Hantz Financial Services Inc. Sells 32,392 Shares of The Allstate Co. (NYSE:ALL)

Hantz Financial Services Inc. decreased its holdings in shares of The Allstate Co. (NYSE:ALL) by 47.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,006 shares of the insurance provider’s stock after selling 32,392 shares during the period. Hantz Financial Services Inc.’s holdings in Allstate were worth $6,829,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Castle Hook Partners LP bought a new position in shares of Allstate during the third quarter valued at approximately $11,148,000. Public Sector Pension Investment Board increased its stake in shares of Allstate by 2.9% during the third quarter. Public Sector Pension Investment Board now owns 46,056 shares of the insurance provider’s stock valued at $8,735,000 after purchasing an additional 1,300 shares in the last quarter. Fiduciary Trust Co increased its stake in shares of Allstate by 3.0% during the third quarter. Fiduciary Trust Co now owns 14,588 shares of the insurance provider’s stock valued at $2,767,000 after purchasing an additional 423 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Allstate by 8.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 119,760 shares of the insurance provider’s stock valued at $22,712,000 after purchasing an additional 9,262 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its stake in shares of Allstate by 10.9% during the third quarter. CreativeOne Wealth LLC now owns 6,286 shares of the insurance provider’s stock valued at $1,192,000 after purchasing an additional 620 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Raymond James raised their price target 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. Roth Mkm reissued a “buy” rating and set a $200.00 price target on shares of Allstate in a research report on Wednesday, August 14th. StockNews.com downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. raised their price target on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, UBS Group raised their price target on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.19.

Insider Activity

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 transaction of $6,959,916.46. Following the sale, the insider now directly owns 27,364 shares in the company, valued at $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 is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Allstate Trading Down 0.4 %

Shares of Allstate stock opened at $207.39 on Friday. The company’s fifty day simple moving average is $193.02 and its 200-day simple moving average is $179.03. The stock has a market capitalization of $54.92 billion, a PE ratio of 13.43, a P/E/G ratio of 1.83 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. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

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 business had revenue of $16.63 billion for 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 company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 EPS. As a group, equities analysts anticipate that The Allstate Co. will post 16.26 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently disclosed 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 1.77%. Allstate’s payout ratio is 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.