The Allstate Co. (NYSE:ALL) Shares Sold by Bailard Inc.

Bailard Inc. reduced its stake in shares of The Allstate Co. (NYSE:ALL) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,008 shares of the insurance provider’s stock after selling 117 shares during the quarter. Bailard Inc.’s holdings in Allstate were worth $4,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALL. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in Allstate during the fourth quarter worth about $284,000. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Allstate by 6.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,309 shares of the insurance provider’s stock valued at $883,000 after purchasing an additional 386 shares during the last quarter. Syon Capital LLC grew its position in shares of Allstate by 5.4% in the fourth quarter. Syon Capital LLC now owns 2,033 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 105 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of Allstate in the fourth quarter valued at approximately $245,000. Finally, Matrix Trust Co grew its position in shares of Allstate by 0.7% in the fourth quarter. Matrix Trust Co now owns 15,656 shares of the insurance provider’s stock valued at $2,192,000 after purchasing an additional 103 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on ALL shares. Morgan Stanley lowered their price target on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Bank of America increased their price target on shares of Allstate from $213.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Roth Mkm reiterated a “buy” rating and issued a $200.00 price target on shares of Allstate in a research report on Wednesday, August 14th. JPMorgan Chase & Co. increased their price target on shares of Allstate from $193.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, BMO Capital Markets raised their target price on shares of Allstate from $191.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $191.94.

Insider Activity

In other news, insider Suren Gupta sold 45,775 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $177.28, for a total value of $8,114,992.00. Following the transaction, the insider now owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, the chief executive officer now owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Suren Gupta sold 45,775 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the sale, the insider now directly owns 89,930 shares of the company’s stock, valued at $15,942,790.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 201,938 shares of company stock valued at $36,122,740. Company insiders own 1.80% of the company’s stock.

Allstate Stock Performance

NYSE:ALL opened at $183.11 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. The company has a market cap of $48.33 billion, a P/E ratio of 40.42, a P/E/G ratio of 1.86 and a beta of 0.48. The Allstate Co. has a fifty-two week low of $104.70 and a fifty-two week high of $184.30. The firm’s 50 day moving average is $168.89 and its two-hundred day moving average is $166.52.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28. The company had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. Allstate’s revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted ($4.42) earnings per share. Analysts expect that The Allstate Co. will post 13.64 EPS for the current year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, August 30th. Allstate’s dividend payout ratio is presently 81.24%.

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.