Coldstream Capital Management Inc. Has $1.56 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Coldstream Capital Management Inc. boosted its holdings in shares of The Allstate Co. (NYSE:ALL - Free Report) by 138.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,180 shares of the insurance provider's stock after purchasing an additional 4,743 shares during the period. Coldstream Capital Management Inc.'s holdings in Allstate were worth $1,555,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. OFI Invest Asset Management acquired a new stake in shares of Allstate during the 2nd quarter valued at $476,000. Eagle Asset Management Inc. raised its stake in shares of Allstate by 38.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider's stock valued at $2,067,000 after acquiring an additional 2,888 shares in the last quarter. Bank of Montreal Can lifted its holdings in Allstate by 1.7% in the 3rd quarter. Bank of Montreal Can now owns 683,574 shares of the insurance provider's stock worth $128,758,000 after purchasing an additional 11,195 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in Allstate during the third quarter valued at approximately $623,000. Finally, Hsbc Holdings PLC raised its position in shares of Allstate by 3.3% in the second quarter. Hsbc Holdings PLC now owns 1,007,953 shares of the insurance provider's stock valued at $160,948,000 after purchasing an additional 31,789 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ALL shares. Jefferies Financial Group lifted their price objective on Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. BMO Capital Markets increased their price objective on Allstate from $205.00 to $214.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Piper Sandler raised their price objective on shares of Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. StockNews.com cut shares of Allstate from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, August 21st. Finally, Evercore ISI raised their price target on shares of Allstate from $191.00 to $195.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $217.19.

Allstate Trading Down 0.5 %

Shares of ALL traded down $1.00 during trading hours on Thursday, hitting $192.30. 1,113,013 shares of the stock traded hands, compared to its average volume of 1,549,282. The business has a fifty day moving average of $194.75 and a 200-day moving average of $181.01. 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 firm has a market capitalization of $50.92 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 1.79 and a beta of 0.50. The Allstate Co. has a 1-year low of $134.17 and a 1-year high of $209.88.

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

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, November 29th. Allstate's dividend payout ratio (DPR) is currently 23.83%.

Insider Buying and Selling

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the firm's stock in a transaction that occurred on 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 directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 57.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by insiders.

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.