J.P. Morgan Private Wealth Advisors LLC Has $5.63 Million Stock Position in The Allstate Co. (NYSE:ALL)

J.P. Morgan Private Wealth Advisors LLC lowered its stake in shares of The Allstate Co. (NYSE:ALLFree Report) by 3.5% during the third quarter, HoldingsChannel reports. The fund owned 50,570 shares of the insurance provider’s stock after selling 1,814 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in Allstate were worth $5,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Allstate by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 24,850,782 shares of the insurance provider’s stock worth $3,442,082,000 after buying an additional 745,096 shares in the last quarter. BlackRock Inc. lifted its position in Allstate by 0.8% during the 2nd quarter. BlackRock Inc. now owns 22,294,372 shares of the insurance provider’s stock worth $2,430,978,000 after buying an additional 181,050 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Allstate by 9.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,039,351 shares of the insurance provider’s stock worth $669,221,000 after buying an additional 499,056 shares in the last quarter. Geode Capital Management LLC lifted its position in Allstate by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 5,815,257 shares of the insurance provider’s stock worth $643,015,000 after buying an additional 63,438 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Allstate by 4.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,754,667 shares of the insurance provider’s stock worth $627,489,000 after buying an additional 223,780 shares in the last quarter. Institutional investors own 77.23% of the company’s stock.

Allstate Stock Performance

Shares of NYSE:ALL opened at $157.35 on Wednesday. The company has a market capitalization of $41.18 billion, a price-to-earnings ratio of -19.84, a P/E/G ratio of 1.79 and a beta of 0.52. The firm’s 50 day simple moving average is $146.33 and its 200 day simple moving average is $127.42. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.35 and a quick ratio of 0.35. The Allstate Co. has a fifty-two week low of $100.57 and a fifty-two week high of $159.60.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 2.26%. Allstate’s dividend payout ratio (DPR) is currently -44.89%.

Insiders Place Their Bets

In other news, EVP Mark Q. Prindiville sold 10,951 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $135.43, for a total transaction of $1,483,093.93. Following the completion of the transaction, the executive vice president now directly owns 18,677 shares of the company’s stock, valued at approximately $2,529,426.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO John C. Pintozzi sold 4,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $134.79, for a total value of $539,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 13,711 shares of the company’s stock, valued at $1,848,105.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Q. Prindiville sold 10,951 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $135.43, for a total transaction of $1,483,093.93. Following the completion of the transaction, the executive vice president now directly owns 18,677 shares of the company’s stock, valued at $2,529,426.11. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Raymond James upped their price target on shares of Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. Piper Sandler boosted their price objective on Allstate from $137.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, November 3rd. The Goldman Sachs Group upped their target price on shares of Allstate from $141.00 to $164.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Morgan Stanley upgraded shares of Allstate from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $117.00 to $171.00 in a research report on Thursday, January 4th. Finally, Jefferies Financial Group upgraded shares of Allstate from a “hold” rating to a “buy” rating and upped their target price for the company from $130.00 to $180.00 in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and an average target price of $152.94.

Read Our Latest Stock Analysis on ALL

Allstate Company Profile

(Free Report)

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products under the Allstate and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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