Claro Advisors LLC Buys Shares of 1,166 The Allstate Co. (NYSE:ALL)

Claro Advisors LLC purchased a new position in shares of The Allstate Co. (NYSE:ALL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,166 shares of the insurance provider’s stock, valued at approximately $221,000.

Several other hedge funds have also made changes to their positions in the stock. BDF Gestion acquired a new stake in shares of Allstate in the 2nd quarter worth about $3,051,000. OFI Invest Asset Management bought a new stake in shares of Allstate during the second quarter valued at approximately $476,000. Cetera Investment Advisers boosted its position in shares of Allstate by 351.6% during the first quarter. Cetera Investment Advisers now owns 65,221 shares of the insurance provider’s stock worth $11,284,000 after buying an additional 50,780 shares during the period. Diversified Trust Co boosted its position in shares of Allstate by 505.3% during the second quarter. Diversified Trust Co now owns 7,923 shares of the insurance provider’s stock worth $1,265,000 after buying an additional 6,614 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in Allstate by 97.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 271,464 shares of the insurance provider’s stock worth $46,966,000 after buying an additional 134,028 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

ALL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Barclays raised their target price on shares of Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods upped their price target on shares of Allstate from $222.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Piper Sandler raised their price objective on shares of Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, The Goldman Sachs Group upped their target price on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $214.19.

Insider Buying and Selling

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction that occurred on 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Allstate Stock Down 1.7 %

Allstate stock opened at $196.59 on Wednesday. The Allstate Co. has a twelve month low of $132.74 and a twelve month high of $201.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $52.06 billion, a PE ratio of 12.73, a P/E/G ratio of 1.76 and a beta of 0.48. The firm’s 50 day moving average price is $190.50 and its two-hundred day moving average price is $177.22.

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, topping analysts’ consensus estimates of $2.20 by $1.71. The business had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Allstate’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 earnings per share. On average, research analysts predict that The Allstate Co. will post 16.01 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.87%. Allstate’s dividend payout ratio is 23.83%.

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.