The Allstate Co. (NYSE:ALL) Shares Purchased by Huntington National Bank

Huntington National Bank grew its stake in shares of The Allstate Co. (NYSE:ALL) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,401 shares of the insurance provider’s stock after acquiring an additional 163 shares during the quarter. Huntington National Bank’s holdings in Allstate were worth $7,662,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BDF Gestion acquired a new position in Allstate during the second quarter worth approximately $3,051,000. OFI Invest Asset Management purchased a new position in shares of Allstate in the 2nd quarter worth $476,000. Cetera Investment Advisers boosted its holdings in Allstate by 351.6% in the first quarter. Cetera Investment Advisers now owns 65,221 shares of the insurance provider’s stock valued at $11,284,000 after acquiring an additional 50,780 shares during the last quarter. Diversified Trust Co grew its position in Allstate by 505.3% during the second quarter. Diversified Trust Co now owns 7,923 shares of the insurance provider’s stock valued at $1,265,000 after acquiring an additional 6,614 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in Allstate by 97.5% during the first quarter. Canada Pension Plan Investment Board now owns 271,464 shares of the insurance provider’s stock worth $46,966,000 after acquiring an additional 134,028 shares during the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ALL. TD Cowen boosted their target price on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Allstate from $222.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Barclays raised their target price on shares of Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price target on shares of Allstate in a research report on Wednesday, August 14th. Finally, UBS Group raised their price objective on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $212.56.

Insider Buying and Selling at Allstate

In other Allstate news, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the completion of the sale, the executive vice president now owns 4,873 shares in the company, valued at $877,968.41. The trade was a 77.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the transaction, the chief executive officer now owns 88,552 shares in the company, valued at approximately $15,880,915.68. The trade was a 50.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,049 shares of company stock worth $26,106,112 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Allstate Stock Performance

Allstate stock opened at $195.85 on Friday. 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 stock has a 50 day moving average of $189.58 and a 200-day moving average of $176.40. The stock has a market cap of $51.86 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.77 and a beta of 0.48. The Allstate Co. has a 52 week low of $130.77 and a 52 week high of $201.00.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. The firm had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. On average, analysts expect that The Allstate Co. will post 16.02 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 29th will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.88%. Allstate’s dividend payout ratio is currently 23.83%.

About Allstate

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.