The Allstate Co. (NYSE:ALL) Shares Acquired by Hilltop Holdings Inc.

Hilltop Holdings Inc. lifted its stake in The Allstate Co. (NYSE:ALL) by 25.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,683 shares of the insurance provider’s stock after purchasing an additional 539 shares during the quarter. Hilltop Holdings Inc.’s holdings in Allstate were worth $509,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ALL. OFI Invest Asset Management acquired a new position in Allstate during the second quarter worth $476,000. Eagle Asset Management Inc. lifted its stake in Allstate by 38.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock worth $2,067,000 after acquiring an additional 2,888 shares in the last quarter. Bank of Montreal Can boosted its holdings in Allstate by 1.7% during the 3rd quarter. Bank of Montreal Can now owns 683,574 shares of the insurance provider’s stock valued at $128,758,000 after acquiring an additional 11,195 shares during the period. Diversified Trust Co grew its position in Allstate by 505.3% in the 2nd quarter. Diversified Trust Co now owns 7,923 shares of the insurance provider’s stock valued at $1,265,000 after acquiring an additional 6,614 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Allstate by 3.3% during the second quarter. Hsbc Holdings PLC now owns 1,007,953 shares of the insurance provider’s stock worth $160,948,000 after purchasing an additional 31,789 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insiders Place Their Bets

In other Allstate news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the transaction, the insider now directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 57.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ALL has been the subject of a number of research reports. Bank of America lifted their price objective on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Barclays increased their price objective on Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Evercore ISI boosted their target price on Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Finally, TD Cowen upped their price target on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $217.19.

Allstate Trading Down 0.4 %

Shares of Allstate stock opened at $204.23 on Friday. 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 company has a fifty day simple moving average of $194.09 and a 200-day simple moving average of $180.03. The stock has a market cap of $54.08 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.79 and a beta of 0.50. The Allstate Co. has a 12-month low of $134.17 and a 12-month high of $209.88.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. The firm had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Allstate’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 earnings per share. On average, equities analysts forecast that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 29th will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.80%. Allstate’s dividend payout ratio is presently 23.83%.

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.