Empowered Funds LLC Raises Position in The Allstate Co. (NYSE:ALL)

Empowered Funds LLC boosted its stake in shares of The Allstate Co. (NYSE:ALL - Free Report) by 102.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,371 shares of the insurance provider's stock after acquiring an additional 34,650 shares during the period. Empowered Funds LLC's holdings in Allstate were worth $12,967,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. bought a new stake in Allstate during the first quarter worth about $377,000. HBK Sorce Advisory LLC boosted its position in shares of Allstate by 127.5% during the 1st quarter. HBK Sorce Advisory LLC now owns 3,292 shares of the insurance provider's stock worth $570,000 after acquiring an additional 1,845 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in Allstate by 20.3% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 2,017 shares of the insurance provider's stock valued at $349,000 after acquiring an additional 340 shares during the last quarter. Mizuho Markets Americas LLC raised its position in Allstate by 65.3% during the first quarter. Mizuho Markets Americas LLC now owns 614,723 shares of the insurance provider's stock valued at $106,353,000 after purchasing an additional 242,943 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC bought a new stake in Allstate during the first quarter worth $217,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Thomas J. Wilson sold 90,000 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total value of $16,140,600.00. Following the completion of the sale, the chief executive officer now directly owns 88,552 shares of the company's stock, valued at $15,880,915.68. The trade was a 50.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert Toohey sold 16,682 shares of the company'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 approximately $877,968.41. This trade represents a 77.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,049 shares of company stock worth $26,106,112 in the last quarter. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of research analyst reports. StockNews.com cut Allstate from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 21st. Jefferies Financial Group increased their target price on shares of Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Barclays lifted their price target on shares of Allstate from $175.00 to $187.00 and gave the company an "underweight" rating in a report on Thursday, October 31st. Bank of America increased their price objective on shares of Allstate from $216.00 to $233.00 and gave the company a "buy" rating in a research note on Friday, October 18th. Finally, UBS Group boosted their target price on shares of Allstate from $216.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $214.19.

Allstate Trading Up 0.6 %

ALL stock traded up $1.10 during trading on Friday, hitting $196.88. The company had a trading volume of 1,394,742 shares, compared to its average volume of 1,542,382. The business has a 50-day moving average of $189.79 and a 200-day moving average of $176.53. 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 Allstate Co. has a one year low of $131.65 and a one year high of $201.00. The stock has a market cap of $52.13 billion, a PE ratio of 12.81, a PEG ratio of 1.75 and a beta of 0.48.

Allstate (NYSE:ALL - Get Free Report) last released its 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. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. Allstate's revenue for the quarter was up 14.7% on a year-over-year basis. Research analysts predict that The Allstate Co. will post 16.07 earnings per share for the current fiscal year.

Allstate Dividend Announcement

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

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.