Aptus Capital Advisors LLC Acquires 103 Shares of The Allstate Co. (NYSE:ALL)

Aptus Capital Advisors LLC boosted 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 and Exchange Commission (SEC). The institutional investor owned 3,500 shares of the insurance provider’s stock after acquiring an additional 103 shares during the period. Aptus Capital Advisors LLC’s holdings in Allstate were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in Allstate during the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate in the 3rd quarter valued at about $29,000. Versant Capital Management Inc boosted 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 valued at $30,000 after buying an additional 78 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Allstate in the 2nd quarter valued at about $38,000. Finally, MCF Advisors LLC boosted its holdings in shares of Allstate by 33.9% in the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after buying an additional 84 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Robert Toohey sold 16,682 shares of Allstate stock in a transaction on Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the sale, the executive vice president now owns 4,873 shares of the company’s stock, valued at approximately $877,968.41. This trade represents a 77.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction on Friday, September 20th. The shares were 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 directly owns 27,364 shares in the company, valued at $5,236,922.32. This represents a 57.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,049 shares of company stock valued at $26,106,112 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of recent analyst reports. Bank of America raised their price target on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 18th. TD Cowen raised their price target on shares of Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. BMO Capital Markets raised their price target on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Allstate in a research report on Wednesday, August 14th. Finally, Jefferies Financial Group increased their price objective on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and a consensus target price of $214.19.

Allstate Stock Performance

ALL opened at $196.88 on Friday. The Allstate Co. has a 12-month low of $131.65 and a 12-month high of $201.00. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $52.13 billion, a PE ratio of 12.75, a P/E/G ratio of 1.75 and a beta of 0.48. The firm has a 50 day moving average of $189.79 and a two-hundred day moving average of $176.53.

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

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, November 29th. Allstate’s dividend payout ratio (DPR) is 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.