Sheaff Brock Investment Advisors LLC Has $2.34 Million Holdings in The Allstate Co. (NYSE:ALL)

15 Nov 2024, 09:46 by Teresa Graham · The Cerbat Gem

Sheaff Brock Investment Advisors LLC decreased its position in shares of The Allstate Co. (NYSE:ALL – Free Report) by 5.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,316 shares of the insurance provider’s stock after selling 700 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Allstate were worth $2,336,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in shares of Allstate in the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Allstate during the 3rd quarter worth approximately $29,000. Versant Capital Management Inc lifted its position in shares of Allstate by 70.9% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after buying an additional 78 shares during the period. Family Firm Inc. bought a new position in shares of Allstate during the 2nd quarter worth approximately $38,000. Finally, MCF Advisors LLC lifted its position in shares of Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after buying an additional 84 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday. Barclays lifted their target price on Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Piper Sandler lifted their target price on Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. UBS Group lifted their price objective on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, TD Cowen lifted their price objective on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and an average target price of $214.19.

Check Out Our Latest Research Report on ALL

Allstate Stock Performance

Shares of NYSE:ALL opened at $195.78 on Friday. The company has a market cap of $51.84 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.75 and a beta of 0.48. The company has a 50-day moving average price of $189.58 and a 200-day moving average price of $176.40. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The Allstate Co. has a 12 month low of $130.77 and a 12 month high of $201.00.

Allstate (NYSE:ALL – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. The company had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Allstate’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 earnings per share. As a group, equities analysts anticipate that The Allstate Co. will post 16.07 EPS for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.88%. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

Insiders Place Their Bets

In related news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction on Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the transaction, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. The trade was a 57.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the completion of the sale, the executive vice president now owns 4,873 shares in the company, valued at approximately $877,968.41. The trade was a 77.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,049 shares of company stock valued at $26,106,112. Company insiders own 1.80% of the company’s stock.

Allstate Company Profile

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