The Allstate Corporation $ALL Position Boosted by Groupe la Francaise

Groupe la Francaise lifted its holdings in The Allstate Corporation (NYSE:ALL) by 18.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,607 shares of the insurance provider’s stock after purchasing an additional 3,106 shares during the period. Groupe la Francaise’s holdings in Allstate were worth $3,930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its position in Allstate by 9.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 438,313 shares of the insurance provider’s stock worth $88,237,000 after buying an additional 36,751 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of Allstate by 2.1% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 19,471 shares of the insurance provider’s stock worth $3,920,000 after acquiring an additional 400 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Allstate by 5.5% in the 2nd quarter. Fisher Asset Management LLC now owns 2,998 shares of the insurance provider’s stock worth $604,000 after acquiring an additional 155 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of Allstate by 76.7% during the second quarter. Panagora Asset Management Inc. now owns 426,595 shares of the insurance provider’s stock worth $85,878,000 after purchasing an additional 185,216 shares during the period. Finally, Greenwich Wealth Management LLC lifted its holdings in shares of Allstate by 11.1% during the second quarter. Greenwich Wealth Management LLC now owns 2,172 shares of the insurance provider’s stock valued at $437,000 after purchasing an additional 217 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ALL shares. Wolfe Research upgraded Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. BMO Capital Markets lifted their target price on shares of Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. boosted their price target on shares of Allstate from $254.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Allstate has an average rating of “Moderate Buy” and a consensus price target of $237.92.

Allstate Stock Performance

ALL stock opened at $208.64 on Thursday. The firm has a 50 day simple moving average of $204.77 and a 200 day simple moving average of $202.52. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $215.89. The stock has a market cap of $54.60 billion, a P/E ratio of 6.75, a P/E/G ratio of 0.39 and a beta of 0.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.43 and a current ratio of 0.43.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, beating the consensus estimate of $5.48 by $5.69. Allstate had a net margin of 12.53% and a return on equity of 35.42%. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the prior year, the business earned $3.91 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Research analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, December 1st. Allstate’s dividend payout ratio (DPR) is currently 12.95%.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 3,786 shares of the business’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $215.13, for a total value of $814,482.18. Following the transaction, the insider owned 100,646 shares in the company, valued at $21,651,973.98. The trade was a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 28,807 shares of company stock worth $6,198,726 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

About Allstate

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.