The Allstate Co. (NYSE:ALL) Shares Purchased by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. increased its holdings in shares of The Allstate Co. (NYSE:ALL) by 6.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,634 shares of the insurance provider’s stock after buying an additional 270 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Allstate were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Bank of New York Mellon Corp grew its position in Allstate by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 5,112,468 shares of the insurance provider’s stock valued at $884,508,000 after acquiring an additional 90,390 shares during the period. Norges Bank acquired a new position in shares of Allstate in the 4th quarter valued at about $212,771,000. Dimensional Fund Advisors LP grew its holdings in shares of Allstate by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider’s stock worth $229,545,000 after purchasing an additional 47,038 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Allstate by 1.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 818,489 shares of the insurance provider’s stock worth $130,680,000 after purchasing an additional 8,454 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Allstate by 11.8% in the first quarter. Russell Investments Group Ltd. now owns 716,757 shares of the insurance provider’s stock valued at $123,574,000 after buying an additional 75,698 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Trading Up 1.2 %

NYSE ALL opened at $188.30 on Monday. The company’s fifty day moving average price is $176.43 and its two-hundred day moving average price is $169.17. The company has a market capitalization of $49.72 billion, a price-to-earnings ratio of 41.57, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. The Allstate Co. has a 12 month low of $108.16 and a 12 month high of $191.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, topping the consensus estimate of $0.33 by $1.28. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company posted ($4.42) earnings per share. As a group, research analysts predict that The Allstate Co. will post 15.16 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, August 30th. Allstate’s dividend payout ratio is presently 81.24%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ALL. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Piper Sandler increased their price target on Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Barclays started coverage on Allstate in a research report on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 price objective on the stock. The Goldman Sachs Group upped their target price on Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Finally, TD Cowen raised their target price on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Insider Buying and Selling at Allstate

In other news, CEO Thomas J. Wilson sold 90,000 shares of the firm’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 at this link. In other news, EVP Elizabeth Brady sold 49,481 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the completion of the transaction, the executive vice president now directly owns 19,163 shares of the company’s stock, valued at $3,431,901.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction that occurred on 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 owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The disclosure for this sale can be found here. Insiders sold a total of 201,938 shares of company stock worth $36,122,740 over the last 90 days. Insiders own 1.80% of the company’s stock.

Allstate Company Profile

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.