Tulsa Wealth Advisors INC Purchases Shares of 9,342 The Allstate Corporation $ALL

Tulsa Wealth Advisors INC purchased a new stake in The Allstate Corporation (NYSE:ALL) during the fourth quarter, Holdings Channel reports. The firm purchased 9,342 shares of the insurance provider’s stock, valued at approximately $1,945,000.

Several other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Allstate during the fourth quarter valued at approximately $531,294,000. GQG Partners LLC grew its holdings in Allstate by 36.0% in the fourth quarter. GQG Partners LLC now owns 5,488,560 shares of the insurance provider’s stock worth $1,142,449,000 after purchasing an additional 1,452,993 shares during the last quarter. Franklin Resources Inc. grew its holdings in Allstate by 29.2% in the fourth quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock worth $1,042,321,000 after purchasing an additional 1,131,172 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Allstate by 1,766.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 869,139 shares of the insurance provider’s stock worth $180,911,000 after purchasing an additional 822,583 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in shares of Allstate during the third quarter worth $148,641,000. Institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Piper Sandler restated an “overweight” rating on shares of Allstate in a research note on Thursday, May 28th. Weiss Ratings raised Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, March 23rd. Citigroup increased their price target on Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Wall Street Zen downgraded Allstate from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research lowered Allstate from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and a consensus price target of $240.33.

Allstate Trading Down 0.2%

NYSE:ALL opened at $220.72 on Friday. The company has a market capitalization of $56.82 billion, a P/E ratio of 4.87, a PEG ratio of 0.40 and a beta of 0.18. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $227.62. The firm has a fifty day simple moving average of $215.95 and a 200-day simple moving average of $209.23.

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

Allstate Announces Dividend

The company 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 $1.08 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.0%. Allstate’s dividend payout ratio is currently 9.53%.

Insider Transactions at Allstate

In related news, Director Andrea Redmond sold 2,225 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $202.91, for a total value of $451,474.75. Following the sale, the director owned 2,225 shares in the company, valued at $451,474.75. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 approximately $17,991,267.60. This trade represents a 18.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 22,353 shares of company stock worth $4,851,560 over the last three months. 1.55% of the stock is currently owned by insiders.

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.