3,283 Shares in The Allstate Co. (NYSE:ALL) Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC acquired a new stake in The Allstate Co. (NYSE:ALL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,283 shares of the insurance provider’s stock, valued at approximately $623,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Northwest Investment Counselors LLC bought a new position in shares of Allstate in the third quarter worth about $28,000. Catalyst Capital Advisors LLC purchased a new stake in Allstate in the 3rd quarter valued at about $29,000. Versant Capital Management Inc boosted its position in Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after buying an additional 78 shares during the period. Family Firm Inc. bought a new position in Allstate in the 2nd quarter worth about $38,000. Finally, MCF Advisors LLC raised its stake in shares of Allstate by 33.9% during the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

ALL has been the topic of several research analyst reports. The Goldman Sachs Group increased their price objective on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Raymond James raised their price target on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Friday, October 4th. Barclays upped their price objective on shares of Allstate from $175.00 to $187.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. Bank of America raised their target price on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Piper Sandler upped their price target on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.19.

Allstate Stock Up 0.2 %

Allstate stock opened at $208.19 on Thursday. The Allstate Co. has a 1-year low of $134.17 and a 1-year high of $209.88. The business has a fifty day moving average price of $192.34 and a 200-day moving average price of $178.57. 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 $55.13 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.80 and a beta of 0.48.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The business 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 revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 earnings per share. Equities research analysts forecast that The Allstate Co. will post 16.07 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be issued a $0.92 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.77%. Allstate’s dividend payout ratio is currently 23.83%.

Insider Transactions at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of the company’s 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 sale, the insider now owns 27,364 shares in the company, valued at $5,236,922.32. This represents a 57.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.