Bank of Montreal Can Purchases 11,195 Shares of The Allstate Co. (NYSE:ALL)

Bank of Montreal Can boosted its stake in The Allstate Co. (NYSE:ALL) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 683,574 shares of the insurance provider’s stock after buying an additional 11,195 shares during the quarter. Bank of Montreal Can’s holdings in Allstate were worth $128,758,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ALL. Brown Brothers Harriman & Co. grew its stake in shares of Allstate by 250.4% during the third quarter. Brown Brothers Harriman & Co. now owns 4,121 shares of the insurance provider’s stock valued at $782,000 after purchasing an additional 2,945 shares during the last quarter. Independent Advisor Alliance lifted its stake in shares of Allstate by 227.4% during the third quarter. Independent Advisor Alliance now owns 20,498 shares of the insurance provider’s stock valued at $3,888,000 after acquiring an additional 14,237 shares during the period. Harvest Fund Management Co. Ltd boosted its holdings in Allstate by 66.8% in the third quarter. Harvest Fund Management Co. Ltd now owns 4,572 shares of the insurance provider’s stock valued at $867,000 after acquiring an additional 1,831 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Allstate by 52.1% in the third quarter. Daiwa Securities Group Inc. now owns 55,249 shares of the insurance provider’s stock worth $10,478,000 after purchasing an additional 18,930 shares during the period. Finally, Summit Trail Advisors LLC lifted its position in Allstate by 6.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 19,573 shares of the insurance provider’s stock valued at $3,730,000 after purchasing an additional 1,245 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ALL. Morgan Stanley increased their price objective on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report 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. StockNews.com lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 target price on shares of Allstate in a research note on Wednesday, August 14th. Finally, UBS Group lifted their price target on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $214.19.

Insider Activity at Allstate

In other 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 transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.80% of the stock is owned by insiders.

Allstate Stock Performance

Shares of Allstate stock opened at $202.14 on Tuesday. 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 firm has a market cap of $53.53 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 1.81 and a beta of 0.48. The Allstate Co. has a one year low of $134.17 and a one year high of $205.35. The stock’s 50-day moving average is $191.64 and its 200-day moving average is $178.11.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 EPS. Equities analysts predict that The Allstate Co. will post 16.07 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 29th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.82%. The ex-dividend date is Friday, November 29th. Allstate’s payout ratio is 23.83%.

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.