Fifth Third Wealth Advisors LLC Grows Stock Position in The Allstate Co. (NYSE:ALL)

Fifth Third Wealth Advisors LLC increased its holdings in The Allstate Co. (NYSE:ALL) by 10.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,674 shares of the insurance provider’s stock after acquiring an additional 535 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Allstate were worth $1,076,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALL. Allspring Global Investments Holdings LLC raised its stake in Allstate by 18.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock valued at $569,114,000 after buying an additional 472,040 shares in the last quarter. Raymond James & Associates boosted its stake in Allstate by 10.6% in the third quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock valued at $287,851,000 after acquiring an additional 145,986 shares during the period. Dimensional Fund Advisors LP grew its holdings 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 during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Allstate by 18,472.5% in the 3rd 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 last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Allstate by 3.3% during the second 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 last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ALL. Barclays increased their price objective on Allstate from $175.00 to $187.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price target on shares of Allstate in a report on Wednesday, August 14th. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Bank of America upped their price target on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group upped their price target on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One equities 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 stock. According to MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and a consensus price target of $214.19.

Allstate Trading Down 1.7 %

Allstate stock opened at $196.59 on Wednesday. The firm has a 50-day moving average of $190.50 and a 200-day moving average of $177.22. The Allstate Co. has a one year low of $132.74 and a one year high of $201.00. 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 company has a market cap of $52.06 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 1.76 and a beta of 0.48.

Allstate (NYSE:ALL) last posted its earnings results 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 return on equity of 26.67% and a net margin of 6.77%. The business 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 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. On average, equities analysts expect that The Allstate Co. will post 16.01 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.87%. Allstate’s payout ratio is presently 23.83%.

Insider Activity at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the transaction, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 57.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by corporate insiders.

Allstate Company 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.