The Allstate Co. (NYSE:ALL) Shares Purchased by World Investment Advisors LLC

World Investment Advisors LLC raised its stake in shares of The Allstate Co. (NYSE:ALL - Free Report) by 534.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,530 shares of the insurance provider's stock after purchasing an additional 28,244 shares during the quarter. World Investment Advisors LLC's holdings in Allstate were worth $6,359,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OFI Invest Asset Management purchased a new position in Allstate during the 2nd quarter worth approximately $476,000. Eagle Asset Management Inc. increased its stake in shares of Allstate by 38.0% in the third quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider's stock worth $2,067,000 after acquiring an additional 2,888 shares during the period. Bank of Montreal Can raised its holdings in shares of Allstate by 1.7% during the third quarter. Bank of Montreal Can now owns 683,574 shares of the insurance provider's stock worth $128,758,000 after purchasing an additional 11,195 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in Allstate during the third quarter valued at $623,000. Finally, Hsbc Holdings PLC boosted its holdings in Allstate by 3.3% in the second quarter. Hsbc Holdings PLC now owns 1,007,953 shares of the insurance provider's stock valued at $160,948,000 after purchasing an additional 31,789 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ALL shares. BMO Capital Markets boosted their price objective on Allstate from $205.00 to $214.00 and gave the company an "outperform" rating in a report on Friday, October 18th. Raymond James boosted their price target on Allstate from $205.00 to $220.00 and gave the company a "strong-buy" rating in a report on Friday, October 4th. Barclays raised their price objective on shares of Allstate from $175.00 to $187.00 and gave the stock an "underweight" rating in a research note on Thursday, October 31st. Morgan Stanley boosted their target price on shares of Allstate from $220.00 to $228.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group raised their price target on shares of Allstate from $231.00 to $267.00 and gave the company a "buy" rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $217.19.

Insiders Place Their Bets

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the firm's stock in a transaction on 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 sale, the insider now owns 27,364 shares of the company's stock, valued at $5,236,922.32. This trade represents a 57.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by insiders.

Allstate Price Performance

ALL traded up $4.90 during trading on Friday, reaching $197.20. The company's stock had a trading volume of 609,370 shares, compared to its average volume of 1,545,249. 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 has a fifty day simple moving average of $194.84 and a two-hundred day simple moving average of $181.08. The company has a market cap of $52.22 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.70 and a beta of 0.50. The Allstate Co. has a 1 year low of $134.17 and a 1 year high of $209.88.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data 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 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 analyst estimates of $14.57 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, analysts anticipate that The Allstate Co. will post 16.26 EPS for the current year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 29th will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, November 29th. Allstate's payout ratio is currently 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.