Barclays PLC Has $159.38 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Barclays PLC cut its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 16.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 840,381 shares of the insurance provider's stock after selling 169,044 shares during the period. Barclays PLC owned about 0.32% of Allstate worth $159,377,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ALL. LRI Investments LLC lifted its holdings in Allstate by 334.8% during the 3rd quarter. LRI Investments LLC now owns 17,388 shares of the insurance provider's stock valued at $3,298,000 after buying an additional 13,389 shares in the last quarter. PYA Waltman Capital LLC grew its position in shares of Allstate by 3.5% during the 3rd quarter. PYA Waltman Capital LLC now owns 15,238 shares of the insurance provider's stock worth $2,890,000 after buying an additional 520 shares in the last quarter. SGL Investment Advisors Inc. purchased a new position in shares of Allstate during the third quarter valued at $545,000. EWA LLC bought a new stake in shares of Allstate in the third quarter valued at about $242,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Allstate by 25.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 94,174 shares of the insurance provider's stock worth $17,860,000 after acquiring an additional 19,093 shares during the period. Institutional investors own 76.47% of the company's stock.

Wall Street Analyst Weigh In

ALL has been the topic of a number of recent research reports. BMO Capital Markets increased their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. UBS Group lifted their price target on Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a report on Monday, November 4th. Bank of America upped their price objective on Allstate from $216.00 to $233.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Raymond James lifted their target price on Allstate from $205.00 to $220.00 and gave the company a "strong-buy" rating in a research note on Friday, October 4th. Finally, The Goldman Sachs Group boosted their price objective on shares of Allstate from $209.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Allstate currently has a consensus rating of "Moderate Buy" and an average price target of $217.19.

Insider Buying and Selling at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the transaction, the insider now directly owns 27,364 shares of the company's stock, valued at $5,236,922.32. The trade was a 57.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by company insiders.

Allstate Trading Down 0.9 %

ALL traded down $1.84 on Wednesday, reaching $193.22. 1,541,433 shares of the company's stock were exchanged, compared to its average volume of 1,551,107. The Allstate Co. has a twelve month low of $134.17 and a twelve month high of $209.88. The company's 50 day moving average is $194.69 and its 200-day moving average is $180.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $51.16 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.79 and a beta of 0.50.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion for the quarter, compared to analysts' expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm's quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. Equities analysts predict that The Allstate Co. will post 16.26 earnings per share for the current year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.90%. Allstate's dividend payout ratio is currently 23.83%.

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.