1,296 Shares in The Allstate Co. (NYSE:ALL) Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. bought a new position in shares of The Allstate Co. (NYSE:ALL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,296 shares of the insurance provider’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Premier Path Wealth Partners LLC raised its position in Allstate by 2.5% in the second quarter. Premier Path Wealth Partners LLC now owns 2,457 shares of the insurance provider’s stock worth $392,000 after acquiring an additional 61 shares during the period. Versant Capital Management Inc raised its holdings in shares of Allstate by 70.9% in the 2nd 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. Beacon Capital Management LLC lifted its stake in Allstate by 8.2% in the second quarter. Beacon Capital Management LLC now owns 1,039 shares of the insurance provider’s stock valued at $166,000 after purchasing an additional 79 shares during the last quarter. Lodestone Wealth Management LLC grew its holdings in Allstate by 4.8% during the second quarter. Lodestone Wealth Management LLC now owns 1,738 shares of the insurance provider’s stock valued at $277,000 after purchasing an additional 80 shares during the period. Finally, MCF Advisors LLC increased its position in Allstate by 33.9% in the second 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 owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALL has been the topic of a number of recent research reports. Roth Mkm reiterated a “buy” rating and set a $200.00 price target on shares of Allstate in a research note on Wednesday, August 14th. JPMorgan Chase & Co. increased their target price on shares of Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. The Goldman Sachs Group boosted their price target on shares of Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. TD Cowen raised their price objective on shares of Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, StockNews.com cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Insider Transactions at Allstate

In related news, insider Suren Gupta sold 45,775 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $177.28, for a total value of $8,114,992.00. Following the completion of the sale, the insider now owns 89,930 shares in the company, valued at approximately $15,942,790.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, the chief executive officer now owns 88,552 shares in the company, valued at $15,880,915.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Suren Gupta sold 45,775 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $177.28, for a total value of $8,114,992.00. Following the sale, the insider now owns 89,930 shares of the company’s stock, valued at $15,942,790.40. The disclosure for this sale can be found here. In the last three months, insiders sold 201,938 shares of company stock worth $36,122,740. 1.80% of the stock is currently owned by corporate insiders.

Allstate Stock Up 0.2 %

Shares of NYSE ALL opened at $191.00 on Monday. The business has a 50-day moving average of $179.42 and a 200-day moving average of $170.36. The firm has a market capitalization of $50.41 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 1.74 and a beta of 0.48. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. The Allstate Co. has a 12 month low of $109.01 and a 12 month high of $193.19.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.04 billion. During the same quarter in the prior year, the firm earned ($4.42) EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. Sell-side analysts expect that The Allstate Co. will post 15.16 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio (DPR) is currently 81.24%.

About Allstate

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.