Mather Group LLC. Increases Holdings in The Allstate Co. (NYSE:ALL)

Mather Group LLC. increased its position in shares of The Allstate Co. (NYSE:ALL) by 45.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,852 shares of the insurance provider’s stock after purchasing an additional 887 shares during the quarter. Mather Group LLC.’s holdings in Allstate were worth $493,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Allstate during the first quarter worth about $25,000. Private Wealth Management Group LLC purchased a new position in shares of Allstate during the 4th quarter valued at approximately $25,000. Rise Advisors LLC acquired a new position in shares of Allstate in the 1st quarter valued at $26,000. Northwest Investment Counselors LLC purchased a new stake in Allstate during the first quarter worth $26,000. Finally, Versant Capital Management Inc grew its position in Allstate by 70.9% during the second 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 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 Suren Gupta sold 45,775 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the sale, the insider now owns 89,930 shares of the company’s stock, valued at $15,942,790.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ALL shares. JPMorgan Chase & Co. upped their price objective on shares of Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Roth Mkm raised their price target on shares of Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, April 8th. BMO Capital Markets lifted their price objective on Allstate from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday. Wells Fargo & Company increased their target price on Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a report on Friday, May 10th. Finally, Evercore ISI lifted their price target on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and a consensus price target of $184.06.

Allstate Stock Performance

Shares of NYSE ALL traded up $0.77 during trading hours on Tuesday, reaching $169.79. The stock had a trading volume of 2,326,718 shares, compared to its average volume of 1,580,074. The firm has a market cap of $44.83 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 1.86 and a beta of 0.48. The Allstate Co. has a fifty-two week low of $104.29 and a fifty-two week high of $180.87. The firm has a 50-day moving average of $164.76 and a 200-day moving average of $164.45. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.04 billion. During the same quarter in the prior year, the business earned ($4.42) EPS. Allstate’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts predict that The Allstate Co. will post 13.64 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio is presently 81.24%.

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.