The Allstate Co. (NYSE:ALL) Position Increased by OneAscent Financial Services LLC

OneAscent Financial Services LLC increased its stake in shares of The Allstate Co. (NYSE:ALL) by 20.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,530 shares of the insurance provider’s stock after acquiring an additional 256 shares during the period. OneAscent Financial Services LLC’s holdings in Allstate were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in ALL. Allspring Global Investments Holdings LLC grew its holdings in Allstate by 18.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock worth $569,114,000 after buying an additional 472,040 shares in the last quarter. Raymond James & Associates grew its stake in shares of Allstate by 10.6% in the third quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock worth $287,851,000 after purchasing an additional 145,986 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Allstate by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider’s stock valued at $229,545,000 after purchasing an additional 47,038 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in Allstate by 18,472.5% in the third quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock worth $199,642,000 after purchasing an additional 1,047,019 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of Allstate by 3.3% in the 2nd quarter. Hsbc Holdings PLC now owns 1,007,953 shares of the insurance provider’s stock worth $160,948,000 after acquiring an additional 31,789 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Price Performance

Shares of NYSE:ALL opened at $196.59 on Wednesday. The company’s fifty day moving average is $190.50 and its two-hundred day moving average is $177.22. The company has a market cap of $52.06 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 1.76 and a beta of 0.48. The Allstate Co. has a 12-month low of $132.74 and a 12-month high of $201.00. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating 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 firm earned $0.81 earnings per share. Allstate’s quarterly revenue was up 14.7% on a year-over-year basis. Equities analysts expect that The Allstate Co. will post 16.01 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently declared 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 dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, November 29th. Allstate’s dividend payout ratio is currently 23.83%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ALL shares. BMO Capital Markets boosted their target price on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Raymond James upped their price objective 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 raised their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. 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 research report on Tuesday, September 3rd. Finally, UBS Group raised their price objective 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Allstate has an average rating of “Moderate Buy” and an average price target of $214.19.

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.