Los Angeles Capital Management LLC Acquires 201,230 Shares of The Allstate Corporation $ALL

Los Angeles Capital Management LLC increased its holdings in The Allstate Corporation (NYSE:ALL) by 45.2% in the 4th quarter, Holdings Channel reports. The fund owned 646,437 shares of the insurance provider’s stock after buying an additional 201,230 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Allstate were worth $124,038,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. South Plains Financial Inc. increased its stake in shares of Allstate by 41.5% in the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 49 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Allstate by 0.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 7,809 shares of the insurance provider’s stock worth $1,625,000 after acquiring an additional 50 shares in the last quarter. Humankind Investments LLC increased its stake in shares of Allstate by 4.5% in the 3rd quarter. Humankind Investments LLC now owns 1,191 shares of the insurance provider’s stock worth $256,000 after acquiring an additional 51 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Allstate by 0.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider’s stock worth $1,210,000 after acquiring an additional 52 shares in the last quarter. Finally, Montag A & Associates Inc. increased its stake in shares of Allstate by 10.2% in the 4th quarter. Montag A & Associates Inc. now owns 596 shares of the insurance provider’s stock worth $125,000 after acquiring an additional 55 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Insider Transactions at Allstate

In other news, insider Mark Q. Prindiville sold 1,550 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $216.27, for a total value of $335,218.50. Following the transaction, the insider owned 27,558 shares in the company, valued at $5,959,968.66. This represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mario Rizzo sold 18,578 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the completion of the transaction, the chief operating officer owned 82,227 shares in the company, valued at $17,991,267.60. This trade represents a 18.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,353 shares of company stock worth $4,851,560 in the last quarter. Company insiders own 1.55% of the company’s stock.

Allstate Stock Performance

Shares of NYSE ALL opened at $220.98 on Friday. The firm’s 50-day moving average price is $213.31 and its 200-day moving average price is $208.65. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The company has a market cap of $56.88 billion, a PE ratio of 4.87, a PEG ratio of 0.40 and a beta of 0.18. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $227.62.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. The firm had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.53 EPS. As a group, analysts anticipate that The Allstate Corporation will post 29.43 EPS for the current year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, June 1st. Allstate’s dividend payout ratio is 9.53%.

Analyst Upgrades and Downgrades

Several analysts recently commented on ALL shares. Wall Street Zen downgraded shares of Allstate from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $260.00 to $266.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, March 23rd. Piper Sandler reissued an “overweight” rating on shares of Allstate in a research report on Thursday, May 28th. Finally, Zacks Research downgraded shares of Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $241.67.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.