2 weeks Ago By ABMN Staff
The Allstate Co. ( NYSE:ALL – Get Free Report ) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 1,930,000 shares, a decrease of 7.
2% from the August 31st total of 2,080,000 shares. Approximately 0.7% of the shares of the company are short sold.
Based on an average daily volume of 1,510,000 shares, the short-interest ratio is presently 1.3 days. Insiders Place Their Bets In other Allstate news, insider Suren Gupta sold 45,775 shares of the 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 sale, the insider now directly owns 89,930 shares of the company’s stock, valued at $15,942,790.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
In other news, insider Suren Gupta sold 45,775 shares of the company’s stock in a transaction dated 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 owns 89,930 shares in the company, valued at $15,942,790.40.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction dated Wednesday, August 21st.
The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00.
Following the transaction, the chief executive officer now owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The disclosure for this sale can be found here .
Over the last three months, insiders have sold 238,305 shares of company stock valued at $43,082,657. Company insiders own 1.80% of the company’s stock.
Institutional Investors Weigh In On Allstate Hedge funds and other institutional investors have recently modified their holdings of the stock. Rise Advisors LLC acquired a new stake in shares of Allstate in the first quarter worth $26,000. Northwest Investment Counselors LLC bought a new position in Allstate in the first quarter worth $26,000.
Versant Capital Management Inc lifted its position in Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 78 shares during the period.
Family Firm Inc. bought a new position in Allstate in the second quarter worth $38,000. Finally, MCF Advisors LLC lifted its position in Allstate by 33.
9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 76.
47% of the company’s stock. Wall Street Analysts Forecast Growth Read Our Latest Stock Analysis on ALL Allstate Stock Up 0.6 % Shares of NYSE ALL traded up $1.
07 during mid-day trading on Tuesday, reaching $190.72. The company had a trading volume of 416,326 shares, compared to its average volume of 1,553,782.
The stock has a fifty day moving average of $181.62 and a two-hundred day moving average of $171.69.
The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.
36. The company has a market capitalization of $50.33 billion, a price-to-earnings ratio of 41.
87, a PEG ratio of 1.81 and a beta of 0.48.
Allstate has a 12-month low of $109.01 and a 12-month high of $193.97.
Allstate ( NYSE:ALL – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.
33 by $1.28. The business had revenue of $15.
71 billion during the quarter, compared to analyst estimates of $14.04 billion. Allstate had a net margin of 5.
03% and a return on equity of 24.05%. The firm’s revenue was up 12.
4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($4.42) earnings per share.
As a group, equities research analysts expect that Allstate will post 15.2 EPS for the current year. Allstate Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st.
Stockholders of record on Friday, August 30th will be paid a $0.92 dividend. The ex-dividend date of this dividend is Friday, August 30th.
This represents a $3.68 annualized dividend and a dividend yield of 1.93%.
Allstate’s payout ratio is 81.24%. Allstate Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter .
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