Everpar Advisors LLC Boosts Position in The Allstate Co. (NYSE:ALL)

Everpar Advisors LLC lifted its position in shares of The Allstate Co. (NYSE:ALL) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,434 shares of the insurance provider’s stock after purchasing an additional 77 shares during the quarter. Everpar Advisors LLC’s holdings in Allstate were worth $462,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ALL. Oppenheimer & Co. Inc. increased its stake in Allstate by 11.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 11,394 shares of the insurance provider’s stock worth $1,595,000 after buying an additional 1,151 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its stake in shares of Allstate by 3.9% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 22,837 shares of the insurance provider’s stock worth $3,197,000 after buying an additional 861 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Allstate during the fourth quarter worth about $81,571,000. Keyes Stange & Wooten Wealth Management LLC purchased a new stake in Allstate during the 4th quarter valued at about $206,000. Finally, Nebula Research & Development LLC acquired a new stake in Allstate in the 4th quarter valued at about $1,511,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ALL shares. JPMorgan Chase & Co. lifted their price objective on Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Barclays assumed coverage on shares of Allstate in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 price target for the company. Raymond James lifted their price target on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Friday. StockNews.com cut Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Finally, BMO Capital Markets upped their price target on Allstate from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.12.

Insiders Place Their Bets

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business’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 completion of the sale, the insider now owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Suren Gupta sold 45,775 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the transaction, the insider now directly owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John E. Dugenske sold 36,367 shares of the firm’s 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 sale, the insider now owns 27,364 shares of the company’s stock, valued at $5,236,922.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 238,305 shares of company stock valued at $43,082,657 over the last quarter. Company insiders own 1.80% of the company’s stock.

Allstate Stock Performance

NYSE:ALL opened at $181.18 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market cap of $47.82 billion, a PE ratio of 40.00, a P/E/G ratio of 1.81 and a beta of 0.48. The firm has a 50 day simple moving average of $183.18 and a 200-day simple moving average of $172.46. The Allstate Co. has a 1-year low of $112.42 and a 1-year high of $193.97.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, beating the consensus estimate of $0.33 by $1.28. The firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.04 billion. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($4.42) earnings per share. On average, equities analysts expect that The Allstate Co. will post 15.2 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, August 30th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.03%. The ex-dividend date was Friday, August 30th. Allstate’s dividend payout ratio (DPR) is 81.24%.

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.