The Allstate Co. (NYSE:ALL) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC grew its holdings in shares of The Allstate Co. (NYSE:ALL) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,500 shares of the insurance provider’s stock after purchasing an additional 103 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Allstate were worth $664,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dorsey & Whitney Trust CO LLC boosted its position in shares of Allstate by 20.3% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 2,017 shares of the insurance provider’s stock valued at $349,000 after acquiring an additional 340 shares during the last quarter. Pinkerton Retirement Specialists LLC acquired a new position in shares of Allstate during the 1st quarter valued at about $217,000. Nicolet Advisory Services LLC boosted its position in shares of Allstate by 8.0% during the 1st quarter. Nicolet Advisory Services LLC now owns 3,661 shares of the insurance provider’s stock valued at $616,000 after acquiring an additional 272 shares during the last quarter. Spirepoint Private Client LLC acquired a new position in shares of Allstate during the 1st quarter valued at about $346,000. Finally, Acadian Asset Management LLC boosted its position in shares of Allstate by 154.2% during the 1st quarter. Acadian Asset Management LLC now owns 10,564 shares of the insurance provider’s stock valued at $1,825,000 after acquiring an additional 6,409 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Allstate from $222.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Piper Sandler boosted their price objective on shares of Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a report on Friday, August 16th. The Goldman Sachs Group boosted their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday. Roth Mkm restated a “buy” rating and issued a $200.00 price objective on shares of Allstate in a report on Wednesday, August 14th. Finally, Jefferies Financial Group boosted their price objective on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $214.19.

Insider Transactions at Allstate

In related news, CEO Thomas J. Wilson sold 90,000 shares of the company’s 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 50.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 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 57.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,049 shares of company stock valued at $26,106,112. 1.80% of the stock is currently owned by corporate insiders.

Allstate Stock Up 0.6 %

Shares of NYSE:ALL opened at $196.88 on Friday. The Allstate Co. has a 1 year low of $131.65 and a 1 year high of $201.00. The firm has a market capitalization of $52.13 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The firm’s 50-day moving average is $189.79 and its two-hundred day moving average is $176.53.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the company posted $0.81 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Analysts predict that The Allstate Co. will post 16.07 EPS for the current year.

Allstate Dividend Announcement

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. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, November 29th. Allstate’s dividend payout ratio is presently 23.83%.

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.