32,255 Shares in The Allstate Co. (NYSE:ALL) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in The Allstate Co. (NYSE:ALL - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 32,255 shares of the insurance provider's stock, valued at approximately $6,117,000.

A number of other institutional investors have also recently made changes to their positions in ALL. Northwest Investment Counselors LLC purchased a new position in shares of Allstate during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Allstate during the 3rd quarter valued at $29,000. Versant Capital Management Inc lifted its position in shares of Allstate by 70.9% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider's stock valued at $30,000 after buying an additional 78 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Allstate during the 2nd quarter valued at $38,000. Finally, MCF Advisors LLC raised its stake in shares of Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider's stock valued at $53,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 76.47% of the company's stock.

Insider Activity

In other news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the sale, the insider now owns 27,364 shares of the company's stock, valued at approximately $5,236,922.32. The trade was a 57.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company's stock.

Allstate Price Performance

Shares of ALL traded up $0.69 during midday trading on Wednesday, reaching $197.29. The stock had a trading volume of 982,843 shares, compared to its average volume of 1,536,156. The company's 50-day moving average is $190.76 and its 200 day moving average is $177.36. The Allstate Co. has a 12-month low of $134.17 and a 12-month high of $201.00. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $52.24 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 1.76 and a beta of 0.48.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The business's revenue was up 14.7% on a year-over-year basis. On average, equities analysts predict that The Allstate Co. will post 16.01 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be given a $0.92 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.87%. Allstate's dividend payout ratio is currently 23.83%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ALL. Barclays boosted their price objective on Allstate from $175.00 to $187.00 and gave the company an "underweight" rating in a research note on Thursday, October 31st. Piper Sandler boosted their price objective on Allstate from $188.00 to $196.00 and gave the company an "overweight" rating in a research note on Friday, August 16th. Jefferies Financial Group boosted their price objective on Allstate from $231.00 to $267.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Roth Mkm reiterated a "buy" rating and set a $200.00 price objective on shares of Allstate in a research note on Wednesday, August 14th. Finally, Evercore ISI boosted their price objective on Allstate from $191.00 to $195.00 and gave the company an "in-line" rating in a research note on Wednesday, October 9th. 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 given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $214.19.

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.