Insigneo Advisory Services LLC Invests $238,000 in The Allstate Co. (NYSE:ALL)

Insigneo Advisory Services LLC purchased a new position in shares of The Allstate Co. (NYSE:ALL) in the third quarter, Holdings Channel.com reports. The firm purchased 1,257 shares of the insurance provider’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also made changes to their positions in ALL. FSA Wealth Management LLC acquired a new position in Allstate in the third quarter valued at approximately $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of Allstate during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate in the 3rd quarter valued at $29,000. Family Firm Inc. acquired a new position in shares of Allstate in the 2nd quarter valued at $38,000. Finally, MCF Advisors LLC grew its position in shares of Allstate by 33.9% in the 2nd 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 last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on ALL. BMO Capital Markets upped their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their target price on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. TD Cowen lifted their price target on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Morgan Stanley increased their price objective on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their target price on shares of Allstate from $175.00 to $186.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $217.19.

Allstate Price Performance

Shares of ALL opened at $199.05 on Tuesday. 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’s 50 day moving average is $194.59 and its two-hundred day moving average is $180.71. The Allstate Co. has a twelve month low of $134.17 and a twelve month high of $209.88. The firm has a market capitalization of $52.71 billion, a PE ratio of 12.89, a P/E/G ratio of 1.79 and a beta of 0.50.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. Allstate’s quarterly revenue was up 14.7% on a year-over-year basis. Research analysts anticipate that The Allstate Co. will post 16.26 earnings per share for the current year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 29th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, November 29th. Allstate’s dividend payout ratio (DPR) is 23.83%.

Insider Buying and Selling

In related news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction on Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the transaction, the insider now directly owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. The trade was a 57.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.80% of the stock is owned by insiders.

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.