Commerce Bank Purchases 10,453 Shares of The Allstate Co. (NYSE:ALL)

Commerce Bank boosted its holdings in The Allstate Co. (NYSE:ALL) by 24.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 53,925 shares of the insurance provider’s stock after buying an additional 10,453 shares during the period. Commerce Bank’s holdings in Allstate were worth $10,227,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ALL. Avior Wealth Management LLC boosted its stake in shares of Allstate by 4.9% in the third quarter. Avior Wealth Management LLC now owns 1,329 shares of the insurance provider’s stock worth $252,000 after acquiring an additional 62 shares during the period. Yardley Wealth Management LLC bought a new position in Allstate in the 3rd quarter worth approximately $363,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Allstate in the 3rd quarter worth approximately $6,117,000. Fifth Third Wealth Advisors LLC grew its holdings in Allstate by 10.4% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,674 shares of the insurance provider’s stock valued at $1,076,000 after buying an additional 535 shares in the last quarter. Finally, Prospera Financial Services Inc raised its position in shares of Allstate by 8.8% during the third quarter. Prospera Financial Services Inc now owns 2,389 shares of the insurance provider’s stock valued at $453,000 after buying an additional 194 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. TD Cowen upped their target price on shares of Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Roth Mkm reissued a “buy” rating and set a $200.00 price objective on shares of Allstate in a report on Wednesday, August 14th. Raymond James lifted their target price on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. Barclays increased their price target on Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. One investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $214.19.

Insider Buying and Selling at Allstate

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

Allstate Trading Up 0.4 %

Shares of ALL opened at $197.29 on Thursday. The company’s fifty day simple moving average is $190.76 and its 200-day simple moving average is $177.36. The company has a market cap of $52.24 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.76 and a beta of 0.48. The company has a current ratio of 0.40, a quick 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 $201.00.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the company posted $0.81 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, analysts expect that The Allstate Co. will post 16.01 EPS for the current year.

Allstate Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, November 29th. Allstate’s payout ratio is currently 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.