Bard Financial Services Inc. Sells 5,350 Shares of The Allstate Co. (NYSE:ALL)

Bard Financial Services Inc. lessened its position in The Allstate Co. (NYSE:ALL - Free Report) by 45.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,300 shares of the insurance provider's stock after selling 5,350 shares during the period. Bard Financial Services Inc.'s holdings in Allstate were worth $1,195,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ALL. Lighthouse Investment Partners LLC acquired a new stake in Allstate during the fourth quarter worth approximately $5,927,000. BDF Gestion bought a new position in Allstate in the 2nd quarter valued at approximately $3,051,000. BNP Paribas Financial Markets boosted its holdings in shares of Allstate by 55.8% during the 1st quarter. BNP Paribas Financial Markets now owns 218,629 shares of the insurance provider's stock valued at $37,825,000 after acquiring an additional 78,316 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of Allstate during the second quarter worth about $476,000. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Allstate by 12.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 50,383 shares of the insurance provider's stock valued at $8,717,000 after buying an additional 5,586 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Allstate news, insider Suren Gupta sold 45,775 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $177.28, for a total value of $8,114,992.00. Following the sale, the insider now directly owns 89,930 shares in the company, valued at $15,942,790.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Suren Gupta sold 45,775 shares of Allstate stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the completion of the sale, the insider now owns 89,930 shares in the company, valued at approximately $15,942,790.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John E. Dugenske sold 36,367 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $5,236,922.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 238,305 shares of company stock worth $43,082,657. 1.80% of the stock is owned by company insiders.

Allstate Stock Performance

Shares of NYSE ALL traded up $2.73 during midday trading on Friday, hitting $190.57. The company's stock had a trading volume of 704,734 shares, compared to its average volume of 1,547,504. The firm has a market capitalization of $50.29 billion, a price-to-earnings ratio of 42.07, a P/E/G ratio of 1.81 and a beta of 0.48. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $183.18 and a 200 day moving average price of $172.38. The Allstate Co. has a one year low of $110.74 and a one year high of $193.97.

Allstate (NYSE:ALL - Get Free Report) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $1.28. The firm had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.04 billion. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The business's quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($4.42) earnings per share. On average, research analysts forecast that The Allstate Co. will post 15.2 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th were given a $0.92 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.93%. Allstate's dividend payout ratio (DPR) is currently 81.24%.

Analysts Set New Price Targets

ALL has been the subject of several recent research reports. Bank of America upped their price target on shares of Allstate from $213.00 to $226.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. BMO Capital Markets raised their price target on shares of Allstate from $191.00 to $205.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Roth Mkm reiterated a "buy" rating and set a $200.00 price objective on shares of Allstate in a research report on Wednesday, August 14th. TD Cowen upped their price target on shares of Allstate from $193.00 to $224.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. Finally, The Goldman Sachs Group raised their target price on Allstate from $199.00 to $204.00 and gave the company a "buy" rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $195.12.

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.