SG Americas Securities LLC Sells 8,662 Shares of The Allstate Co. (NYSE:ALL)

SG Americas Securities LLC decreased its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 25.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,094 shares of the insurance provider's stock after selling 8,662 shares during the quarter. SG Americas Securities LLC's holdings in Allstate were worth $4,759,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ALL. Lighthouse Investment Partners LLC acquired a new position in shares of Allstate in the 4th quarter valued at about $5,927,000. BDF Gestion bought a new position in shares of Allstate during the 2nd quarter worth 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 worth $37,825,000 after buying an additional 78,316 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Allstate during the 2nd quarter worth approximately $476,000. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Allstate by 12.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 50,383 shares of the insurance provider's stock valued at $8,717,000 after acquiring an additional 5,586 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALL has been the subject of a number of research reports. Bank of America raised their price target on shares of Allstate from $213.00 to $226.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Roth Mkm reaffirmed a "buy" rating and issued a $200.00 target price on shares of Allstate in a research report on Wednesday, August 14th. JPMorgan Chase & Co. increased their price target on Allstate from $193.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, July 11th. TD Cowen boosted their price objective on Allstate from $193.00 to $224.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Finally, Piper Sandler increased their target price on Allstate from $188.00 to $196.00 and gave the stock an "overweight" rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $195.12.

Allstate Price Performance

Shares of ALL stock traded down $9.39 during trading hours on Monday, reaching $181.18. The stock had a trading volume of 2,923,235 shares, compared to its average volume of 1,554,632. The firm has a market capitalization of $47.82 billion, a PE ratio of 39.95, a PEG ratio of 1.81 and a beta of 0.48. The Allstate Co. has a 12 month low of $112.42 and a 12 month high of $193.97. The stock's fifty day simple moving average is $183.18 and its 200 day simple moving average is $172.46. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49.

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

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, August 30th were paid a $0.92 dividend. The ex-dividend date was Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a yield of 2.03%. Allstate's dividend payout ratio is presently 81.24%.

Insider Activity at Allstate

In other 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 owns 88,552 shares of the company's stock, valued at approximately $15,880,915.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Elizabeth Brady sold 49,481 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the completion of the sale, the executive vice president now directly owns 19,163 shares in the company, valued at approximately $3,431,901.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 238,305 shares of company stock valued at $43,082,657. Corporate insiders own 1.80% of the company's stock.

Allstate Company 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.