Victory Capital Management Inc. Trims Stake in The Allstate Co. (NYSE:ALL)

Victory Capital Management Inc. decreased its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 20.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,753 shares of the insurance provider's stock after selling 71,083 shares during the quarter. Victory Capital Management Inc. owned about 0.11% of Allstate worth $52,866,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ALL. SPC Financial Inc. raised its stake 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 valued at $297,000 after buying an additional 54 shares during the last quarter. Lake Street Advisors Group LLC lifted 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 valued at $596,000 after acquiring an additional 54 shares during the last quarter. Abacus Planning Group Inc. raised its position 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 during the period. Chicago Partners Investment Group LLC increased its position 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 worth $893,000 after acquiring an additional 59 shares during the period. Finally, Carmichael Hill & Associates Inc. increased its holdings in Allstate by 15.0% in the third quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider's stock valued at $87,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Analyst Ratings Changes

ALL has been the subject of several recent research reports. Jefferies Financial Group increased their target price on shares of Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on shares of Allstate from $205.00 to $207.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. The Goldman Sachs Group lifted their price target on shares of Allstate from $209.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday. Raymond James boosted their price objective 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. Finally, Morgan Stanley upped their price target on shares of Allstate from $220.00 to $228.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $214.19.

Allstate Stock Up 0.5 %

Shares of ALL traded up $1.05 on Friday, hitting $196.83. The company's stock had a trading volume of 527,638 shares, compared to its average volume of 1,538,227. 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's fifty day moving average price is $189.79 and its 200-day moving average price is $176.53. The Allstate Co. has a fifty-two week low of $131.65 and a fifty-two week high of $201.00. The firm has a market capitalization of $52.12 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 1.75 and a beta of 0.48.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. 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 prior year, the business posted $0.81 EPS. The business's revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts expect that The Allstate Co. will post 16.07 EPS for the current year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 29th will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.87%. Allstate's dividend payout ratio (DPR) is presently 23.83%.

Insiders Place Their Bets

In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total value of $16,140,600.00. Following the completion of the sale, the chief executive officer now owns 88,552 shares of the company's stock, valued at approximately $15,880,915.68. This trade represents a 50.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction that occurred on 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 transaction, the insider now directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. The trade was a 57.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,049 shares of company stock worth $26,106,112 in the last 90 days. Company insiders own 1.80% of the company's stock.

About Allstate

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.