Larson Financial Group LLC Increases Holdings in The Allstate Co. (NYSE:ALL)

Larson Financial Group LLC increased its stake in shares of The Allstate Co. (NYSE:ALL) by 49.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,247 shares of the insurance provider’s stock after buying an additional 411 shares during the quarter. Larson Financial Group LLC’s holdings in Allstate were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ALL. BDF Gestion purchased a new stake in Allstate in the second quarter valued at $3,051,000. OFI Invest Asset Management purchased a new stake in Allstate in the second quarter valued at $476,000. Diversified Trust Co raised its position in Allstate by 505.3% in the second quarter. Diversified Trust Co now owns 7,923 shares of the insurance provider’s stock valued at $1,265,000 after purchasing an additional 6,614 shares during the period. Cetera Investment Advisers raised its position in Allstate by 351.6% in the first quarter. Cetera Investment Advisers now owns 65,221 shares of the insurance provider’s stock valued at $11,284,000 after purchasing an additional 50,780 shares during the period. Finally, Eagle Asset Management Inc. raised its position in Allstate by 38.0% in the third quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock valued at $2,067,000 after purchasing an additional 2,888 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 0.2 %

Allstate stock opened at $208.19 on Thursday. The Allstate Co. has a fifty-two week low of $134.17 and a fifty-two week high of $209.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $55.13 billion, a P/E ratio of 13.48, a PEG ratio of 1.80 and a beta of 0.48. The stock has a 50-day simple moving average of $192.34 and a 200-day simple moving average of $178.57.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share 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 business had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the business earned $0.81 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts expect that The Allstate Co. will post 16.07 earnings per share for the current year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, November 29th. Allstate’s payout ratio is currently 23.83%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ALL shares. TD Cowen boosted 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. 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. Evercore ISI boosted their price objective on Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, UBS Group boosted their price objective on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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 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 directly owns 27,364 shares of the company’s stock, valued at $5,236,922.32. This represents a 57.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by company insiders.

About Allstate

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.