The Allstate Corporation $ALL Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its position in shares of The Allstate Corporation (NYSE:ALL) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,079 shares of the insurance provider’s stock after selling 6,077 shares during the period. Commonwealth Equity Services LLC’s holdings in Allstate were worth $19,336,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ALL. Vanguard Group Inc. boosted its position in shares of Allstate by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock worth $6,690,584,000 after acquiring an additional 435,145 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Allstate by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 6,714,629 shares of the insurance provider’s stock worth $1,345,961,000 after acquiring an additional 79,366 shares in the last quarter. Franklin Resources Inc. lifted its stake in Allstate by 2.5% during the second quarter. Franklin Resources Inc. now owns 4,670,113 shares of the insurance provider’s stock worth $940,140,000 after purchasing an additional 112,858 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Allstate by 3.3% in the second quarter. Raymond James Financial Inc. now owns 2,793,645 shares of the insurance provider’s stock valued at $562,388,000 after purchasing an additional 88,620 shares in the last quarter. Finally, Boston Partners boosted its holdings in Allstate by 7.0% in the second quarter. Boston Partners now owns 2,655,585 shares of the insurance provider’s stock valued at $535,078,000 after purchasing an additional 172,931 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 0.6%

ALL opened at $212.34 on Friday. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $215.89. The business has a 50 day moving average price of $207.34 and a two-hundred day moving average price of $203.27. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.32. The company has a market cap of $55.56 billion, a PE ratio of 6.87, a P/E/G ratio of 0.47 and a beta of 0.24.

Allstate (NYSE:ALL) last announced its earnings results 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 return on equity of 35.42% and a net margin of 12.53%.The company had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same period last year, the business posted $3.91 EPS. The company’s revenue was up 3.8% on a year-over-year basis. As a group, research analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were given a dividend of $1.00 per share. The ex-dividend date was Monday, December 1st. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. Allstate’s dividend payout ratio is presently 12.95%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ALL shares. Morgan Stanley reissued an “equal weight” rating and set a $215.00 price objective (down previously from $245.00) on shares of Allstate in a report on Tuesday, December 16th. Zacks Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 19th. BMO Capital Markets boosted their price target on shares of Allstate from $235.00 to $244.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Wells Fargo & Company upped their price objective on shares of Allstate from $202.00 to $216.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. lifted their target price on Allstate from $254.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $236.00.

Insider Activity at Allstate

In other news, insider Suren Gupta sold 19,593 shares of Allstate stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total value of $4,114,530.00. Following the sale, the insider owned 100,646 shares of the company’s stock, valued at $21,135,660. The trade was a 16.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 48,400 shares of company stock valued at $10,313,256. 1.70% of the stock is currently owned by company insiders.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.