UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $359.63 Million Stake in The Allstate Co. (NYSE:ALL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in The Allstate Co. (NYSE:ALL) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,896,270 shares of the insurance provider’s stock after selling 175,114 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.72% of Allstate worth $359,628,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. BDF Gestion acquired a new position in Allstate in the second quarter valued at about $3,051,000. OFI Invest Asset Management acquired a new position in Allstate during the second quarter valued at approximately $476,000. Diversified Trust Co lifted its position in shares of Allstate by 505.3% during the 2nd quarter. Diversified Trust Co now owns 7,923 shares of the insurance provider’s stock worth $1,265,000 after buying an additional 6,614 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of 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 purchasing an additional 50,780 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in shares of Allstate by 38.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock valued at $2,067,000 after acquiring an additional 2,888 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Insider Transactions at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated 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 completion of the transaction, the insider now directly owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. The trade was a 57.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

ALL has been the topic of several research analyst reports. Roth Mkm reissued a “buy” rating and set a $200.00 target price on shares of Allstate in a research note on Wednesday, August 14th. TD Cowen boosted their price target on shares of Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Jefferies Financial Group lifted their price objective on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. BMO Capital Markets upped their price target on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Bank of America raised their price target 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 issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $217.19.

Allstate Stock Up 0.2 %

NYSE:ALL opened at $208.20 on Friday. 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’s 50-day moving average price is $192.69 and its 200-day moving average price is $178.77. The company has a market capitalization of $55.13 billion, a PE ratio of 13.48, a P/E/G ratio of 1.80 and a beta of 0.48. The Allstate Co. has a 1-year low of $134.17 and a 1-year high of $209.88.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. The business had revenue of $16.63 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 earnings per share. On average, equities analysts predict 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. 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 1.77%. Allstate’s payout ratio is presently 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.