The Allstate Co. (NYSE:ALL) Stock Holdings Raised by Cerity Partners LLC

Cerity Partners LLC lifted its stake in shares of The Allstate Co. (NYSE:ALL) by 29.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,549 shares of the insurance provider’s stock after purchasing an additional 9,336 shares during the period. Cerity Partners LLC’s holdings in Allstate were worth $7,694,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in Allstate during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC bought a new position in Allstate during the third quarter worth $29,000. Versant Capital Management Inc boosted 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 purchasing an additional 78 shares during the period. Family Firm Inc. bought a new stake in Allstate during the second quarter valued at $38,000. Finally, MCF Advisors LLC lifted its position in shares of Allstate by 33.9% in the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after buying an additional 84 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Up 0.2 %

ALL opened at $208.19 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $55.13 billion, a PE ratio of 13.48, a P/E/G ratio of 1.80 and a beta of 0.48. The stock’s fifty day moving average is $192.34 and its 200-day moving average is $178.57. The Allstate Co. has a one year low of $134.17 and a one year high of $209.88.

Allstate (NYSE:ALL) last posted its quarterly earnings data 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 company had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same quarter last year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities analysts predict that The Allstate Co. will post 16.07 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be given a dividend of $0.92 per share. 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 1.77%. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

Analyst Ratings Changes

ALL has been the topic of several research reports. The Goldman Sachs Group increased their price objective 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. Wells Fargo & Company increased their price target on Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods boosted their price objective on Allstate from $222.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Piper Sandler increased their target price on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Evercore ISI boosted their price target on shares of Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. One equities 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $217.19.

Insider Transactions at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 27,364 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

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.