The Allstate Co. (NYSE:ALL) Holdings Cut by Martingale Asset Management L P

Martingale Asset Management L P lowered its holdings in The Allstate Co. (NYSE:ALL) by 10.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,777 shares of the insurance provider’s stock after selling 18,511 shares during the period. Martingale Asset Management L P owned about 0.06% of Allstate worth $28,595,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in Allstate in the third quarter worth about $28,000. Catalyst Capital Advisors LLC bought a new position in Allstate in the third quarter worth about $29,000. Versant Capital Management Inc lifted its holdings in Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 78 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Allstate in the second quarter valued at approximately $38,000. Finally, MCF Advisors LLC increased its stake in shares of Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 84 shares during the period. Institutional investors own 76.47% of the company’s stock.

Analysts Set New Price Targets

ALL has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Allstate from $222.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company lifted their price target on shares of Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Raymond James lifted their price target on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $217.19.

Allstate Stock Performance

Shares of ALL opened at $208.20 on Friday. The company has a market capitalization of $55.13 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.80 and a beta of 0.48. The Allstate Co. has a one year low of $134.17 and a one year high of $209.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The company’s fifty day moving average price is $192.69 and its 200 day moving average price is $178.77.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter last year, the firm posted $0.81 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, analysts expect that The Allstate Co. will post 16.07 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 29th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Friday, November 29th. Allstate’s payout ratio is presently 23.83%.

Insider Activity at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the sale, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 57.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Allstate Profile

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.