Key Points
- Insider sale: On Jan. 7, Allstate insider Suren Gupta sold 19,593 shares at about $210 each for $4.11M, cutting his stake by 16.3% to 100,646 shares, after several additional sales in November.
- Strong fundamentals but mixed signals: Allstate reported a blowout quarter (EPS $11.17 vs. $5.48 consensus) and revenue beat, trades near $211 with a P/E of 6.8 and $55.2B market cap, pays a $1.00 quarterly dividend (1.9% yield), and carries an average analyst price target of ~$236 ("Moderate Buy").
The Allstate Corporation (NYSE:ALL - Get Free Report) insider Suren Gupta sold 19,593 shares of the firm's stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the transaction, the insider owned 100,646 shares in the company, valued at $21,135,660. This trade represents a 16.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Suren Gupta also recently made the following trade(s):
- On Friday, November 28th, Suren Gupta sold 3,786 shares of Allstate stock. The stock was sold at an average price of $215.13, for a total transaction of $814,482.18.
- On Wednesday, November 26th, Suren Gupta sold 750 shares of Allstate stock. The shares were sold at an average price of $215.01, for a total transaction of $161,257.50.
- On Monday, November 24th, Suren Gupta sold 600 shares of Allstate stock. The stock was sold at an average price of $215.02, for a total transaction of $129,012.00.
- On Friday, November 21st, Suren Gupta sold 21,871 shares of Allstate stock. The stock was sold at an average price of $215.21, for a total transaction of $4,706,857.91.
- On Monday, November 17th, Suren Gupta sold 400 shares of Allstate stock. The shares were sold at an average price of $215.22, for a total value of $86,088.00.
- On Friday, November 14th, Suren Gupta sold 1,400 shares of Allstate stock. The shares were sold at an average price of $215.02, for a total value of $301,028.00.
Allstate Stock Up 1.8%
Shares of Allstate stock opened at $210.92 on Friday. The stock has a market capitalization of $55.19 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 0.46 and a beta of 0.24. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $215.89. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.32. The business's 50 day simple moving average is $206.93 and its 200-day simple moving average is $203.17.
Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, topping analysts' consensus estimates of $5.48 by $5.69. Allstate had a return on equity of 35.42% and a net margin of 12.53%.The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the prior year, the business earned $3.91 EPS. The firm's revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current year.
Allstate Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, December 1st. Allstate's dividend payout ratio (DPR) is 12.95%.
Analyst Upgrades and Downgrades
ALL has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Allstate from $202.00 to $216.00 and gave the stock an "equal weight" rating in a research report on Friday, November 7th. Roth Capital increased their price objective on Allstate from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Wednesday, November 26th. BMO Capital Markets raised their target price on Allstate from $235.00 to $244.00 and gave the company an "outperform" rating in a research report on Friday, November 7th. Wall Street Zen downgraded Allstate from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 8th. Finally, Evercore ISI set a $225.00 price target on Allstate in a research note on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Allstate has an average rating of "Moderate Buy" and an average price target of $236.00.
View Our Latest Stock Report on Allstate
Hedge Funds Weigh In On Allstate
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arlington Trust Co LLC raised its stake in shares of Allstate by 261.8% in the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider's stock worth $25,000 after buying an additional 89 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Allstate by 79.7% in the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider's stock worth $27,000 after acquiring an additional 55 shares in the last quarter. Barnes Dennig Private Wealth Management LLC raised its position in Allstate by 112.3% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider's stock worth $30,000 after acquiring an additional 73 shares in the last quarter. Clearstead Trust LLC lifted its holdings in Allstate by 3,800.0% in the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 152 shares during the last quarter. Finally, Palisade Asset Management LLC bought a new position in shares of Allstate during the 3rd quarter valued at about $31,000. 76.47% of the stock is owned by institutional investors.
About Allstate
(
Get Free Report)
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.
Further Reading

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