SageView Advisory Group LLC Buys 299 Shares of The Allstate Co. (NYSE:ALL)

SageView Advisory Group LLC lifted its stake in The Allstate Co. (NYSE:ALL) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,103 shares of the insurance provider’s stock after acquiring an additional 299 shares during the period. SageView Advisory Group LLC’s holdings in Allstate were worth $968,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ALL. Quantinno Capital Management LP lifted its position in shares of Allstate by 12.5% during the third quarter. Quantinno Capital Management LP now owns 61,530 shares of the insurance provider’s stock valued at $11,669,000 after buying an additional 6,835 shares during the last quarter. Quarry LP boosted its stake in Allstate by 28.7% in the third quarter. Quarry LP now owns 2,760 shares of the insurance provider’s stock valued at $523,000 after acquiring an additional 616 shares in the last quarter. Royal London Asset Management Ltd. grew its holdings in Allstate by 2.6% in the third quarter. Royal London Asset Management Ltd. now owns 113,448 shares of the insurance provider’s stock worth $21,515,000 after purchasing an additional 2,843 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Allstate during the third quarter worth $16,116,000. Finally, Prana Capital Management LP boosted its position in shares of Allstate by 539.9% in the 3rd quarter. Prana Capital Management LP now owns 273,655 shares of the insurance provider’s stock worth $51,899,000 after purchasing an additional 230,893 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Trading Down 0.4 %

Shares of NYSE:ALL opened at $204.23 on Friday. The company has a market capitalization of $54.08 billion, a PE ratio of 13.23, a PEG ratio of 1.79 and a beta of 0.50. The Allstate Co. has a 12-month low of $134.17 and a 12-month high of $209.88. The business has a 50 day moving average of $194.09 and a two-hundred day moving average of $180.03. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

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

Allstate Announces Dividend

The firm 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 $0.92 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.80%. Allstate’s payout ratio is 23.83%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ALL shares. BMO Capital Markets upped their target price on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Bank of America increased their price objective 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. TD Cowen boosted their target price 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. Keefe, Bruyette & Woods lifted their price objective 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. Finally, Jefferies Financial Group upped their target price 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and a consensus target price of $217.19.

Insiders Place Their Bets

In other news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 27,364 shares in the company, 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 the SEC website. 1.80% of the stock is currently owned by company insiders.

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.