Synovus Financial Corp acquired a new position in shares of Allstate Corporation (The) (NYSE:ALL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,494 shares of the insurance provider’s stock, valued at approximately $137,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALL. Janus Henderson Group PLC boosted its stake in Allstate by 4,753.8% during the second quarter. Janus Henderson Group PLC now owns 2,296,651 shares of the insurance provider’s stock worth $203,116,000 after buying an additional 2,249,334 shares during the period. APG Asset Management N.V. boosted its stake in Allstate by 182.7% during the third quarter. APG Asset Management N.V. now owns 3,368,436 shares of the insurance provider’s stock worth $309,593,000 after buying an additional 2,176,800 shares during the period. Principal Financial Group Inc. boosted its stake in Allstate by 249.1% during the second quarter. Principal Financial Group Inc. now owns 1,827,612 shares of the insurance provider’s stock worth $161,634,000 after buying an additional 1,304,131 shares during the period. Voya Investment Management LLC boosted its stake in Allstate by 480.2% during the second quarter. Voya Investment Management LLC now owns 1,496,235 shares of the insurance provider’s stock worth $132,328,000 after buying an additional 1,238,341 shares during the period. Finally, Northern Trust Corp boosted its stake in Allstate by 18.8% during the second quarter. Northern Trust Corp now owns 7,202,273 shares of the insurance provider’s stock worth $636,969,000 after buying an additional 1,141,782 shares during the period. 76.33% of the stock is owned by institutional investors.

Shares of Allstate Corporation (ALL) opened at $102.50 on Friday. Allstate Corporation has a 52-week low of $71.51 and a 52-week high of $104.10. The firm has a market capitalization of $36,779.66, a price-to-earnings ratio of 15.10, a PEG ratio of 1.97 and a beta of 1.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.48 annualized dividend and a dividend yield of 1.44%. Allstate’s payout ratio is currently 20.56%.

Several research analysts have commented on the stock. Goldman Sachs Group assumed coverage on shares of Allstate in a research note on Monday, December 4th. They set a “neutral” rating and a $104.00 price objective for the company. Wells Fargo & Company set a $110.00 price objective on shares of Allstate and gave the stock a “buy” rating in a research note on Thursday, November 16th. B. Riley reiterated a “neutral” rating on shares of Allstate in a research report on Monday, November 6th. UBS lifted their target price on Allstate from $93.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. Finally, Zacks Investment Research upgraded Allstate from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $95.08.

In related news, Chairman Thomas J. Wilson sold 195,000 shares of Allstate stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $99.13, for a total value of $19,330,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Susan L. Lees sold 4,000 shares of Allstate stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $100.49, for a total value of $401,960.00. Following the completion of the sale, the executive vice president now owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The disclosure for this sale can be found here. Insiders sold 432,242 shares of company stock valued at $42,827,931 over the last 90 days. 1.58% of the stock is currently owned by corporate insiders.

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Allstate Company Profile

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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