First Affirmative Financial Network Sells 144 Shares of The Allstate Co. (NYSE:ALL)

First Affirmative Financial Network lowered its holdings in The Allstate Co. (NYSE:ALL) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,186 shares of the insurance provider’s stock after selling 144 shares during the period. First Affirmative Financial Network’s holdings in Allstate were worth $414,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Abacus Planning Group Inc. lifted its stake in Allstate by 2.4% during the third quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock worth $458,000 after purchasing an additional 56 shares during the last quarter. Premier Path Wealth Partners LLC raised its holdings in shares of Allstate by 2.5% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,457 shares of the insurance provider’s stock valued at $392,000 after buying an additional 61 shares in the last quarter. Aprio Wealth Management LLC lifted its position in Allstate by 5.9% in the 3rd quarter. Aprio Wealth Management LLC now owns 1,360 shares of the insurance provider’s stock worth $258,000 after buying an additional 76 shares during the last quarter. Everpar Advisors LLC boosted its stake in Allstate by 3.3% in the third quarter. Everpar Advisors LLC now owns 2,434 shares of the insurance provider’s stock worth $462,000 after buying an additional 77 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Allstate by 70.9% during the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ALL. Morgan Stanley cut their price objective on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. TD Cowen raised their price objective on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Piper Sandler boosted 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. Jefferies Financial Group raised their price target on Allstate from $217.00 to $231.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Evercore ISI lifted their price target on Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and a consensus target price of $199.24.

Allstate Stock Up 1.3 %

Shares of NYSE:ALL opened at $188.28 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Co. has a 52-week low of $113.04 and a 52-week high of $193.97. The firm has a market capitalization of $49.69 billion, a P/E ratio of 41.56, a P/E/G ratio of 1.74 and a beta of 0.48. The stock has a 50 day moving average price of $184.27 and a 200-day moving average price of $173.04.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, beating the consensus estimate of $0.33 by $1.28. The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.04 billion. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted ($4.42) earnings per share. As a group, equities research analysts anticipate that The Allstate Co. will post 15.19 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, August 30th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Friday, August 30th. Allstate’s payout ratio is currently 81.24%.

Insiders Place Their Bets

In other news, EVP Robert Toohey sold 16,682 shares of Allstate stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the completion of the transaction, the executive vice president now directly owns 4,873 shares in the company, valued at approximately $877,968.41. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Robert Toohey sold 16,682 shares of the firm’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 transaction, the executive vice president now directly owns 4,873 shares in the company, valued at $877,968.41. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $8,114,992.00. Following the completion of the transaction, the insider now directly owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 238,305 shares of company stock worth $43,082,657. 1.80% of the stock is currently owned by company insiders.

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.