The Allstate Co. (NYSE:ALL) Shares Acquired by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group lifted its holdings in shares of The Allstate Co. (NYSE:ALL) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,582 shares of the insurance provider’s stock after purchasing an additional 95 shares during the period. Rehmann Capital Advisory Group’s holdings in Allstate were worth $300,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Miracle Mile Advisors LLC boosted its stake in shares of Allstate by 100.0% during the 2nd quarter. Miracle Mile Advisors LLC now owns 3,194 shares of the insurance provider’s stock worth $510,000 after purchasing an additional 1,597 shares during the last quarter. Blue Trust Inc. boosted its position in Allstate by 49.8% during the second quarter. Blue Trust Inc. now owns 1,570 shares of the insurance provider’s stock worth $272,000 after acquiring an additional 522 shares during the last quarter. Brookstone Capital Management grew its stake in Allstate by 5.7% in the 2nd quarter. Brookstone Capital Management now owns 6,732 shares of the insurance provider’s stock worth $1,149,000 after acquiring an additional 364 shares during the period. Everpar Advisors LLC raised its holdings in Allstate by 13.4% in the 2nd quarter. Everpar Advisors LLC now owns 2,357 shares of the insurance provider’s stock valued at $376,000 after acquiring an additional 278 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Allstate during the 2nd quarter worth $476,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Trading Up 2.1 %

Shares of ALL opened at $196.25 on Friday. The Allstate Co. has a 12 month low of $134.17 and a 12 month high of $209.88. The stock’s 50-day moving average is $194.95 and its two-hundred day moving average is $181.30. 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 stock has a market cap of $51.97 billion, a PE ratio of 12.71, a P/E/G ratio of 1.70 and a beta of 0.50.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period in the previous year, the company posted $0.81 EPS. Allstate’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities analysts forecast that The Allstate Co. will post 16.26 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be paid a $0.92 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.88%. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

Insider Activity at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the company’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 transaction, the insider now directly owns 27,364 shares of the company’s stock, valued at $5,236,922.32. This represents a 57.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Raymond James lifted their price target on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. The Goldman Sachs Group increased their price objective on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company raised their target price on shares of Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Finally, BMO Capital Markets upped their price target on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Allstate presently has an average rating of “Moderate Buy” and a consensus price target of $217.19.

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.