Krilogy Financial LLC Purchases 2,859 Shares of The Allstate Corporation $ALL

Krilogy Financial LLC raised its holdings in shares of The Allstate Corporation (NYSE:ALL) by 125.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,138 shares of the insurance provider’s stock after purchasing an additional 2,859 shares during the quarter. Krilogy Financial LLC’s holdings in Allstate were worth $1,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ALL. MV Capital Management Inc. bought a new stake in Allstate during the 4th quarter valued at $25,000. Dorato Capital Management purchased a new stake in shares of Allstate during the fourth quarter worth $27,000. Navalign LLC bought a new position in shares of Allstate in the fourth quarter worth $27,000. Palisade Asset Management LLC purchased a new position in shares of Allstate in the third quarter valued at $31,000. Finally, Princeton Global Asset Management LLC grew its position in shares of Allstate by 101.3% in the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling

In related news, Director Andrea Redmond sold 2,225 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $202.91, for a total value of $451,474.75. Following the sale, the director directly owned 2,225 shares of the company’s stock, valued at $451,474.75. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Q. Prindiville sold 1,550 shares of Allstate stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $216.27, for a total transaction of $335,218.50. Following the sale, the insider owned 27,558 shares of the company’s stock, valued at approximately $5,959,968.66. The trade was a 5.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 22,353 shares of company stock worth $4,851,560. Insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ALL shares. Keefe, Bruyette & Woods cut Allstate from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $266.00 to $242.00 in a report on Monday, June 8th. Zacks Research lowered Allstate from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Mizuho decreased their price target on Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Raymond James Financial reissued a “strong-buy” rating and issued a $260.00 price target on shares of Allstate in a report on Tuesday, March 3rd. Finally, Citigroup raised their price objective on shares of Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $240.33.

Allstate Price Performance

NYSE:ALL opened at $231.74 on Friday. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $237.10. The stock has a fifty day moving average of $217.25 and a 200 day moving average of $209.89. 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 $59.65 billion, a price-to-earnings ratio of 5.11, a P/E/G ratio of 0.41 and a beta of 0.18.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The business had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. During the same period in the prior year, the company earned $3.53 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, research analysts expect that The Allstate Corporation will post 29.75 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, June 1st. Allstate’s dividend payout ratio is 9.53%.

Allstate Profile

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.