Versant Capital Management Inc Purchases 78 Shares of The Allstate Co. (NYSE:ALL)

Versant Capital Management Inc lifted its position in The Allstate Co. (NYSE:ALL) by 70.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 188 shares of the insurance provider’s stock after purchasing an additional 78 shares during the quarter. Versant Capital Management Inc’s holdings in Allstate were worth $30,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Allstate in the fourth quarter valued at $212,771,000. Palestra Capital Management LLC bought a new position in Allstate in the fourth quarter valued at $83,561,000. Balyasny Asset Management L.P. bought a new position in Allstate in the fourth quarter valued at $81,571,000. Artemis Investment Management LLP bought a new position in Allstate in the first quarter valued at $95,764,000. Finally, Mizuho Markets Americas LLC bought a new position in Allstate in the fourth quarter valued at $52,042,000. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

In other Allstate news, insider Suren Gupta sold 45,775 shares of Allstate stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $177.28, for a total value of $8,114,992.00. Following the sale, the insider now directly owns 89,930 shares in the company, valued at approximately $15,942,790.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.

Allstate Stock Up 1.8 %

Shares of ALL traded up $3.05 on Wednesday, hitting $172.84. 204,391 shares of the stock traded hands, compared to its average volume of 1,570,971. The company has a market capitalization of $45.62 billion, a PE ratio of 37.48, a P/E/G ratio of 1.86 and a beta of 0.48. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36. The business has a 50 day simple moving average of $164.87 and a 200 day simple moving average of $164.55. The Allstate Co. has a one year low of $104.29 and a one year high of $180.87.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $1.28. The company had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the company posted ($4.42) earnings per share. As a group, equities analysts forecast that The Allstate Co. will post 13.64 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio (DPR) is 81.24%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $194.00 target price on shares of Allstate in a research note on Friday, July 5th. BMO Capital Markets upped their price target on shares of Allstate from $191.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday. Evercore ISI raised their price objective on shares of Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Morgan Stanley lowered their price objective on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $184.06.

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.