The Allstate Co. (NYSE:ALL) Holdings Lifted by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 248,240 shares of the insurance provider's stock after acquiring an additional 8,107 shares during the quarter. Natixis Advisors LLC owned approximately 0.09% of Allstate worth $47,078,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ALL. KCM Investment Advisors LLC raised its stake in shares of Allstate by 1.0% in the 3rd quarter. KCM Investment Advisors LLC now owns 11,767 shares of the insurance provider's stock valued at $2,232,000 after purchasing an additional 113 shares in the last quarter. Empowered Funds LLC raised its stake in Allstate by 102.8% during the third quarter. Empowered Funds LLC now owns 68,371 shares of the insurance provider's stock valued at $12,967,000 after buying an additional 34,650 shares in the last quarter. Empirical Finance LLC lifted its holdings in Allstate by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 9,300 shares of the insurance provider's stock worth $1,764,000 after buying an additional 169 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Allstate by 8.3% in the 3rd quarter. CIBC Asset Management Inc now owns 38,751 shares of the insurance provider's stock valued at $7,349,000 after acquiring an additional 2,984 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in shares of Allstate by 6.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,294 shares of the insurance provider's stock valued at $814,000 after acquiring an additional 278 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Allstate Price Performance

Shares of ALL stock traded up $3.09 during mid-day trading on Monday, hitting $199.97. 1,106,237 shares of the stock traded hands, compared to its average volume of 1,540,437. The Allstate Co. has a twelve month low of $132.74 and a twelve month high of $201.00. 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's 50-day simple moving average is $190.01 and its 200-day simple moving average is $176.80. The firm has a market cap of $52.95 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.48.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion for the quarter, compared to analysts' expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Allstate's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. As a group, equities research analysts expect that The Allstate Co. will post 16.01 earnings per share for the current year.

Allstate Dividend Announcement

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 given a $0.92 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 1.84%. Allstate's dividend payout ratio (DPR) is 23.83%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group lifted their price objective on shares of Allstate from $216.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Jefferies Financial Group lifted their price target on shares of Allstate from $231.00 to $267.00 and gave the company a "buy" rating in a report on Friday, November 8th. Piper Sandler raised their target price on shares of Allstate from $188.00 to $196.00 and gave the stock an "overweight" rating in a report on Friday, August 16th. Morgan Stanley increased their price target on Allstate from $220.00 to $228.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, Raymond James boosted their price objective on Allstate from $205.00 to $220.00 and gave the company a "strong-buy" rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Allstate has an average rating of "Moderate Buy" and a consensus price target of $214.19.

Insider Buying and Selling at Allstate

In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the sale, the chief executive officer now directly owns 88,552 shares of the company's stock, valued at approximately $15,880,915.68. This represents a 50.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John E. Dugenske sold 36,367 shares of the firm'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 owns 27,364 shares of the company's stock, valued at approximately $5,236,922.32. The trade was a 57.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate 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.