Wilsey Asset Management Inc. Has $34.55 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Wilsey Asset Management Inc. lowered its stake in shares of The Allstate Co. (NYSE:ALLFree Report) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 199,703 shares of the insurance provider’s stock after selling 4,469 shares during the quarter. Allstate makes up approximately 7.0% of Wilsey Asset Management Inc.’s portfolio, making the stock its 7th largest holding. Wilsey Asset Management Inc.’s holdings in Allstate were worth $34,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC bought a new position in Allstate during the fourth quarter worth about $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Allstate in the fourth quarter worth about $36,000. Venturi Wealth Management LLC lifted its holdings in shares of Allstate by 152.7% in the fourth quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after buying an additional 168 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Allstate in the fourth quarter worth about $43,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Allstate during the fourth quarter worth approximately $44,000. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 0.8 %

NYSE:ALL traded up $1.25 on Tuesday, reaching $159.99. 1,920,019 shares of the stock traded hands, compared to its average volume of 1,601,871. The company’s fifty day simple moving average is $166.91 and its 200 day simple moving average is $159.06. The Allstate Co. has a 12 month low of $100.57 and a 12 month high of $177.37. The company has a market capitalization of $42.22 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 1.48 and a beta of 0.50. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48.

Allstate (NYSE:ALLGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The firm had revenue of $15.26 billion during the quarter, compared to analyst estimates of $12.76 billion. During the same period in the previous year, the business posted ($1.30) earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts predict that The Allstate Co. will post 15.13 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, May 31st will be paid a $0.92 dividend. The ex-dividend date is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.30%. Allstate’s dividend payout ratio is presently 81.24%.

Analyst Upgrades and Downgrades

ALL has been the subject of several analyst reports. Roth Mkm increased their price target on shares of Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 8th. The Goldman Sachs Group raised their target price on shares of Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Evercore ISI lifted their price target on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. lifted their price target on shares of Allstate from $185.00 to $193.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Finally, HSBC raised shares of Allstate from a “hold” rating to a “buy” rating and lifted their price target for the company from $158.00 to $190.00 in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.59.

Read Our Latest Report on Allstate

Insider Transactions at Allstate

In other news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of the sale, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Allstate Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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