Integrated Wealth Concepts LLC Acquires 3,554 Shares of The Allstate Co. (NYSE:ALL)

Integrated Wealth Concepts LLC raised its stake in shares of The Allstate Co. (NYSE:ALL - Free Report) by 108.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,818 shares of the insurance provider's stock after purchasing an additional 3,554 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Allstate were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ALL. FSA Wealth Management LLC bought a new stake in Allstate in the third quarter valued at approximately $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Allstate during the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate during the 3rd quarter valued at $29,000. Family Firm Inc. purchased a new stake in Allstate in the second quarter worth about $38,000. Finally, MCF Advisors LLC boosted its position in shares of Allstate by 33.9% in the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider's stock worth $53,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company's stock.

Allstate Stock Performance

Shares of NYSE:ALL traded down $0.59 during mid-day trading on Friday, reaching $203.64. 1,050,717 shares of the company traded hands, compared to its average volume of 1,482,684. The company's 50 day moving average price is $194.40 and its 200-day moving average price is $180.46. The firm has a market cap of $53.92 billion, a PE ratio of 13.19, a PEG ratio of 1.80 and a beta of 0.50. The Allstate Co. has a 52 week low of $134.17 and a 52 week high of $209.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The company's revenue was up 14.7% on a year-over-year basis. On average, equities analysts expect that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Announces Dividend

The firm 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 dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.81%. Allstate's dividend payout ratio is presently 23.83%.

Analysts Set New Price Targets

A number of analysts have weighed in on ALL shares. 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. Jefferies Financial Group lifted their price objective on Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a report on Friday, November 8th. 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 note on Friday, October 4th. 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, UBS Group increased their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, November 4th. One 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, Allstate has a consensus rating of "Moderate Buy" and an average price target of $217.19.

Insider Activity

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction dated Friday, September 20th. The shares were 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 owns 27,364 shares of the company's stock, valued at $5,236,922.32. This represents a 57.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company's stock.

Allstate 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.