First Trust Advisors LP Has $155.81 Million Holdings in The Allstate Corporation $ALL

First Trust Advisors LP boosted its stake in shares of The Allstate Corporation (NYSE:ALL) by 67.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 773,998 shares of the insurance provider’s stock after acquiring an additional 312,237 shares during the quarter. First Trust Advisors LP owned approximately 0.29% of Allstate worth $155,814,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Arlington Trust Co LLC lifted its stake in shares of Allstate by 261.8% during the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after buying an additional 89 shares during the last quarter. Clearstead Trust LLC boosted its holdings in shares of Allstate by 3,800.0% during the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after buying an additional 152 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Allstate by 315.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock valued at $33,000 after buying an additional 126 shares in the last quarter. Hilltop National Bank bought a new stake in Allstate in the 2nd quarter worth about $34,000. Finally, Chilton Capital Management LLC bought a new stake in shares of Allstate in the 2nd quarter worth approximately $38,000. 76.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ALL has been the subject of a number of recent research reports. Citigroup upgraded shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Roth Capital upped their target price on shares of Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Jefferies Financial Group boosted their price target on shares of Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods boosted their target price on shares of Allstate from $246.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Finally, Wolfe Research upgraded shares of Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $237.92.

Allstate Stock Performance

NYSE ALL opened at $206.40 on Friday. The company has a fifty day moving average of $204.70 and a two-hundred day moving average of $202.55. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.89. The company has a market capitalization of $54.01 billion, a PE ratio of 6.68, a P/E/G ratio of 0.39 and a beta of 0.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.43 and a quick ratio of 0.43.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.48 by $5.69. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a net margin of 12.53% and a return on equity of 35.42%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.91 earnings per share. As a group, analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, December 1st. Allstate’s dividend payout ratio is 12.95%.

Insider Buying and Selling at Allstate

In other news, insider Suren Gupta sold 3,786 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $215.13, for a total transaction of $814,482.18. Following the completion of the sale, the insider directly owned 100,646 shares in the company, valued at $21,651,973.98. This trade represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 28,807 shares of company stock valued at $6,198,726 over the last ninety days. 1.70% of the stock is owned by corporate insiders.

Allstate 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.