Allstate Corporation (The) (ALL) Holdings Boosted by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in Allstate Corporation (The) (NYSE:ALL) by 7.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 189,560 shares of the insurance provider’s stock after buying an additional 12,919 shares during the quarter. Stifel Financial Corp owned 0.05% of Allstate worth $17,395,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Jackson Grant Investment Advisers Inc. grew its stake in shares of Allstate by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock valued at $108,000 after acquiring an additional 5 shares during the period. Brighton Jones LLC grew its stake in shares of Allstate by 0.3% during the 2nd quarter. Brighton Jones LLC now owns 3,313 shares of the insurance provider’s stock valued at $293,000 after acquiring an additional 10 shares during the period. Sandy Spring Bank grew its stake in shares of Allstate by 2.5% during the 2nd quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock valued at $103,000 after acquiring an additional 28 shares during the period. Ray Gerald L & Associates Ltd. grew its stake in shares of Allstate by 0.4% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 11,947 shares of the insurance provider’s stock valued at $1,057,000 after acquiring an additional 51 shares during the period. Finally, Lee Danner & Bass Inc. grew its stake in shares of Allstate by 0.8% during the 2nd quarter. Lee Danner & Bass Inc. now owns 7,839 shares of the insurance provider’s stock valued at $693,000 after acquiring an additional 65 shares during the period. 76.33% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Susan L. Lees sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $100.49, for a total transaction of $401,960.00. Following the sale, the executive vice president now owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thomas J. Wilson sold 130,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $99.29, for a total value of $12,907,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 432,242 shares of company stock worth $42,827,931 in the last three months. Corporate insiders own 1.58% of the company’s stock.

ALL has been the subject of several recent analyst reports. Barclays upped their price target on Allstate from $101.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Allstate from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. UBS increased their price target on Allstate from $93.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Citigroup reduced their target price on Allstate from $107.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, October 2nd. Finally, Credit Suisse Group increased their target price on Allstate from $91.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Allstate has a consensus rating of “Hold” and a consensus target price of $95.08.

Allstate Corporation (ALL) opened at $102.65 on Thursday. Allstate Corporation has a 12-month low of $70.73 and a 12-month high of $104.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $36,901.66, a price-to-earnings ratio of 15.15, a PEG ratio of 1.98 and a beta of 1.12.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). Allstate had a return on equity of 13.11% and a net margin of 7.32%. The firm had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the previous year, the company posted $1.26 EPS. Allstate’s quarterly revenue was up 3.2% compared to the same quarter last year. research analysts forecast that Allstate Corporation will post 6.23 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 30th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, November 29th. Allstate’s payout ratio is 20.56%.

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Allstate Company Profile

The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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