Worldquant Millennium Advisors LLC Sells 8,842 Shares of The Allstate Co. (NYSE:ALL)

Worldquant Millennium Advisors LLC lessened its stake in The Allstate Co. (NYSE:ALL - Free Report) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 308,727 shares of the insurance provider's stock after selling 8,842 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.12% of Allstate worth $58,550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FSA Wealth Management LLC bought a new position in shares of Allstate during the 3rd quarter worth approximately $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate in the third quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Allstate in the third quarter valued at about $29,000. Family Firm Inc. acquired a new stake in shares of Allstate during the 2nd quarter worth about $38,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in Allstate in the 3rd quarter valued at about $58,000. 76.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on ALL shares. Wells Fargo & Company lifted their price target on Allstate from $175.00 to $186.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 5th. TD Cowen boosted their target price on shares of Allstate from $193.00 to $224.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. Barclays raised their price target on shares of Allstate from $175.00 to $187.00 and gave the stock an "underweight" rating in a research report on Thursday, October 31st. Roth Mkm reissued a "buy" rating and issued a $200.00 price objective on shares of Allstate in a report on Wednesday, August 14th. Finally, StockNews.com cut shares of Allstate from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $217.19.

Insider Buying and Selling at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the company's 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 completion of the transaction, the insider now directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. This represents a 57.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company's stock.

Allstate Price Performance

Shares of ALL stock traded down $0.59 on Friday, reaching $203.64. The company had a trading volume of 1,050,717 shares, compared to its average volume of 1,482,684. The business's 50-day moving average is $194.09 and its 200 day moving average is $180.03. The Allstate Co. has a one year low of $134.17 and a one year high of $209.88. 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 stock has a market capitalization of $53.92 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.80 and a beta of 0.50.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. The business had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 EPS. Equities research analysts forecast that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be issued a $0.92 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.81%. Allstate's payout ratio is presently 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.