FSA Advisors Inc. Makes New $511,000 Investment in The Allstate Corporation $ALL

FSA Advisors Inc. purchased a new stake in The Allstate Corporation (NYSE:ALL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,147 shares of the insurance provider’s stock, valued at approximately $511,000.

Several other large investors have also recently modified their holdings of ALL. Gables Capital Management Inc. acquired a new position in shares of Allstate during the second quarter worth $26,000. Allied Private Wealth LLC acquired a new stake in Allstate in the second quarter valued at $29,000. Kelleher Financial Advisors bought a new position in Allstate during the 2nd quarter worth $28,000. MV Capital Management Inc. bought a new position in Allstate during the 4th quarter worth $25,000. Finally, Navalign LLC acquired a new position in Allstate during the 4th quarter worth about $27,000. Institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Zacks Research upgraded Allstate from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Evercore set a $240.00 price objective on Allstate in a research report on Friday, July 10th. HSBC lowered Allstate from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $244.00 to $264.00 in a research note on Monday, July 6th. Cantor Fitzgerald upped their target price on Allstate from $236.00 to $242.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Roth Capital set a $300.00 target price on shares of Allstate in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Allstate presently has an average rating of “Hold” and an average target price of $265.26.

Allstate Price Performance

Shares of ALL opened at $257.24 on Friday. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $277.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36. The business’s 50 day moving average price is $253.33 and its two-hundred day moving average price is $226.56. The firm has a market cap of $65.05 billion, a PE ratio of 5.14, a price-to-earnings-growth ratio of 0.40 and a beta of 0.16.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.06 by $2.93. The firm had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $15.46 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $5.94 EPS. On average, equities analysts anticipate that The Allstate Corporation will post 34.45 EPS for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.32 annualized dividend and a yield of 1.7%. Allstate’s dividend payout ratio is currently 8.63%.

Insiders Place Their Bets

In other news, Director Andrea Redmond sold 2,225 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $202.91, for a total transaction of $451,474.75. Following the transaction, the director owned 2,225 shares of the company’s stock, valued at $451,474.75. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John E. Dugenske sold 32,996 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $269.33, for a total value of $8,886,812.68. Following the completion of the sale, the insider owned 13,054 shares of the company’s stock, valued at approximately $3,515,833.82. This represents a 71.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 91,446 shares of company stock worth $24,208,675. 1.55% of the stock is currently owned by company insiders.

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.