CreativeOne Wealth LLC Acquires 677 Shares of The Allstate Co. (NYSE:ALL)

CreativeOne Wealth LLC lifted its position in The Allstate Co. (NYSE:ALL) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,113 shares of the insurance provider’s stock after buying an additional 677 shares during the period. CreativeOne Wealth LLC’s holdings in Allstate were worth $1,057,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SageView Advisory Group LLC purchased a new position in shares of Allstate in the 4th quarter worth approximately $456,000. Rafferty Asset Management LLC grew its position in shares of Allstate by 5.7% in the 4th quarter. Rafferty Asset Management LLC now owns 92,753 shares of the insurance provider’s stock worth $12,984,000 after buying an additional 4,987 shares during the last quarter. Ellsworth Advisors LLC purchased a new position in shares of Allstate in the 4th quarter worth approximately $4,312,000. SteelPeak Wealth LLC grew its position in shares of Allstate by 175.2% in the 4th quarter. SteelPeak Wealth LLC now owns 15,682 shares of the insurance provider’s stock worth $2,209,000 after buying an additional 9,984 shares during the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of Allstate in the 4th quarter worth approximately $5,927,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of ALL traded up $3.77 during trading hours on Friday, hitting $169.17. The stock had a trading volume of 1,913,727 shares, compared to its average volume of 1,331,798. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a 50-day moving average price of $163.94 and a 200 day moving average price of $163.37. The Allstate Co. has a fifty-two week low of $104.29 and a fifty-two week high of $179.93. The firm has a market capitalization of $44.65 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 1.73 and a beta of 0.48.

Allstate (NYSE:ALL) last posted its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $12.76 billion. During the same period in the previous year, the business posted ($1.30) EPS. The business’s revenue was up 10.7% compared to the same quarter last year. As a group, research analysts anticipate that The Allstate Co. will post 13.64 EPS for the current year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio is presently 81.24%.

Wall Street Analysts Forecast Growth

ALL has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $194.00 target price on shares of Allstate in a research report on Friday, July 5th. Piper Sandler boosted their target price on shares of Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. BMO Capital Markets raised shares of Allstate from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $190.00 to $191.00 in a research report on Thursday, July 18th. Wells Fargo & Company boosted their target price on shares of Allstate from $146.00 to $153.00 and gave the stock an “underweight” rating in a research report on Friday, May 10th. Finally, Morgan Stanley dropped their target price on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and an average target price of $178.06.

Insiders Place Their Bets

In other Allstate news, insider Suren Gupta sold 45,775 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the completion of the transaction, the insider now directly owns 89,930 shares in the company, valued at $15,942,790.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is currently owned by company insiders.

About Allstate

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.