Wilmington Savings Fund Society FSB Has $1.75 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Wilmington Savings Fund Society FSB increased its holdings in shares of The Allstate Co. (NYSE:ALL) by 457.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,249 shares of the insurance provider’s stock after acquiring an additional 7,590 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Allstate were worth $1,754,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ALL. OFI Invest Asset Management acquired a new stake in Allstate during the second quarter valued at approximately $476,000. Eagle Asset Management Inc. grew 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 acquiring an additional 2,888 shares during the period. Bank of Montreal Can raised its stake in Allstate by 1.7% during the third quarter. Bank of Montreal Can now owns 683,574 shares of the insurance provider’s stock worth $128,758,000 after acquiring an additional 11,195 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of Allstate during the third quarter valued at $623,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Allstate by 3.3% during the second quarter. Hsbc Holdings PLC now owns 1,007,953 shares of the insurance provider’s stock valued at $160,948,000 after acquiring an additional 31,789 shares during the period. Institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ALL. StockNews.com cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Evercore ISI raised their target price on Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Bank of America lifted their price target on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 18th. The Goldman Sachs Group increased their price objective on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. boosted their target price 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. 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $217.19.

Allstate Stock Performance

ALL stock opened at $196.25 on Friday. The Allstate Co. has a twelve month low of $134.17 and a twelve month high of $209.88. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The company has a market cap of $51.97 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 1.70 and a beta of 0.50. The business’s fifty day moving average is $194.95 and its 200-day moving average is $181.30.

Allstate (NYSE:ALL) last released 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. The firm had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Equities research analysts forecast that The Allstate Co. will post 16.26 EPS for the current year.

Allstate Announces Dividend

The company also recently disclosed 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. This represents a $3.68 annualized dividend and a yield of 1.88%. The ex-dividend date 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 transaction, the insider now directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. The trade was a 57.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

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.