Hancock Whitney Corp Has $11.98 Million Holdings in The Allstate Co. (NYSE:ALL)

Hancock Whitney Corp boosted its holdings in shares of The Allstate Co. (NYSE:ALL) by 278.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,035 shares of the insurance provider’s stock after purchasing an additional 55,186 shares during the period. Hancock Whitney Corp’s holdings in Allstate were worth $11,980,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in shares of Allstate in the first quarter valued at $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate during the 1st quarter worth about $26,000. Versant Capital Management Inc increased its position in Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 78 shares in the last quarter. Family Firm Inc. bought a new position in shares of Allstate in the second quarter worth about $38,000. Finally, MCF Advisors LLC lifted its position in shares of Allstate by 33.9% during 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 in the last quarter. Institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ALL has been the subject of several research analyst reports. Roth Mkm restated a “buy” rating and issued a $200.00 price objective on shares of Allstate in a research report on Wednesday, August 14th. BMO Capital Markets boosted their price target on shares of Allstate from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. StockNews.com downgraded Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. The Goldman Sachs Group lifted their price objective on Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, Morgan Stanley cut their price target 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.

Allstate Price Performance

Shares of NYSE ALL opened at $191.00 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36. The business has a 50-day moving average of $179.42 and a 200-day moving average of $170.17. The stock has a market capitalization of $50.41 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 1.74 and a beta of 0.48. The Allstate Co. has a fifty-two week low of $109.01 and a fifty-two week high of $193.19.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $1.28. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. During the same period last year, the company earned ($4.42) earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. As a group, sell-side analysts predict that The Allstate Co. will post 15.16 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, August 30th. Allstate’s dividend payout ratio (DPR) is currently 81.24%.

Insider Buying and Selling at Allstate

In other news, EVP Elizabeth Brady sold 49,481 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the transaction, the executive vice president now directly owns 19,163 shares in the company, valued at approximately $3,431,901.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Elizabeth Brady sold 49,481 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $179.09, for a total value of $8,861,552.29. Following the completion of the sale, the executive vice president now directly owns 19,163 shares of the company’s stock, valued at $3,431,901.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $180.17, for a total value of $3,005,595.94. Following the transaction, the executive vice president now directly owns 4,873 shares in the company, valued at $877,968.41. The disclosure for this sale can be found here. Insiders sold a total of 201,938 shares of company stock worth $36,122,740 over the last quarter. 1.80% of the stock is currently owned by insiders.

Allstate Profile

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.