SYM FINANCIAL Corp Takes $220,000 Position in The Allstate Co. (NYSE:ALL)

SYM FINANCIAL Corp purchased a new position in shares of The Allstate Co. (NYSE:ALL) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,161 shares of the insurance provider’s stock, valued at approximately $220,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. OFI Invest Asset Management acquired a new position in shares of Allstate during the second quarter worth approximately $476,000. Eagle Asset Management Inc. lifted its holdings in Allstate by 38.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock worth $2,067,000 after buying an additional 2,888 shares in the last quarter. Bank of Montreal Can boosted its position in Allstate by 1.7% in the 3rd quarter. Bank of Montreal Can now owns 683,574 shares of the insurance provider’s stock valued at $128,758,000 after buying an additional 11,195 shares during the last quarter. Diversified Trust Co raised its position in shares of Allstate by 505.3% during the second quarter. Diversified Trust Co now owns 7,923 shares of the insurance provider’s stock worth $1,265,000 after acquiring an additional 6,614 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Allstate by 3.3% during the second quarter. Hsbc Holdings PLC now owns 1,007,953 shares of the insurance provider’s stock worth $160,948,000 after acquiring an additional 31,789 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Insider Transactions at Allstate

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

Analyst Ratings Changes

Several brokerages have weighed in on ALL. JPMorgan Chase & Co. boosted their price objective on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Evercore ISI boosted their price target on shares of Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Bank of America raised their price objective on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Jefferies Financial Group upped their target price on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Piper Sandler raised their price target on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $217.19.

Allstate Trading Down 0.4 %

ALL opened at $204.23 on Friday. The firm’s fifty day simple moving average is $194.09 and its 200 day simple moving average is $180.03. The stock has a market capitalization of $54.08 billion, a P/E ratio of 13.23, a P/E/G ratio of 1.79 and a beta of 0.50. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The Allstate Co. has a 12 month low of $134.17 and a 12 month high of $209.88.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 earnings per share. As a group, research analysts anticipate that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.80%. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

Allstate Company 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.