Intech Investment Management LLC Has $7.27 Million Holdings in The Allstate Corporation $ALL

Intech Investment Management LLC lessened its position in shares of The Allstate Corporation (NYSE:ALL) by 56.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,855 shares of the insurance provider’s stock after selling 43,395 shares during the period. Intech Investment Management LLC’s holdings in Allstate were worth $7,267,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. MAI Capital Management grew its holdings in Allstate by 21.6% during the 3rd quarter. MAI Capital Management now owns 10,466 shares of the insurance provider’s stock worth $2,246,000 after acquiring an additional 1,862 shares during the period. Bradley Foster & Sargent Inc. CT boosted its position in shares of Allstate by 15.6% during the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 2,990 shares of the insurance provider’s stock valued at $642,000 after purchasing an additional 404 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Allstate by 316.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 2,653 shares of the insurance provider’s stock valued at $569,000 after purchasing an additional 2,016 shares in the last quarter. North Star Asset Management Inc. acquired a new stake in Allstate during the third quarter worth approximately $216,000. Finally, Waddell & Associates LLC increased its holdings in Allstate by 1.4% in the third quarter. Waddell & Associates LLC now owns 5,070 shares of the insurance provider’s stock worth $1,088,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on Allstate from $228.00 to $227.00 and set an “equal weight” rating on the stock in a report on Friday, February 20th. Zacks Research upgraded shares of Allstate from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. increased their target price on shares of Allstate from $260.00 to $263.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Finally, Citigroup increased their price objective on shares of Allstate from $216.00 to $221.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $239.29.

Allstate Trading Up 0.7%

NYSE:ALL opened at $214.17 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.43. The Allstate Corporation has a one year low of $176.00 and a one year high of $216.75. The company has a market cap of $55.59 billion, a PE ratio of 5.61, a PEG ratio of 0.44 and a beta of 0.23. The firm has a 50-day moving average of $204.23 and a 200-day moving average of $204.55.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. The business had revenue of $17.35 billion during the quarter, compared to the consensus estimate of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.67 EPS. As a group, equities research analysts expect that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 annualized dividend and a dividend yield of 2.0%. Allstate’s payout ratio is presently 10.47%.

Insider Transactions at Allstate

In related news, insider Suren Gupta sold 19,593 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the sale, the insider directly owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. This represents a 16.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.70% of the company’s stock.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.