Denali Advisors LLC purchased a new stake in shares of Allstate Corp (NYSE:ALL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,600 shares of the insurance provider’s stock, valued at approximately $158,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Capital Group LLC boosted its stake in shares of Allstate by 195.5% in the first quarter. Private Capital Group LLC now owns 1,182 shares of the insurance provider’s stock worth $112,000 after acquiring an additional 782 shares during the period. Kiley Juergens Wealth Management LLC bought a new position in shares of Allstate in the second quarter worth about $124,000. Summit Trail Advisors LLC boosted its stake in shares of Allstate by 11,436.6% in the first quarter. Summit Trail Advisors LLC now owns 147,438 shares of the insurance provider’s stock worth $147,000 after acquiring an additional 146,160 shares during the period. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Allstate by 150.0% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,750 shares of the insurance provider’s stock worth $160,000 after acquiring an additional 1,050 shares during the period. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Allstate by 41.5% in the second quarter. Valeo Financial Advisors LLC now owns 1,859 shares of the insurance provider’s stock worth $183,000 after acquiring an additional 545 shares during the period. 76.22% of the stock is owned by hedge funds and other institutional investors.

NYSE:ALL opened at $96.87 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $34.17 billion, a P/E ratio of 14.44, a PEG ratio of 1.27 and a beta of 0.92. Allstate Corp has a 12 month low of $88.29 and a 12 month high of $105.36.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, August 1st. The insurance provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.45. The company had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.53 billion. Allstate had a return on equity of 15.21% and a net margin of 9.06%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.38 earnings per share. On average, equities research analysts anticipate that Allstate Corp will post 9.31 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, August 31st were given a $0.46 dividend. The ex-dividend date was Thursday, August 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.90%. Allstate’s dividend payout ratio is currently 27.42%.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a research note on Tuesday, September 18th. Credit Suisse Group dropped their price objective on Allstate from $114.00 to $112.00 and set a “buy” rating for the company in a research note on Tuesday, August 28th. ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Wells Fargo & Co reaffirmed a “hold” rating on shares of Allstate in a research note on Thursday, August 16th. Finally, B. Riley upped their price objective on Allstate from $88.00 to $103.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $104.00.

In related news, EVP Harriet K. Harty sold 10,515 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $98.87, for a total value of $1,039,618.05. Following the sale, the executive vice president now directly owns 14,606 shares in the company, valued at $1,444,095.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Susan L. Lees sold 22,189 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $99.24, for a total value of $2,202,036.36. The disclosure for this sale can be found here. Insiders sold 54,432 shares of company stock worth $5,386,208 over the last quarter. 1.40% of the stock is owned by company insiders.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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