L & S Advisors Inc Purchases 1,219 Shares of The Allstate Co. (NYSE:ALL)

L & S Advisors Inc increased its stake in The Allstate Co. (NYSE:ALL) by 8.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,745 shares of the insurance provider’s stock after purchasing an additional 1,219 shares during the quarter. L & S Advisors Inc’s holdings in Allstate were worth $2,986,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in Allstate in the 3rd quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new stake in Allstate in the 3rd quarter worth $29,000. Versant Capital Management Inc increased its stake in Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after buying an additional 78 shares in the last quarter. Family Firm Inc. purchased a new stake in Allstate in the 2nd quarter worth $38,000. Finally, MCF Advisors LLC increased its stake in Allstate by 33.9% in the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after buying an additional 84 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Roth Mkm restated a “buy” rating and set a $200.00 price objective on shares of Allstate in a research report on Wednesday, August 14th. BMO Capital Markets raised their price objective on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. UBS Group raised their price objective on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, TD Cowen raised their price objective on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. 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 issued a strong buy rating to the company. Based on data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and a consensus target price of $214.19.

Allstate Stock Up 0.4 %

Shares of NYSE ALL opened at $197.29 on Thursday. 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 $52.24 billion, a P/E ratio of 12.78, a PEG ratio of 1.75 and a beta of 0.48. The Allstate Co. has a 1 year low of $134.17 and a 1 year high of $201.00. The firm has a 50-day simple moving average of $190.76 and a two-hundred day simple moving average of $177.36.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (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 company had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. Allstate’s revenue was up 14.7% compared to the same quarter last year. Research analysts anticipate that The Allstate Co. will post 16.01 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be issued 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 yield of 1.87%. Allstate’s dividend payout ratio is currently 23.83%.

Insider Activity

In other news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction on Friday, September 20th. The stock was 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 in the company, valued at approximately $5,236,922.32. This represents a 57.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

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.