Oddo BHF Asset Management Sas Purchases Shares of 3,127 The Allstate Co. (NYSE:ALL)

Oddo BHF Asset Management Sas purchased a new position in The Allstate Co. (NYSE:ALL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,127 shares of the insurance provider’s stock, valued at approximately $593,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ALL. Franklin Resources Inc. increased its stake in Allstate by 5.1% in the 3rd quarter. Franklin Resources Inc. now owns 136,632 shares of the insurance provider’s stock worth $26,032,000 after acquiring an additional 6,616 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Allstate by 28.2% during the third quarter. Tidal Investments LLC now owns 40,759 shares of the insurance provider’s stock worth $7,730,000 after purchasing an additional 8,977 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Allstate by 457.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 9,249 shares of the insurance provider’s stock worth $1,754,000 after purchasing an additional 7,590 shares during the last quarter. World Investment Advisors LLC raised its stake in Allstate by 534.3% in the third quarter. World Investment Advisors LLC now owns 33,530 shares of the insurance provider’s stock valued at $6,359,000 after purchasing an additional 28,244 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. lifted its position in Allstate by 5.3% during the third quarter. Stock Yards Bank & Trust Co. now owns 5,776 shares of the insurance provider’s stock valued at $1,095,000 after purchasing an additional 292 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ALL shares. Bank of America increased their price target on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. TD Cowen raised their price target on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. The Goldman Sachs Group upped their price objective on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Raymond James raised their price objective on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. Finally, Evercore ISI upped their target price on Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Allstate has an average rating of “Moderate Buy” and a consensus price target of $217.19.

Allstate Trading Up 2.1 %

NYSE:ALL opened at $196.26 on Friday. The firm has a market capitalization of $51.97 billion, a P/E ratio of 12.71, a P/E/G ratio of 1.70 and a beta of 0.50. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average of $194.95 and a 200 day moving average of $181.42. The Allstate Co. has a 52 week low of $134.17 and a 52 week high of $209.88.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS 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 firm had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the prior year, the firm posted $0.81 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, research analysts predict that The Allstate Co. will post 16.26 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be paid a dividend of $0.92 per share. The ex-dividend date is Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.88%. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

Insider Activity at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by corporate insiders.

Allstate 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.