Fiduciary Trust Co Purchases 423 Shares of The Allstate Co. (NYSE:ALL)

Fiduciary Trust Co increased its stake in shares of The Allstate Co. (NYSE:ALL) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,588 shares of the insurance provider’s stock after buying an additional 423 shares during the quarter. Fiduciary Trust Co’s holdings in Allstate were worth $2,767,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. SPC Financial Inc. grew its position in Allstate by 3.6% during the third quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock worth $297,000 after buying an additional 54 shares in the last quarter. Lake Street Advisors Group LLC grew its position in Allstate by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock worth $596,000 after buying an additional 54 shares in the last quarter. Abacus Planning Group Inc. grew its position in Allstate by 2.4% during the third quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock worth $458,000 after buying an additional 56 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in Allstate by 1.3% during the third quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock worth $893,000 after buying an additional 59 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. grew its position in Allstate by 15.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock worth $87,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Ratings Changes

ALL has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Bank of America raised their target price on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 18th. Evercore ISI raised their target price on Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised their target price on Allstate from $175.00 to $186.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Finally, TD Cowen raised 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $217.19.

Allstate Stock Performance

ALL stock opened at $208.20 on Friday. The stock has a 50-day moving average price of $192.69 and a 200-day moving average price of $178.77. The Allstate Co. has a 1-year low of $134.17 and a 1-year high of $209.88. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The firm has a market cap of $55.13 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.80 and a beta of 0.48.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $14.57 billion. During the same period in the previous year, the company posted $0.81 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. As a group, 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. Investors of record on Friday, November 29th will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, November 29th. Allstate’s payout ratio is 23.83%.

Insider Activity at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated 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 transaction, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. The trade was a 57.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

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.