Royal London Asset Management Ltd. Purchases 2,843 Shares of The Allstate Co. (NYSE:ALL)

Royal London Asset Management Ltd. grew its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,448 shares of the insurance provider's stock after acquiring an additional 2,843 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Allstate were worth $21,515,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Pathway Financial Advisers LLC boosted its stake in Allstate by 18,472.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider's stock valued at $199,642,000 after purchasing an additional 1,047,019 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Allstate by 18.7% during the third 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 last quarter. AQR Capital Management LLC grew its holdings in Allstate by 181.6% during the second quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider's stock worth $114,955,000 after buying an additional 464,337 shares in the last quarter. TimesSquare Capital Management LLC purchased a new stake in Allstate in the 3rd quarter valued at $77,819,000. Finally, Acadian Asset Management LLC lifted its stake in Allstate by 3,839.0% during the 2nd quarter. Acadian Asset Management LLC now owns 416,117 shares of the insurance provider's stock valued at $66,417,000 after acquiring an additional 405,553 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALL has been the topic of a number of recent analyst reports. TD Cowen raised 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. StockNews.com downgraded Allstate from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, August 21st. Bank of America increased their price target on Allstate from $216.00 to $233.00 and gave the company a "buy" rating in a research report on Friday, October 18th. The Goldman Sachs Group boosted their price objective on Allstate from $209.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. raised their target price on Allstate from $205.00 to $207.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $217.19.

Insider Activity

In related news, insider John E. Dugenske sold 36,367 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the sale, the insider now directly 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 document filed with the SEC, which is available through the SEC website. Company insiders own 1.80% of the company's stock.

Allstate Stock Performance

Shares of NYSE ALL traded down $0.59 during mid-day trading on Friday, hitting $203.64. The company had a trading volume of 1,050,717 shares, compared to its average volume of 1,482,684. 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 1 year low of $134.17 and a 1 year high of $209.88. The company has a market capitalization of $53.92 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 1.80 and a beta of 0.50. The stock's 50-day moving average price is $194.09 and its 200-day moving average price is $180.03.

Allstate (NYSE:ALL - Get Free Report) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating 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 business 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 earned $0.81 EPS. The company's quarterly revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts forecast that The Allstate Co. will post 16.26 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, November 29th. Allstate's payout ratio is 23.83%.

About Allstate

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.