Oddo BHF Asset Management Sas Invests $593,000 in The Allstate Co. (NYSE:ALL)

Oddo BHF Asset Management Sas purchased a new position in The Allstate Co. (NYSE:ALL - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,127 shares of the insurance provider's stock, valued at approximately $593,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ALL. State Street Corp grew its holdings in Allstate by 1.1% in the third quarter. State Street Corp now owns 11,496,306 shares of the insurance provider's stock valued at $2,190,758,000 after purchasing an additional 126,922 shares during the period. Geode Capital Management LLC boosted its stake in shares of Allstate by 1.2% in the third quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider's stock valued at $1,178,164,000 after purchasing an additional 74,537 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Allstate by 18.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider's stock valued at $569,114,000 after buying an additional 472,040 shares during the period. Raymond James & Associates raised its holdings in shares of Allstate by 10.6% in the 3rd quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider's stock valued at $287,851,000 after purchasing an additional 145,986 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Allstate by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider's stock worth $229,545,000 after buying an additional 47,038 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company's stock.

Allstate Trading Up 2.1 %

NYSE:ALL traded up $3.96 during mid-day trading on Friday, hitting $196.26. 1,802,975 shares of the stock traded hands, compared to its average volume of 1,550,028. The stock has a market capitalization of $51.97 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 1.70 and a beta of 0.50. The Allstate Co. has a 52 week low of $134.17 and a 52 week high of $209.88. The firm's 50 day moving average is $194.95 and its two-hundred day moving average is $181.42. The company has a quick ratio of 0.40, a current 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, beating analysts' consensus estimates of $2.20 by $1.71. The company had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Allstate's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. On average, equities research analysts predict that The Allstate Co. will post 16.26 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Friday, November 29th. Allstate's payout ratio is 23.83%.

Analyst Ratings Changes

Several brokerages have issued reports on ALL. Evercore ISI boosted their price objective on shares of Allstate from $191.00 to $195.00 and gave the company an "in-line" rating in a research note on Wednesday, October 9th. Barclays lifted their price objective on Allstate from $175.00 to $187.00 and gave the stock an "underweight" rating in a research report on Thursday, October 31st. BMO Capital Markets raised their price objective on Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. Jefferies Financial Group raised their price target on shares of Allstate from $231.00 to $267.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, Wells Fargo & Company boosted their price target on Allstate from $175.00 to $186.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Allstate has an average rating of "Moderate Buy" and an average target price of $217.19.

Insider Transactions at Allstate

In other news, insider John E. Dugenske sold 36,367 shares of the 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 directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. This represents a 57.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.80% of the company's stock.

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.