Blair William & Co. IL Acquires 4,824 Shares of The Allstate Co. (NYSE:ALL)

Blair William & Co. IL raised its holdings in shares of The Allstate Co. (NYSE:ALL) by 1.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 426,704 shares of the insurance provider’s stock after purchasing an additional 4,824 shares during the period. Blair William & Co. IL’s holdings in Allstate were worth $68,128,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ALL. Rise Advisors LLC purchased a new position in Allstate during the first quarter valued at approximately $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate during the 1st quarter valued at $26,000. Versant Capital Management Inc increased its holdings in shares of Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 78 shares during the period. Family Firm Inc. bought a new position in shares of Allstate in the 2nd quarter worth $38,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Allstate in the 4th quarter worth $44,000. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

In other news, EVP Robert Toohey sold 16,682 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the completion of the transaction, the executive vice president now directly owns 4,873 shares of the company’s stock, valued at approximately $877,968.41. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Robert Toohey sold 16,682 shares of Allstate stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the sale, the executive vice president now owns 4,873 shares in the company, valued at $877,968.41. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Suren Gupta sold 45,775 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the transaction, the insider now owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 201,938 shares of company stock valued at $36,122,740. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ALL. BMO Capital Markets boosted their price objective on shares of Allstate from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. TD Cowen increased their price objective on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. StockNews.com cut Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Finally, Morgan Stanley reduced their target price on Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Allstate has an average rating of “Moderate Buy” and an average price target of $192.76.

Allstate Price Performance

NYSE:ALL opened at $190.26 on Wednesday. The company has a 50 day moving average price of $177.68 and a 200-day moving average price of $169.64. The Allstate Co. has a 1-year low of $108.16 and a 1-year high of $191.33. The firm has a market cap of $50.21 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $1.28. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The company had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.04 billion. During the same quarter in the previous year, the company earned ($4.42) earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities research analysts forecast that The Allstate Co. will post 15.16 EPS for the current year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be given a dividend of $0.92 per share. The ex-dividend date is Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a yield of 1.93%. Allstate’s dividend payout ratio is currently 81.24%.

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.