Stifel Financial Corp Has $42.58 Million Stake in The Allstate Co. (NYSE:ALL)

Stifel Financial Corp lowered its position in The Allstate Co. (NYSE:ALL - Free Report) by 10.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,503 shares of the insurance provider's stock after selling 26,829 shares during the period. Stifel Financial Corp owned 0.08% of Allstate worth $42,579,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ALL. Czech National Bank boosted its stake in Allstate by 8.9% in the second quarter. Czech National Bank now owns 50,291 shares of the insurance provider's stock worth $8,029,000 after purchasing an additional 4,104 shares in the last quarter. Alpha Cubed Investments LLC lifted its position in Allstate by 12.3% during the 2nd quarter. Alpha Cubed Investments LLC now owns 3,127 shares of the insurance provider's stock worth $499,000 after buying an additional 343 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Allstate by 4.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,706 shares of the insurance provider's stock worth $1,231,000 after acquiring an additional 334 shares during the last quarter. Wedmont Private Capital raised its stake in shares of Allstate by 20.1% in the second quarter. Wedmont Private Capital now owns 4,172 shares of the insurance provider's stock worth $683,000 after acquiring an additional 698 shares during the last quarter. Finally, Meyer Handelman Co. raised its stake in shares of Allstate by 3.9% in the second quarter. Meyer Handelman Co. now owns 172,385 shares of the insurance provider's stock worth $27,523,000 after acquiring an additional 6,460 shares during the last quarter. Institutional investors own 76.47% of the company's stock.

Analysts Set New Price Targets

ALL has been the subject of a number of research reports. Bank of America raised their price target on shares of Allstate from $216.00 to $233.00 and gave the company a "buy" rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on Allstate from $205.00 to $207.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. BMO Capital Markets upped their price target on Allstate from $205.00 to $214.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. StockNews.com lowered Allstate from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, August 21st. Finally, Raymond James upped their target price on shares of Allstate from $205.00 to $220.00 and gave the company a "strong-buy" rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $217.19.

Allstate Trading Down 0.3 %

Allstate stock traded down $0.59 during mid-day trading on Friday, hitting $203.64. 1,050,717 shares of the company's stock were exchanged, compared to its average volume of 1,482,684. The Allstate Co. has a fifty-two week low of $134.17 and a fifty-two week high of $209.88. 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 has a market capitalization of $53.92 billion, a P/E ratio of 13.19, a PEG ratio of 1.80 and a beta of 0.50. The company's 50 day simple moving average is $194.40 and its 200-day simple moving average is $180.36.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $14.57 billion. During the same quarter in the previous year, the business posted $0.81 EPS. Allstate's revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities analysts anticipate that The Allstate Co. will post 16.26 earnings per share for the current year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders 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 dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, November 29th. Allstate's dividend payout ratio is 23.83%.

Insider Transactions at Allstate

In other news, insider John E. Dugenske sold 36,367 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $5,236,922.32. This represents a 57.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

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.