World Investment Advisors LLC Buys 28,244 Shares of The Allstate Co. (NYSE:ALL)

World Investment Advisors LLC grew its stake in shares of The Allstate Co. (NYSE:ALL) by 534.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,530 shares of the insurance provider’s stock after acquiring an additional 28,244 shares during the quarter. World Investment Advisors LLC’s holdings in Allstate were worth $6,359,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ALL. FSA Wealth Management LLC bought a new position in Allstate in the 3rd quarter valued at approximately $26,000. Northwest Investment Counselors LLC bought a new position in shares of Allstate during the third quarter valued at $28,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Allstate during the third quarter valued at $29,000. Family Firm Inc. purchased a new stake in shares of Allstate during the second quarter valued at $38,000. Finally, MCF Advisors LLC increased its holdings in Allstate by 33.9% in the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling

In related news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the sale, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. This represents a 57.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. UBS Group boosted their target price on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Morgan Stanley increased their price target on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Bank of America lifted their price objective on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. increased their target price on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.19.

Allstate Trading Down 0.5 %

ALL stock opened at $192.30 on Friday. The company has a market capitalization of $50.92 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.79 and a beta of 0.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The Allstate Co. has a 1-year low of $134.17 and a 1-year high of $209.88. The business has a 50 day simple moving average of $194.84 and a two-hundred day simple moving average of $181.08.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating the consensus estimate of $2.20 by $1.71. The company had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Allstate’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the company posted $0.81 earnings per share. Research analysts anticipate that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 29th will be given a $0.92 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.91%. Allstate’s dividend payout ratio is currently 23.83%.

Allstate Company 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.