The Allstate Co. (NYSE:ALL) Shares Bought by Bokf Na

Bokf Na grew its position in shares of The Allstate Co. (NYSE:ALL) by 264.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,799 shares of the insurance provider’s stock after purchasing an additional 12,909 shares during the quarter. Bokf Na’s holdings in Allstate were worth $2,842,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ALL. SageView Advisory Group LLC acquired a new stake in Allstate during the 4th quarter worth $456,000. Rafferty Asset Management LLC grew its stake in shares of Allstate by 5.7% in the fourth quarter. Rafferty Asset Management LLC now owns 92,753 shares of the insurance provider’s stock valued at $12,984,000 after buying an additional 4,987 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Allstate during the fourth quarter worth about $5,927,000. BDF Gestion acquired a new stake in Allstate during the 2nd quarter worth approximately $3,051,000. Finally, Mizuho Markets Americas LLC purchased a new position in Allstate in the fourth quarter valued at $52,042,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

ALL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Piper Sandler increased their price objective on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. BMO Capital Markets boosted their price target on shares of Allstate from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Barclays assumed coverage on Allstate in a research report on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 price objective for the company. Finally, The Goldman Sachs Group lifted their price target on shares of Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

Allstate Stock Up 1.2 %

Shares of Allstate stock opened at $188.30 on Friday. The Allstate Co. has a 12 month low of $108.16 and a 12 month high of $191.33. The business has a fifty day simple moving average of $176.43 and a 200 day simple moving average of $169.04. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. The stock has a market cap of $49.72 billion, a PE ratio of 41.57, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $0.33 by $1.28. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.04 billion. During the same quarter in the previous year, the business posted ($4.42) EPS. Allstate’s revenue for the quarter was up 12.4% on a year-over-year basis. Research analysts predict that The Allstate Co. will post 15.16 EPS for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.95%. The ex-dividend date is Friday, August 30th. Allstate’s payout ratio is 81.24%.

Insider Activity at Allstate

In other news, EVP Robert Toohey sold 16,682 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the completion of the transaction, the executive vice president now directly owns 4,873 shares in the company, valued at approximately $877,968.41. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Suren Gupta sold 45,775 shares of Allstate stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $177.28, for a total value of $8,114,992.00. Following the completion of the transaction, the insider now owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert Toohey sold 16,682 shares of Allstate stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $180.17, for a total value of $3,005,595.94. Following the transaction, the executive vice president now owns 4,873 shares of the company’s stock, valued at $877,968.41. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,938 shares of company stock valued at $36,122,740. Corporate insiders own 1.80% of the company’s stock.

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.