Sustainable Insight Capital Management LLC Has $3.76 Million Holdings in The Allstate Corporation $ALL

Sustainable Insight Capital Management LLC lessened its holdings in The Allstate Corporation (NYSE:ALL) by 11.3% in the 4th quarter, Holdings Channel reports. The firm owned 18,084 shares of the insurance provider’s stock after selling 2,300 shares during the quarter. Allstate accounts for 1.3% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 25th biggest holding. Sustainable Insight Capital Management LLC’s holdings in Allstate were worth $3,764,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC raised its holdings in Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after acquiring an additional 2,443 shares during the period. Revolve Wealth Partners LLC bought a new position in Allstate in the 4th quarter worth $231,000. WINTON GROUP Ltd bought a new position in Allstate in the 2nd quarter worth $210,000. Treasurer of the State of North Carolina raised its holdings in Allstate by 2.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider’s stock worth $24,816,000 after acquiring an additional 3,051 shares during the period. Finally, Ieq Capital LLC raised its holdings in Allstate by 20.1% in the 2nd quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider’s stock worth $7,713,000 after acquiring an additional 6,412 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ALL shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $231.00 target price on shares of Allstate in a report on Thursday, March 5th. Wells Fargo & Company lifted their target price on shares of Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Allstate from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Piper Sandler reiterated an “overweight” rating on shares of Allstate in a report on Thursday, May 28th. Finally, Barclays lifted their target price on shares of Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a report on Wednesday, April 8th. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $240.33.

Insider Transactions at Allstate

In other news, COO Mario Rizzo sold 18,578 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the transaction, the chief operating officer owned 82,227 shares in the company, valued at approximately $17,991,267.60. The trade was a 18.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Q. Prindiville sold 1,550 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $216.27, for a total transaction of $335,218.50. Following the completion of the sale, the insider directly owned 27,558 shares in the company, valued at approximately $5,959,968.66. The trade was a 5.32% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 22,353 shares of company stock worth $4,851,560. 1.55% of the stock is currently owned by company insiders.

Allstate Stock Performance

NYSE:ALL opened at $219.75 on Friday. The firm’s 50-day moving average is $214.33 and its 200-day moving average is $208.85. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $227.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market cap of $56.57 billion, a price-to-earnings ratio of 4.85, a PEG ratio of 0.40 and a beta of 0.18.

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

Allstate Dividend Announcement

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

Allstate 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.