State Street Corp boosted its stake in The Allstate Co. (NYSE:ALL - Free Report) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,496,306 shares of the insurance provider's stock after buying an additional 126,922 shares during the period. State Street Corp owned 4.34% of Allstate worth $2,190,758,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in Allstate in the third quarter worth $26,000. Northwest Investment Counselors LLC purchased a new position in Allstate during the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new stake in Allstate during the third quarter worth about $29,000. Family Firm Inc. purchased a new stake in Allstate in the second quarter worth about $38,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Allstate during the third quarter valued at approximately $58,000. 76.47% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently commented on ALL. Evercore ISI boosted their price target on Allstate from $191.00 to $195.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 9th. BMO Capital Markets boosted their price target on Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Jefferies Financial Group boosted their price target on Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods boosted their price target on Allstate from $222.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Finally, TD Cowen boosted their price target on Allstate from $193.00 to $224.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Allstate has a consensus rating of "Moderate Buy" and an average price target of $217.19.
View Our Latest Stock Report on Allstate
Insiders Place Their Bets
In other Allstate news, insider John E. Dugenske sold 36,367 shares of the firm's stock in a transaction dated 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 sale, the insider now 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 Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by insiders.
Allstate Price Performance
ALL stock traded down $2.10 during trading on Friday, reaching $202.13. The company's stock had a trading volume of 257,713 shares, compared to its average volume of 1,544,020. The company's fifty day moving average is $194.09 and its 200-day moving average is $180.03. 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 $53.52 billion, a P/E ratio of 13.23, a price-to-earnings-growth 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.
Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. The business had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business's revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 EPS. On average, research analysts expect that The Allstate Co. will post 16.26 earnings per share for the current fiscal year.
Allstate Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Friday, November 29th. Allstate's payout ratio is currently 23.83%.
About Allstate
(
Free Report)
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.
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