Meeder Advisory Services Inc. Acquires 215 Shares of The Allstate Co. (NYSE:ALL)

Meeder Advisory Services Inc. grew its stake in The Allstate Co. (NYSE:ALL) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,064 shares of the insurance provider’s stock after acquiring an additional 215 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Allstate were worth $1,150,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Acadian Asset Management LLC grew its position in shares of Allstate by 154.2% in the 1st quarter. Acadian Asset Management LLC now owns 10,564 shares of the insurance provider’s stock worth $1,825,000 after buying an additional 6,409 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Allstate during the first quarter worth $498,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Allstate by 12.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 48,798 shares of the insurance provider’s stock valued at $8,443,000 after purchasing an additional 5,365 shares during the last quarter. UniSuper Management Pty Ltd boosted its position in shares of Allstate by 292.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 9,318 shares of the insurance provider’s stock worth $1,612,000 after purchasing an additional 6,941 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its position in shares of Allstate by 27.2% in the 1st quarter. Lake Street Advisors Group LLC now owns 3,083 shares of the insurance provider’s stock worth $536,000 after purchasing an additional 660 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Up 1.6 %

ALL opened at $199.97 on Tuesday. The firm has a market cap of $52.95 billion, a P/E ratio of 12.95, a PEG ratio of 1.75 and a beta of 0.48. The business’s fifty day simple moving average is $190.27 and its 200 day simple moving average is $177.02. The Allstate Co. has a 52 week low of $132.74 and a 52 week high of $201.00. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The business had revenue of $16.63 billion during 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 company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 earnings per share. As a group, equities research analysts anticipate that The Allstate Co. will post 16.01 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Friday, November 29th. Allstate’s payout ratio is 23.83%.

Wall Street Analyst Weigh In

ALL has been the topic of several recent analyst reports. Evercore ISI upped their price objective on shares of Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. The Goldman Sachs Group lifted their price objective on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley upped their target price on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. BMO Capital Markets lifted their price target on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Piper Sandler raised their price objective on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and a consensus price target of $214.19.

Insider Buying and Selling at Allstate

In other news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 88,552 shares in the company, valued at $15,880,915.68. This represents a 50.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 value of $6,959,916.46. Following the completion of the transaction, the insider now owns 27,364 shares in the company, valued at $5,236,922.32. The trade was a 57.06 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

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.