Allstate Corp (NYSE:ALL) EVP Susan L. Lees sold 30,189 shares of Allstate stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $102.26, for a total value of $3,087,127.14. Following the completion of the transaction, the executive vice president now owns 62,854 shares of the company’s stock, valued at approximately $6,427,450.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
NYSE ALL traded down $1.79 on Friday, reaching $101.41. 1,294,731 shares of the stock traded hands, compared to its average volume of 1,348,842. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $101.67. The company has a market cap of $34.36 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 1.40 and a beta of 0.81. Allstate Corp has a 12 month low of $77.00 and a 12 month high of $107.43.
Allstate (NYSE:ALL) last issued its earnings results on Wednesday, May 1st. The insurance provider reported $2.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.02. The business had revenue of $8.70 billion during the quarter, compared to analyst estimates of $8.82 billion. Allstate had a return on equity of 12.66% and a net margin of 6.26%. Allstate’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.96 EPS. Equities analysts anticipate that Allstate Corp will post 8.87 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Cerebellum GP LLC purchased a new position in Allstate during the 2nd quarter worth $357,000. Davy Asset Management Ltd purchased a new position in Allstate during the 2nd quarter worth $1,520,000. FDx Advisors Inc. grew its stake in Allstate by 3.6% during the 2nd quarter. FDx Advisors Inc. now owns 7,920 shares of the insurance provider’s stock worth $805,000 after buying an additional 275 shares during the last quarter. Focused Wealth Management Inc purchased a new position in Allstate during the 2nd quarter worth $198,000. Finally, Bessemer Group Inc. grew its stake in Allstate by 28.1% during the 2nd quarter. Bessemer Group Inc. now owns 88,952 shares of the insurance provider’s stock worth $9,046,000 after buying an additional 19,495 shares during the last quarter. 77.40% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on ALL. Goldman Sachs Group upgraded Koninklijke KPN from a “neutral” rating to a “buy” rating in a report on Wednesday, May 29th. UBS Group reiterated a “buy” rating and issued a $25.00 target price on shares of Infineon Technologies in a report on Tuesday, May 7th. Morgan Stanley lifted their target price on Blackstone Group from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday. Zacks Investment Research lowered KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Finally, Credit Suisse Group assumed coverage on Merck & Co., Inc. in a research note on Thursday, July 11th. They set a “buy” rating and a $95.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Allstate currently has a consensus rating of “Hold” and an average price target of $105.42.
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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