The Allstate Co. (NYSE:ALL) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. lowered its stake in shares of The Allstate Co. (NYSE:ALL) by 16.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,775 shares of the insurance provider’s stock after selling 1,875 shares during the quarter. Bard Financial Services Inc.’s holdings in Allstate were worth $1,854,000 at the end of the most recent reporting period.

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

Insider Transactions at Allstate

In other news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 27,364 shares in the company, valued at $5,236,922.32. This represents a 57.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.

Allstate Stock Performance

NYSE ALL opened at $195.06 on Wednesday. The firm has a market cap of $51.65 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.79 and a beta of 0.50. 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 Allstate Co. has a 1-year low of $134.17 and a 1-year high of $209.88. The company has a 50 day moving average of $194.59 and a 200-day moving average of $180.71.

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

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be given 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 1.89%. Allstate’s payout ratio is presently 23.83%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ALL shares. The Goldman Sachs Group raised their price objective on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Barclays raised their price objective on Allstate from $175.00 to $187.00 and gave the stock an “underweight” rating in a research report on Thursday, October 31st. UBS Group increased their price objective on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Raymond James lifted their target price on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. Finally, Evercore ISI boosted their target price on shares of Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. One research 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 stock. According to data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $217.19.

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.