The Allstate Co. (NYSE:ALL) Shares Acquired by Eagle Asset Management Inc.

Eagle Asset Management Inc. increased its holdings in shares of The Allstate Co. (NYSE:ALL) by 38.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,497 shares of the insurance provider’s stock after acquiring an additional 2,888 shares during the period. Eagle Asset Management Inc.’s holdings in Allstate were worth $2,067,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Northwest Investment Counselors LLC acquired a new position in shares of Allstate during the 3rd quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new stake in Allstate during the third quarter worth about $29,000. Versant Capital Management Inc grew its position in Allstate by 70.9% during the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after buying an additional 78 shares during the period. Family Firm Inc. purchased a new position in Allstate in the second quarter valued at about $38,000. Finally, MCF Advisors LLC lifted its position in shares of Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 84 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Trading Down 0.8 %

Shares of ALL opened at $202.14 on Tuesday. The Allstate Co. has a fifty-two week low of $134.17 and a fifty-two week high of $205.35. The company has a market capitalization of $53.53 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.81 and a beta of 0.48. The stock has a fifty day moving average of $191.64 and a two-hundred day moving average of $178.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the firm posted $0.81 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, analysts forecast that The Allstate Co. will post 16.07 EPS for the current year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be issued a dividend of $0.92 per share. The ex-dividend date is Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.82%. Allstate’s payout ratio is currently 23.83%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ALL shares. Evercore ISI upped their price target on Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. BMO Capital Markets raised their price target on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. StockNews.com downgraded Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Morgan Stanley increased their price objective 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, Roth Mkm restated a “buy” rating and set a $200.00 target price on shares of Allstate in a research report on Wednesday, August 14th. 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 given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $214.19.

Insider Buying and Selling

In related 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 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. This represents a 57.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

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.