GDS Wealth Management Has $20.83 Million Holdings in The Allstate Corporation $ALL

GDS Wealth Management grew its position in The Allstate Corporation (NYSE:ALL) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,025 shares of the insurance provider’s stock after buying an additional 3,370 shares during the quarter. Allstate makes up approximately 1.4% of GDS Wealth Management’s portfolio, making the stock its 26th largest position. GDS Wealth Management’s holdings in Allstate were worth $20,826,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Allstate by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock worth $6,690,584,000 after purchasing an additional 435,145 shares during the period. Geode Capital Management LLC raised its stake in Allstate by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 6,714,629 shares of the insurance provider’s stock valued at $1,345,961,000 after purchasing an additional 79,366 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Allstate by 2.5% in the second quarter. Franklin Resources Inc. now owns 4,670,113 shares of the insurance provider’s stock valued at $940,140,000 after purchasing an additional 112,858 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of 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 position in shares of Allstate by 7.0% in the second quarter. Boston Partners now owns 2,655,585 shares of the insurance provider’s stock worth $535,078,000 after buying an additional 172,931 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insiders Place Their Bets

In other Allstate news, insider Suren Gupta sold 21,871 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $215.21, for a total value of $4,706,857.91. Following the completion of the sale, the insider owned 100,646 shares of the company’s stock, valued at $21,660,025.66. The trade was a 17.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 48,400 shares of company stock worth $10,313,256 in the last 90 days. 1.70% of the stock is owned by company insiders.

Allstate Trading Down 0.9%

Shares of NYSE ALL opened at $193.54 on Friday. The business has a 50 day simple moving average of $205.96 and a 200 day simple moving average of $203.32. 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 $50.65 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 0.42 and a beta of 0.24. 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 posted its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.48 by $5.69. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a net margin of 12.53% and a return on equity of 35.42%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.91 earnings per share. On average, research analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced 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. This represents a $4.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, December 1st. Allstate’s dividend payout ratio is presently 12.95%.

Wall Street Analyst Weigh In

ALL has been the subject of several research analyst reports. Evercore ISI set a $225.00 price objective on Allstate in a research note on Wednesday, January 7th. Roth Mkm upped their target price on Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. UBS Group increased their price target on shares of Allstate from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. William Blair downgraded shares of Allstate from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 18th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Allstate from $250.00 to $254.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $236.19.

About Allstate

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.