The Allstate Co. (NYSE:ALL) Holdings Boosted by EP Wealth Advisors LLC

EP Wealth Advisors LLC grew its holdings in The Allstate Co. (NYSE:ALL) by 2.2% in the third quarter, Holdings Channel.com reports. The firm owned 323,977 shares of the insurance provider’s stock after purchasing an additional 6,989 shares during the period. EP Wealth Advisors LLC’s holdings in Allstate were worth $61,442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in Allstate in the 3rd quarter worth approximately $26,000. Northwest Investment Counselors LLC bought a new position in Allstate during the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC acquired a new stake in Allstate in the third quarter valued at approximately $29,000. Family Firm Inc. bought a new stake in Allstate in the second quarter worth approximately $38,000. Finally, MCF Advisors LLC increased its stake in shares of Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays raised their target price on Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. Raymond James upped their target price on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. Jefferies Financial Group boosted their price objective on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. TD Cowen lifted their target price on shares of Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Piper Sandler raised their price target on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $217.19.

Insiders Place Their Bets

In other Allstate news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction 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 sale, the insider now owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. The trade was a 57.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Allstate Trading Down 0.3 %

ALL stock opened at $203.67 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $53.93 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 1.79 and a beta of 0.50. The business has a fifty day moving average price of $194.09 and a 200 day moving average price of $180.03. The Allstate Co. has a fifty-two week low of $134.17 and a fifty-two week high of $209.88.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (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 analysts’ expectations of $14.57 billion. During the same period in the previous year, the business posted $0.81 earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. Analysts expect that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

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.