Janney Montgomery Scott LLC grew its position in shares of Allstate Corp (NYSE:ALL) by 14.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,479 shares of the insurance provider’s stock after purchasing an additional 3,821 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Allstate were worth $2,801,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Arrow Financial Corp lifted its stake in shares of Allstate by 100.0% in the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock worth $102,000 after acquiring an additional 553 shares during the period. Sandy Spring Bank lifted its stake in shares of Allstate by 2.5% in the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock worth $103,000 after acquiring an additional 28 shares during the period. Jackson Grant Investment Advisers Inc. lifted its stake in shares of Allstate by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock worth $108,000 after acquiring an additional 5 shares during the period. Financial Engines Advisors L.L.C. acquired a new position in shares of Allstate in the third quarter worth approximately $116,000. Finally, IHT Wealth Management LLC lifted its stake in shares of Allstate by 46.6% in the second quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 405 shares during the period. 76.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on ALL shares. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research note on Tuesday, December 12th. Wells Fargo & Company reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Allstate in a research note on Thursday, November 2nd. Citigroup cut their price objective on Allstate from $107.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, October 2nd. Goldman Sachs Group started coverage on Allstate in a research note on Monday, December 4th. They issued a “neutral” rating and a $104.00 price objective on the stock. Finally, B. Riley reaffirmed a “neutral” rating on shares of Allstate in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $96.50.

In other news, CEO Thomas J. Wilson sold 130,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $99.29, for a total transaction of $12,907,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Suren Gupta sold 103,242 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $98.68, for a total value of $10,187,920.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 432,242 shares of company stock worth $42,827,931. Insiders own 1.58% of the company’s stock.

Allstate Corp (NYSE ALL) opened at $103.97 on Friday. Allstate Corp has a 12 month low of $73.04 and a 12 month high of $104.46. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $37,307.14, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 2.00 and a beta of 1.12.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.01). Allstate had a net margin of 7.32% and a return on equity of 13.11%. The business had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period last year, the firm posted $1.26 earnings per share. Allstate’s quarterly revenue was up 3.2% compared to the same quarter last year. equities research analysts anticipate that Allstate Corp will post 6.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 20.56%.

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About Allstate

The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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