The Allstate Co. (NYSE:ALL) Shares Bought by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. grew its stake in The Allstate Co. (NYSE:ALL) by 6.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,300 shares of the insurance provider’s stock after purchasing an additional 1,000 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Allstate were worth $3,091,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of ALL. Northwest Investment Counselors LLC acquired a new position in Allstate in the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Allstate during the 3rd quarter valued at approximately $29,000. Versant Capital Management Inc lifted its stake 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 purchasing an additional 78 shares during the period. Family Firm Inc. purchased a new stake in Allstate during the second quarter worth $38,000. Finally, MCF Advisors LLC grew its position in Allstate by 33.9% during the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of Allstate 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 sale, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 57.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

Allstate Stock Performance

NYSE ALL opened at $203.80 on Friday. The Allstate Co. has a fifty-two week low of $134.17 and a fifty-two week high of $205.35. The firm has a market capitalization of $53.97 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 1.81 and a beta of 0.48. The stock’s fifty day moving average is $191.41 and its two-hundred day moving average is $177.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40.

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. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period in the previous year, the business posted $0.81 EPS. Allstate’s revenue was up 14.7% on a year-over-year basis. On average, research analysts anticipate that The Allstate Co. will post 16.07 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

Analyst Ratings Changes

A number of brokerages have weighed in on ALL. StockNews.com downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Barclays upped their price target on Allstate from $175.00 to $187.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. TD Cowen raised their price objective on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Wells Fargo & Company upped their target price on Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Raymond James lifted their price target on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average target price of $214.19.

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.