0.48. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36. The firm’s 50-day moving average price is $165.19 and its 200 day moving average price is $164.82.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28. The firm 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%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($4.42) earnings per share. As a group, analysts forecast that The Allstate Co. will post 13.64 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be given a $0.92 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.15%. Allstate’s 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.