The Allstate Co. (NYSE:ALL) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC raised its stake in shares of The Allstate Co. (NYSE:ALL) by 6.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,294 shares of the insurance provider’s stock after acquiring an additional 278 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Allstate were worth $814,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Northwest Investment Counselors LLC purchased a new position in Allstate in the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate during the third quarter valued at approximately $29,000. Versant Capital Management Inc lifted its position in shares of Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 78 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Allstate in the second quarter worth approximately $38,000. Finally, MCF Advisors LLC increased its position in shares of Allstate by 33.9% during the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Activity at Allstate

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

Allstate Price Performance

Shares of ALL opened at $196.59 on Wednesday. The firm has a 50-day simple moving average of $190.50 and a two-hundred day simple moving average of $177.22. The stock has a market cap of $52.06 billion, a PE ratio of 12.73, a P/E/G ratio of 1.76 and a beta of 0.48. The Allstate Co. has a 1-year low of $132.74 and a 1-year high of $201.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, analysts forecast that The Allstate Co. will post 16.01 EPS for the current year.

Allstate Announces Dividend

The company 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 dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, November 29th. Allstate’s payout ratio is 23.83%.

Analyst Ratings Changes

A number of brokerages have weighed in on ALL. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. The Goldman Sachs Group raised their price target on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Evercore ISI upped their price objective on shares of Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. Roth Mkm reissued a “buy” rating and issued a $200.00 target price on shares of Allstate in a research note on Wednesday, August 14th. Finally, UBS Group boosted their target price on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $214.19.

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.