Wellington Management Group LLP Trims Position in The Allstate Co. (NYSE:ALL)

Wellington Management Group LLP trimmed its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 79.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 959,789 shares of the insurance provider's stock after selling 3,761,224 shares during the period. Wellington Management Group LLP owned 0.36% of Allstate worth $182,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Two Sigma Advisers LP raised its holdings in shares of Allstate by 47.5% during the 3rd quarter. Two Sigma Advisers LP now owns 157,800 shares of the insurance provider's stock valued at $29,927,000 after buying an additional 50,800 shares during the period. State Street Corp boosted its position in Allstate by 1.1% during the 3rd quarter. State Street Corp now owns 11,496,306 shares of the insurance provider's stock valued at $2,190,758,000 after purchasing an additional 126,922 shares during the period. Stevens Capital Management LP boosted its position in Allstate by 13.2% during the 3rd quarter. Stevens Capital Management LP now owns 3,753 shares of the insurance provider's stock valued at $712,000 after purchasing an additional 438 shares during the period. SYM FINANCIAL Corp acquired a new position in Allstate during the 3rd quarter valued at approximately $220,000. Finally, SageView Advisory Group LLC boosted its position in Allstate by 6.2% during the 3rd quarter. SageView Advisory Group LLC now owns 5,103 shares of the insurance provider's stock worth $968,000 after acquiring an additional 299 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of the business's 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 transaction, the insider now owns 27,364 shares in the company, valued at $5,236,922.32. The trade was a 57.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Allstate Stock Performance

Shares of Allstate stock traded down $4.59 during mid-day trading on Monday, hitting $199.05. 2,307,245 shares of the stock were exchanged, compared to its average volume of 1,550,658. The Allstate Co. has a 12 month low of $134.17 and a 12 month high of $209.88. The company has a 50-day simple moving average of $194.59 and a 200 day simple moving average of $180.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $52.71 billion, a P/E ratio of 12.89, a P/E/G ratio of 1.79 and a beta of 0.50.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS 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 company 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 firm posted $0.81 EPS. Allstate's revenue was up 14.7% on a year-over-year basis. Sell-side analysts anticipate that The Allstate Co. will post 16.26 earnings per share for the current fiscal 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 issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, November 29th. Allstate's dividend payout ratio is currently 23.83%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Morgan Stanley upped their price target on Allstate from $220.00 to $228.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Roth Mkm reiterated a "buy" rating and set a $200.00 price target on shares of Allstate in a research note on Wednesday, August 14th. Evercore ISI upped their price target on Allstate from $191.00 to $195.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 9th. Finally, 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Allstate presently has an average rating of "Moderate Buy" and an average target price of $217.19.

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.