Blair William & Co. IL Has $76.32 Million Stock Holdings in The Allstate Corporation $ALL

Blair William & Co. IL decreased its position in The Allstate Corporation (NYSE:ALL) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 355,575 shares of the insurance provider’s stock after selling 23,135 shares during the quarter. Blair William & Co. IL owned 0.14% of Allstate worth $76,324,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. First Trust Advisors LP lifted its holdings in Allstate by 40.1% during the 3rd quarter. First Trust Advisors LP now owns 1,084,520 shares of the insurance provider’s stock valued at $232,792,000 after purchasing an additional 310,522 shares during the last quarter. Advisory Alpha LLC grew its stake in Allstate by 10.5% during the third quarter. Advisory Alpha LLC now owns 1,274 shares of the insurance provider’s stock worth $268,000 after buying an additional 121 shares during the last quarter. IFG Advisory LLC increased its holdings in shares of Allstate by 9.6% during the third quarter. IFG Advisory LLC now owns 13,798 shares of the insurance provider’s stock worth $2,962,000 after buying an additional 1,211 shares in the last quarter. Cambria Investment Management L.P. acquired a new stake in shares of Allstate during the third quarter worth approximately $466,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Allstate by 18.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,606,451 shares of the insurance provider’s stock valued at $559,435,000 after acquiring an additional 401,700 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ALL has been the topic of several recent analyst reports. TD Cowen downgraded Allstate from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Wells Fargo & Company cut their price objective on Allstate from $228.00 to $227.00 and set an “equal weight” rating for the company in a research report on Friday, February 20th. Citigroup boosted their price objective on Allstate from $216.00 to $221.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group restated a “neutral” rating and set a $231.00 target price on shares of Allstate in a report on Thursday. Finally, Roth Mkm raised their target price on Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $238.88.

Insider Activity at Allstate

In related news, insider Suren Gupta sold 19,593 shares of Allstate stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the completion of the sale, the insider directly 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 document filed with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is currently owned by company insiders.

Allstate Trading Up 0.4%

ALL opened at $212.56 on Friday. The firm has a 50 day simple moving average of $204.65 and a 200 day simple moving average of $204.70. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $216.75. The company has a market cap of $55.17 billion, a price-to-earnings ratio of 5.57, a price-to-earnings-growth ratio of 0.44 and a beta of 0.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.37.

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

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be given a $1.08 dividend. The ex-dividend date is Monday, March 2nd. This represents a $4.32 annualized dividend and a dividend yield of 2.0%. This is an increase from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio is 11.31%.

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.