The Allstate Co. (NYSE:ALL) Shares Bought by Caprock Group LLC

Caprock Group LLC lifted its stake in shares of The Allstate Co. (NYSE:ALL) by 2.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 13,568 shares of the insurance provider’s stock after purchasing an additional 318 shares during the quarter. Caprock Group LLC’s holdings in Allstate were worth $2,585,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ALL. Northwest Investment Counselors LLC acquired a new position in Allstate during the third quarter worth $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate during the 3rd quarter valued at about $29,000. Versant Capital Management Inc grew its holdings in shares of Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 78 shares during the period. Family Firm Inc. acquired a new stake in Allstate during the second quarter worth about $38,000. Finally, MCF Advisors LLC raised its stake 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 purchasing an additional 84 shares during the period. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays increased their price target on shares of Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Morgan Stanley raised their target price on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Bank of America upped their price target on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 18th. The Goldman Sachs Group raised their price objective on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Raymond James upped their target price on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Friday, October 4th. One 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $214.19.

Allstate Stock Performance

NYSE:ALL opened at $196.59 on Wednesday. The Allstate Co. has a 52 week low of $132.74 and a 52 week high of $201.00. The company has a fifty day simple moving average of $190.50 and a two-hundred day simple moving average of $177.22. 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 $52.06 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 1.76 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 the consensus estimate of $2.20 by $1.71. The company had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Allstate’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 EPS. As a group, equities analysts anticipate that The Allstate Co. will post 16.01 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 29th will be paid a $0.92 dividend. 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 1.87%. Allstate’s dividend payout ratio is currently 23.83%.

Insiders Place Their Bets

In other news, insider John E. Dugenske sold 36,367 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the sale, the insider now directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 57.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.

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.