Planning Solutions Group LLC Acquires Shares of 2,115 Allstate Corp (NYSE:ALL)

Planning Solutions Group LLC acquired a new stake in Allstate Corp (NYSE:ALL) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,115 shares of the insurance provider’s stock, valued at approximately $215,000.

Other large investors have also recently made changes to their positions in the company. Manchester Financial Inc. purchased a new position in shares of Allstate in the 2nd quarter valued at $25,000. Redhawk Wealth Advisors Inc. acquired a new stake in Allstate during the 2nd quarter worth $27,000. Mcmillion Capital Management Inc. acquired a new stake in Allstate during the 2nd quarter worth $35,000. Webster Bank N. A. boosted its stake in Allstate by 100.0% during the 2nd quarter. Webster Bank N. A. now owns 400 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 200 shares during the period. Finally, Glassman Wealth Services boosted its stake in Allstate by 134.7% during the 1st quarter. Glassman Wealth Services now owns 453 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 260 shares during the period. 76.83% of the stock is currently owned by institutional investors.

Shares of ALL stock traded down $0.44 during mid-day trading on Friday, hitting $107.92. The stock had a trading volume of 1,171,022 shares, compared to its average volume of 1,404,235. Allstate Corp has a fifty-two week low of $77.00 and a fifty-two week high of $109.13. The firm has a market cap of $35.67 billion, a PE ratio of 13.37, a PEG ratio of 1.36 and a beta of 0.82. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.28 and a quick ratio of 0.28. The company’s 50-day simple moving average is $104.14 and its 200-day simple moving average is $99.69.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.70. The business had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $8.96 billion. Allstate had a net margin of 6.52% and a return on equity of 12.66%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.00 EPS. On average, analysts expect that Allstate Corp will post 9.53 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.00 annualized dividend and a yield of 1.85%. Allstate’s dividend payout ratio (DPR) is currently 24.78%.

In other Allstate news, EVP Susan L. Lees sold 30,189 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $102.26, for a total transaction of $3,087,127.14. Following the completion of the transaction, the executive vice president now directly owns 62,854 shares in the company, valued at approximately $6,427,450.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mary Jane Fortin sold 9,773 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $104.21, for a total transaction of $1,018,444.33. Following the transaction, the insider now owns 33,808 shares of the company’s stock, valued at $3,523,131.68. The disclosure for this sale can be found here. Insiders have sold a total of 124,611 shares of company stock valued at $12,843,595 over the last 90 days. 1.60% of the stock is currently owned by insiders.

ALL has been the subject of a number of recent research reports. Goldman Sachs Group upgraded shares of Allstate from a “neutral” rating to a “buy” rating and increased their price target for the stock from $106.00 to $110.00 in a research note on Wednesday, May 29th. Barclays set a $125.00 price target on shares of Allstate and gave the stock a “buy” rating in a research note on Monday, August 12th. Raymond James increased their price target on shares of Allstate from $115.00 to $125.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 1st. Credit Suisse Group cut shares of Allstate from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $100.00 to $94.00 in a research note on Thursday, July 11th. Finally, Morgan Stanley increased their price target on shares of Allstate from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $107.92.

Allstate Profile

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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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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