Chris Bulman Inc Purchases Shares of 4,166 The Allstate Co. (NYSE:ALL)

Chris Bulman Inc purchased a new stake in The Allstate Co. (NYSE:ALL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,166 shares of the insurance provider’s stock, valued at approximately $665,000.

Other hedge funds also recently added to or reduced their stakes in the company. SageView Advisory Group LLC acquired a new stake in Allstate in the fourth quarter valued at approximately $456,000. Rafferty Asset Management LLC grew its stake in Allstate by 5.7% in the 4th quarter. Rafferty Asset Management LLC now owns 92,753 shares of the insurance provider’s stock valued at $12,984,000 after acquiring an additional 4,987 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in Allstate in the 4th quarter worth $5,927,000. BDF Gestion acquired a new position in Allstate during the second quarter worth $3,051,000. Finally, Mizuho Markets Americas LLC acquired a new position in Allstate during the fourth quarter worth $52,042,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ALL has been the subject of a number of research analyst reports. Bank of America upped their price objective on shares of Allstate from $213.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Barclays started coverage on shares of Allstate in a research report on Wednesday. They issued an “underweight” rating and a $175.00 target price for the company. TD Cowen increased their target price on shares of Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. increased their target price on shares of Allstate from $193.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, Roth Mkm reiterated a “buy” rating and issued a $200.00 target price on shares of Allstate in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.76.

Insider Buying and Selling

In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, the chief executive officer now directly owns 88,552 shares in the company, valued at approximately $15,880,915.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Suren Gupta sold 45,775 shares of Allstate stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the sale, the insider now directly owns 89,930 shares of the company’s stock, valued at $15,942,790.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total value of $16,140,600.00. Following the sale, the chief executive officer now directly owns 88,552 shares in the company, valued at $15,880,915.68. The disclosure for this sale can be found here. Insiders have sold 201,938 shares of company stock worth $36,122,740 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Allstate Price Performance

Shares of NYSE ALL opened at $185.36 on Friday. The stock’s 50-day simple moving average is $173.77 and its 200-day simple moving average is $168.18. The firm has a market capitalization of $48.92 billion, a PE ratio of 40.92, a price-to-earnings-growth ratio of 1.78 and a beta of 0.48. The Allstate Co. has a fifty-two week low of $105.85 and a fifty-two week high of $191.33. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $1.28. The firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.04 billion. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($4.42) EPS. As a group, equities research analysts forecast that The Allstate Co. will post 15.14 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be given a $0.92 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $3.68 annualized dividend and a dividend yield of 1.99%. Allstate’s dividend payout ratio is presently 81.24%.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.