Sumitomo Mitsui Trust Group Inc. Acquires 12,162 Shares of The Allstate Co. (NYSE:ALL)

Sumitomo Mitsui Trust Group Inc. increased its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 650,381 shares of the insurance provider's stock after purchasing an additional 12,162 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Allstate worth $123,345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ALL. SPC Financial Inc. grew its position in shares of Allstate by 3.6% during the 3rd quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider's stock worth $297,000 after buying an additional 54 shares during the period. Lake Street Advisors Group LLC grew its holdings in Allstate by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider's stock worth $596,000 after purchasing an additional 54 shares during the period. Abacus Planning Group Inc. increased its stake in Allstate by 2.4% in the third quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider's stock valued at $458,000 after purchasing an additional 56 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Allstate by 1.3% during the third quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider's stock valued at $893,000 after purchasing an additional 59 shares during the period. Finally, Carmichael Hill & Associates Inc. boosted 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 worth $87,000 after purchasing an additional 60 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of research reports. Jefferies Financial Group upped their price target on Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. UBS Group boosted their price target on shares of Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Wells Fargo & Company raised 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. Bank of America boosted their target price on shares of Allstate from $216.00 to $233.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group raised their price target on shares of Allstate from $199.00 to $204.00 and gave the company a "buy" rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Allstate presently has a consensus rating of "Moderate Buy" and an average price target of $212.56.

Insiders Place Their Bets

In related news, EVP Elizabeth Brady sold 49,481 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the transaction, the executive vice president now directly owns 19,163 shares of the company's stock, valued at approximately $3,431,901.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Allstate news, EVP Robert Toohey sold 16,682 shares of Allstate stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $180.17, for a total value of $3,005,595.94. Following the transaction, the executive vice president now directly owns 4,873 shares of the company's stock, valued at $877,968.41. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elizabeth Brady sold 49,481 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $179.09, for a total value of $8,861,552.29. Following the sale, the executive vice president now directly owns 19,163 shares of the company's stock, valued at approximately $3,431,901.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 192,530 shares of company stock valued at $34,967,665 over the last 90 days. Insiders own 1.80% of the company's stock.

Allstate Price Performance

Shares of Allstate stock traded down $1.58 during trading on Thursday, hitting $195.72. The stock had a trading volume of 353,778 shares, compared to its average volume of 1,540,325. The firm has a market cap of $51.83 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 1.77 and a beta of 0.48. The Allstate Co. has a 12 month low of $130.77 and a 12 month high of $201.00. The business's 50-day moving average is $189.58 and its 200 day moving average is $176.40. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL - Get Free Report) last announced 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. The business had revenue of $16.63 billion for 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%. Allstate's quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.81 earnings per share. As a group, sell-side analysts anticipate that The Allstate Co. will post 16.02 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 given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.88%. 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.