The Allstate Co. (NYSE:ALL) Shares Acquired by Commerce Bank

Commerce Bank raised its position in The Allstate Co. (NYSE:ALL - Free Report) by 24.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,925 shares of the insurance provider's stock after acquiring an additional 10,453 shares during the quarter. Commerce Bank's holdings in Allstate were worth $10,227,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in Allstate in the 3rd quarter worth $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate in the third quarter worth about $29,000. Versant Capital Management Inc boosted its holdings in Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider's stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. Family Firm Inc. acquired a new stake in Allstate during the 2nd quarter valued at approximately $38,000. Finally, MCF Advisors LLC increased its holdings in Allstate by 33.9% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 76.47% of the company's stock.

Insider Activity

In related news, insider John E. Dugenske sold 36,367 shares of the firm's 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 completion of the transaction, the insider now owns 27,364 shares of the company's stock, valued at $5,236,922.32. This trade represents a 57.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.80% of the company's stock.

Allstate Stock Performance

ALL opened at $197.29 on Thursday. The Allstate Co. has a twelve month low of $134.17 and a twelve month high of $201.00. The stock has a market cap of $52.24 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.75 and a beta of 0.48. The business's 50 day moving average is $190.76 and its 200-day moving average is $177.36. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

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

Allstate Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently commented on ALL. JPMorgan Chase & Co. increased their target price on Allstate from $205.00 to $207.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. UBS Group increased their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, November 4th. BMO Capital Markets boosted their target price on shares of Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Bank of America increased their price target on shares of Allstate from $216.00 to $233.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods boosted their price objective on Allstate from $222.00 to $225.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.