The Allstate Co. (NYSE:ALL) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of The Allstate Co. (NYSE:ALL) by 39.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,986 shares of the insurance provider’s stock after purchasing an additional 1,129 shares during the quarter. GAMMA Investing LLC’s holdings in Allstate were worth $756,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in shares of Allstate in the first quarter worth about $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate in the first quarter worth about $26,000. Versant Capital Management Inc lifted its stake 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 worth $30,000 after acquiring an additional 78 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Allstate in the second quarter worth about $38,000. Finally, MCF Advisors LLC lifted its stake in shares of 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 acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ALL. Barclays began coverage on Allstate in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 price target on the stock. Wells Fargo & Company cut their price target on Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. Raymond James boosted their price objective on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. Roth Mkm reissued a “buy” rating and issued a $200.00 price objective on shares of Allstate in a report on Wednesday, August 14th. Finally, Keefe, Bruyette & Woods boosted their price objective on Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Allstate has an average rating of “Moderate Buy” and a consensus price target of $195.12.

Allstate Stock Up 0.9 %

NYSE:ALL opened at $182.87 on Wednesday. The firm has a market capitalization of $48.26 billion, a PE ratio of 40.37, a price-to-earnings-growth ratio of 1.81 and a beta of 0.48. The stock has a 50 day moving average of $183.42 and a 200-day moving average of $172.59. The Allstate Co. has a 52 week low of $112.42 and a 52 week high of $193.97. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49.

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

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, August 30th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Friday, August 30th. Allstate’s dividend payout ratio (DPR) is 81.24%.

Insider Buying and Selling

In related news, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at $15,880,915.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at $15,880,915.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John E. Dugenske sold 36,367 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the transaction, the insider now directly owns 27,364 shares of the company’s stock, valued at $5,236,922.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 238,305 shares of company stock valued at $43,082,657 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

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.