2,782 Shares in The Allstate Co. (NYSE:ALL) Bought by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. acquired a new stake in The Allstate Co. (NYSE:ALL - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,782 shares of the insurance provider's stock, valued at approximately $545,000.

Other large investors have also added to or reduced their stakes in the company. SPC Financial Inc. raised its holdings in shares of Allstate by 3.6% in the 3rd quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider's stock valued at $297,000 after acquiring an additional 54 shares in the last quarter. Lake Street Advisors Group LLC lifted its position in Allstate by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider's stock valued at $596,000 after purchasing an additional 54 shares during the last quarter. Abacus Planning Group Inc. grew its stake in Allstate by 2.4% in the 3rd quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider's stock worth $458,000 after buying an additional 56 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Allstate by 1.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider's stock worth $893,000 after buying an additional 59 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. raised its position in shares of Allstate by 15.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider's stock valued at $87,000 after buying an additional 60 shares in the last quarter. Institutional investors own 76.47% of the company's stock.

Insider Transactions at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of the business'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 completion of the transaction, the insider now directly owns 27,364 shares in the company, valued at $5,236,922.32. The trade was a 57.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on ALL. Jefferies Financial Group increased their target price on Allstate from $231.00 to $267.00 and gave the company a "buy" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on Allstate from $205.00 to $207.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. The Goldman Sachs Group upped their target price on Allstate from $209.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. TD Cowen lifted their price target on shares of Allstate from $193.00 to $224.00 and gave the stock a "buy" rating in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company upped their price objective on shares of Allstate from $175.00 to $186.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $217.19.

Allstate Stock Down 1.7 %

Shares of NYSE:ALL traded down $3.42 during trading on Monday, hitting $200.22. The stock had a trading volume of 953,854 shares, compared to its average volume of 1,544,682. The company has a market capitalization of $53.02 billion, a PE ratio of 13.19, a PEG ratio of 1.79 and a beta of 0.50. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The firm's fifty day moving average is $194.40 and its 200 day moving average is $180.46. The Allstate Co. has a 12 month low of $134.17 and a 12 month high of $209.88.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $14.57 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The firm's quarterly revenue was up 14.7% compared to the same quarter last year. Analysts anticipate that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.84%. Allstate's payout ratio is 23.83%.

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.