The Allstate Co. (NYSE:ALL) Holdings Decreased by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lowered its stake in shares of The Allstate Co. (NYSE:ALL) by 2.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,416 shares of the insurance provider’s stock after selling 100 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Allstate were worth $545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALL. Accretive Wealth Partners LLC acquired a new stake in Allstate during the fourth quarter valued at approximately $201,000. 9258 Wealth Management LLC increased its stake in shares of Allstate by 10.9% in the fourth quarter. 9258 Wealth Management LLC now owns 10,034 shares of the insurance provider’s stock worth $1,405,000 after purchasing an additional 987 shares during the period. Private Advisor Group LLC boosted its stake in Allstate by 16.6% during the 4th quarter. Private Advisor Group LLC now owns 12,218 shares of the insurance provider’s stock valued at $1,710,000 after purchasing an additional 1,741 shares during the period. Principal Securities Inc. acquired a new stake in shares of Allstate in the fourth quarter worth $101,000. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Allstate by 101.3% in the 4th 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. Institutional investors own 76.47% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Robert Toohey sold 16,682 shares of Allstate stock in a transaction that occurred on Monday, August 19th. The shares were 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 owns 4,873 shares of the company’s stock, valued at approximately $877,968.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the sale, the chief executive officer now owns 88,552 shares in the company, valued at $15,880,915.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Toohey sold 16,682 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the transaction, the executive vice president now owns 4,873 shares in the company, valued at $877,968.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,938 shares of company stock valued at $36,122,740. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays started coverage on shares of Allstate in a research report on Wednesday, September 4th. They set an “underweight” rating and a $175.00 price objective for the company. Wells Fargo & Company decreased their price target on shares of Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. Morgan Stanley dropped their price objective on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Piper Sandler raised their price objective on shares of Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.76.

Allstate Price Performance

Shares of NYSE ALL opened at $187.23 on Tuesday. The firm has a fifty day simple moving average of $174.30 and a 200 day simple moving average of $168.43. The Allstate Co. has a twelve month low of $106.74 and a twelve month high of $191.33. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $49.44 billion, a PE ratio of 41.33, a P/E/G ratio of 1.75 and a beta of 0.48.

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

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

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.