The Allstate Co. (NYSE:ALL) Shares Bought by Hancock Whitney Corp

Hancock Whitney Corp lifted its stake in shares of The Allstate Co. (NYSE:ALL) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,849 shares of the insurance provider’s stock after purchasing an additional 347 shares during the quarter. Hancock Whitney Corp’s holdings in Allstate were worth $3,434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ALL. Alethea Capital Management LLC acquired a new stake in Allstate during the 1st quarter worth about $578,000. Tidal Investments LLC raised its holdings in Allstate by 35.4% during the 1st quarter. Tidal Investments LLC now owns 27,999 shares of the insurance provider’s stock worth $4,844,000 after buying an additional 7,324 shares during the period. Levin Capital Strategies L.P. acquired a new stake in Allstate during the 1st quarter worth about $225,000. B. Riley Wealth Advisors Inc. raised its holdings in Allstate by 28.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,945 shares of the insurance provider’s stock worth $683,000 after buying an additional 873 shares during the period. Finally, Sweeney & Michel LLC acquired a new stake in Allstate during the 1st quarter worth about $254,000. 76.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Morgan Stanley lowered their price target on Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Roth Mkm raised their target price on Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Wells Fargo & Company raised their target price on Allstate from $146.00 to $153.00 and gave the stock an “underweight” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. raised their target price on Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, The Goldman Sachs Group lifted their price objective on Allstate from $197.00 to $199.00 and gave the company a “buy” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $183.24.

Insider Buying and Selling at Allstate

In other Allstate news, insider Suren Gupta sold 45,775 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

Allstate Trading Up 2.1 %

Shares of Allstate stock traded up $3.60 during trading on Thursday, hitting $174.72. 1,387,701 shares of the company were exchanged, compared to its average volume of 1,563,619. The firm has a market capitalization of $46.11 billion, a P/E ratio of 37.78, a price-to-earnings-growth ratio of 1.82 and a beta of 0.48. The Allstate Co. has a 1-year low of $104.29 and a 1-year high of $180.87. The firm’s fifty day moving average price is $164.17 and its 200 day moving average price is $163.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $0.33 by $1.28. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.04 billion. During the same quarter in the previous year, the business posted ($4.42) EPS. Allstate’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, sell-side analysts expect that The Allstate Co. will post 13.64 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. Stockholders of record on Friday, August 30th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio (DPR) 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.