The Allstate Corporation $ALL Position Trimmed by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC trimmed its holdings in shares of The Allstate Corporation (NYSE:ALL) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,084 shares of the insurance provider’s stock after selling 2,300 shares during the period. Allstate comprises approximately 1.3% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 25th biggest position. Sustainable Insight Capital Management LLC’s holdings in Allstate were worth $3,764,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ALL. Norges Bank bought a new stake in Allstate during the fourth quarter worth approximately $531,294,000. Franklin Resources Inc. boosted its holdings in Allstate by 29.2% during the fourth quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock worth $1,042,321,000 after buying an additional 1,131,172 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Allstate by 1,766.9% during 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 buying an additional 822,583 shares in the last quarter. Woodline Partners LP bought a new stake in Allstate during the third quarter worth approximately $148,641,000. Finally, AustralianSuper Pty Ltd boosted its holdings in Allstate by 80.6% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,220,984 shares of the insurance provider’s stock worth $254,148,000 after buying an additional 544,874 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on ALL shares. Wells Fargo & Company raised 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. Piper Sandler restated an “overweight” rating on shares of Allstate in a report on Thursday, May 28th. Barclays raised 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. Wall Street Zen cut shares of Allstate from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings raised shares of Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, March 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.33.

Insider Buying and Selling at Allstate

In other Allstate news, Director Andrea Redmond sold 2,225 shares of Allstate stock in a transaction on Monday, June 1st. The shares were sold at an average price of $202.91, for a total transaction of $451,474.75. Following the completion of the sale, the director owned 2,225 shares of the company’s stock, valued at $451,474.75. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction on 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 sale, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $17,991,267.60. This trade represents a 18.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,353 shares of company stock valued at $4,851,560 in the last quarter. Company insiders own 1.55% of the company’s stock.

Allstate Trading Down 1.6%

Allstate stock opened at $219.75 on Friday. The company has a 50 day moving average price of $214.33 and a 200 day moving average price of $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 firm has a market capitalization of $56.57 billion, a price-to-earnings ratio of 4.85, a P/E/G 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 EPS for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The firm 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 company’s revenue was up 3.0% on a year-over-year basis. Research analysts forecast that The Allstate Corporation will post 29.43 EPS for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $1.08 per share. 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 (DPR) is 9.53%.

About Allstate

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.