American Century Companies Inc. Sells 239,155 Shares of The Allstate Corporation $ALL

American Century Companies Inc. trimmed its position in The Allstate Corporation (NYSE:ALL) by 15.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,303,629 shares of the insurance provider’s stock after selling 239,155 shares during the period. American Century Companies Inc. owned approximately 0.50% of Allstate worth $279,824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its position in shares of Allstate by 79.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Barnes Dennig Private Wealth Management LLC raised its stake in Allstate by 112.3% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after buying an additional 73 shares during the last quarter. Clearstead Trust LLC boosted its holdings in Allstate by 3,800.0% in the second quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 152 shares in the last quarter. Armstrong Advisory Group Inc. boosted its holdings in Allstate by 72.0% in the third quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 67 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Allstate during the third quarter worth about $37,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ALL shares. Zacks Research raised shares of Allstate from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Cantor Fitzgerald restated a “neutral” rating and set a $220.00 price target on shares of Allstate in a research note on Thursday, February 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $215.00 price target (down from $245.00) on shares of Allstate in a report on Tuesday, December 16th. Wells Fargo & Company dropped their price objective on shares of Allstate from $228.00 to $227.00 and set an “equal weight” rating on the stock in a report on Friday, February 20th. Finally, Keefe, Bruyette & Woods upped their target price on Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $239.29.

Allstate Stock Up 0.7%

Allstate stock opened at $214.17 on Friday. The business’s 50-day moving average price is $204.23 and its 200 day moving average price is $204.53. The company has a quick ratio of 0.43, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. The firm has a market cap of $55.59 billion, a price-to-earnings ratio of 5.61, a price-to-earnings-growth ratio of 0.45 and a beta of 0.23. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $216.75.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. The business had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $7.67 EPS. As a group, sell-side analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be issued a $1.08 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 dividend on an annualized basis and a yield of 2.0%. Allstate’s dividend payout ratio is presently 10.47%.

Insider Buying and Selling at Allstate

In other news, insider Suren Gupta sold 19,593 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the sale, the insider directly owned 100,646 shares of the company’s stock, valued at $21,135,660. This represents a 16.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.70% of the company’s stock.

Allstate 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.