Mizuho Securities USA LLC Sells 3,231 Shares of The Allstate Co. (NYSE:ALL)

Mizuho Securities USA LLC cut its holdings in shares of The Allstate Co. (NYSE:ALL) by 15.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,122 shares of the insurance provider’s stock after selling 3,231 shares during the quarter. Mizuho Securities USA LLC’s holdings in Allstate were worth $3,247,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BDF Gestion acquired a new position in shares of Allstate in the second quarter valued at $3,051,000. OFI Invest Asset Management bought a new stake in shares of Allstate during the 2nd quarter worth about $476,000. Diversified Trust Co grew its stake in Allstate by 505.3% in the 2nd quarter. Diversified Trust Co now owns 7,923 shares of the insurance provider’s stock valued at $1,265,000 after buying an additional 6,614 shares during the last quarter. Cetera Investment Advisers raised its holdings in Allstate by 351.6% in the 1st quarter. Cetera Investment Advisers now owns 65,221 shares of the insurance provider’s stock valued at $11,284,000 after acquiring an additional 50,780 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in Allstate by 97.5% during the first quarter. Canada Pension Plan Investment Board now owns 271,464 shares of the insurance provider’s stock worth $46,966,000 after acquiring an additional 134,028 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ALL. BMO Capital Markets upped their target price on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Barclays upped their price objective on Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. Bank of America lifted their target price on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. UBS Group upped their price target on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Morgan Stanley lifted their price objective on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $214.19.

Insider Activity

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

Allstate Price Performance

Shares of ALL stock opened at $203.80 on Friday. The business has a fifty day simple moving average of $191.41 and a 200 day simple moving average of $177.77. The company has a market cap of $53.97 billion, a P/E ratio of 13.20, a P/E/G ratio of 1.75 and a beta of 0.48. 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 Allstate Co. has a twelve month low of $134.17 and a twelve month high of $205.35.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The firm had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. On average, sell-side analysts forecast that The Allstate Co. will post 16.01 EPS for the current fiscal year.

Allstate Announces Dividend

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 issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.81%. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

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.