The Allstate Co. (NYSE:ALL) Shares Sold by 1ST Source Bank

1ST Source Bank lowered its stake in The Allstate Co. (NYSE:ALL) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,088 shares of the insurance provider’s stock after selling 265 shares during the period. 1ST Source Bank’s holdings in Allstate were worth $6,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Miracle Mile Advisors LLC raised its holdings in shares of Allstate by 100.0% in the second quarter. Miracle Mile Advisors LLC now owns 3,194 shares of the insurance provider’s stock valued at $510,000 after buying an additional 1,597 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Allstate by 49.8% in the 2nd quarter. Blue Trust Inc. now owns 1,570 shares of the insurance provider’s stock valued at $272,000 after purchasing an additional 522 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of Allstate by 5.7% in the second quarter. Brookstone Capital Management now owns 6,732 shares of the insurance provider’s stock valued at $1,149,000 after purchasing an additional 364 shares during the period. Everpar Advisors LLC raised its stake in shares of Allstate by 13.4% during the second quarter. Everpar Advisors LLC now owns 2,357 shares of the insurance provider’s stock worth $376,000 after purchasing an additional 278 shares during the last quarter. Finally, Harrell Investment Partners LLC lifted its holdings in shares of Allstate by 2.7% during the second quarter. Harrell Investment Partners LLC now owns 9,063 shares of the insurance provider’s stock worth $1,447,000 after purchasing an additional 236 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Trading Up 1.6 %

NYSE:ALL traded up $3.01 during mid-day trading on Friday, reaching $195.31. The company’s stock had a trading volume of 191,885 shares, compared to its average volume of 1,543,452. 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 cap of $51.72 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.70 and a beta of 0.50. The company’s fifty day simple moving average is $194.84 and its two-hundred day simple moving average is $181.08. The Allstate Co. has a twelve month low of $134.17 and a twelve month high of $209.88.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business earned $0.81 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities analysts predict that The Allstate Co. will post 16.26 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be given a dividend of $0.92 per share. The ex-dividend date is Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.88%. Allstate’s payout ratio is 23.83%.

Wall Street Analysts Forecast Growth

ALL has been the subject of a number of recent analyst reports. 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. StockNews.com downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Evercore ISI increased their target price on shares of Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. TD Cowen boosted their price target on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Bank of America lifted their price objective on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $217.19.

Insider Buying and Selling

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business’s 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 of the company’s stock, valued at $5,236,922.32. The trade was a 57.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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.