Knights of Columbus Asset Advisors LLC Decreases Stake in The Allstate Corporation $ALL

Knights of Columbus Asset Advisors LLC reduced its stake in The Allstate Corporation (NYSE:ALL) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,505 shares of the insurance provider’s stock after selling 5,676 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Allstate were worth $10,304,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Dorato Capital Management purchased a new position in Allstate in the 4th quarter worth approximately $27,000. Navalign LLC bought a new stake in shares of Allstate in the 4th quarter worth approximately $27,000. Princeton Global Asset Management LLC grew its position in shares of Allstate by 101.3% in the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock worth $31,000 after buying an additional 76 shares during the last quarter. Palisade Asset Management LLC bought a new stake in shares of Allstate in the 3rd quarter worth approximately $31,000. Finally, South Plains Financial Inc. grew its position in shares of Allstate by 41.5% in the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after buying an additional 49 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allstate

In other news, COO Mario Rizzo sold 18,578 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the completion of the transaction, the chief operating officer owned 82,227 shares in the company, valued at $17,991,267.60. The trade was a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.55% of the stock is owned by corporate insiders.

Allstate Stock Down 1.6%

Shares of NYSE:ALL opened at $213.05 on Wednesday. The stock has a fifty day simple moving average of $212.64 and a two-hundred day simple moving average of $208.45. The stock has a market capitalization of $54.84 billion, a price-to-earnings ratio of 4.70, a PEG ratio of 0.39 and a beta of 0.21. The Allstate Corporation has a 12-month low of $188.08 and a 12-month high of $227.62. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. The business had revenue of $16.94 billion during the quarter, compared to analysts’ expectations of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.53 earnings per share. On average, research analysts anticipate that The Allstate Corporation will post 29.28 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed 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 is Monday, June 1st. This represents a $4.32 dividend on an annualized basis and a yield of 2.0%. Allstate’s payout ratio is presently 9.53%.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on Allstate from $260.00 to $266.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Piper Sandler lifted their price target on Allstate from $252.00 to $268.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Barclays lifted their price target on Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a research report on Wednesday, April 8th. Weiss Ratings upgraded Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, March 23rd. Finally, Mizuho dropped 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. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.67.

Allstate Company 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.