The Allstate Corporation $ALL Shares Sold by World Investment Advisors

World Investment Advisors lowered its position in shares of The Allstate Corporation (NYSE:ALL) by 16.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 31,656 shares of the insurance provider’s stock after selling 6,090 shares during the period. World Investment Advisors’ holdings in Allstate were worth $6,795,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Allstate by 1.3% in the second quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock valued at $6,690,584,000 after purchasing an additional 435,145 shares during the period. Geode Capital Management LLC increased its position in Allstate by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 6,714,629 shares of the insurance provider’s stock valued at $1,345,961,000 after acquiring an additional 79,366 shares during the period. Franklin Resources Inc. raised its stake in Allstate by 2.5% during the 2nd quarter. Franklin Resources Inc. now owns 4,670,113 shares of the insurance provider’s stock valued at $940,140,000 after acquiring an additional 112,858 shares in the last quarter. Raymond James Financial Inc. boosted its position in Allstate by 3.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,793,645 shares of the insurance provider’s stock worth $562,388,000 after acquiring an additional 88,620 shares during the period. Finally, Boston Partners grew its stake in shares of Allstate by 7.0% in the second quarter. Boston Partners now owns 2,655,585 shares of the insurance provider’s stock worth $535,078,000 after purchasing an additional 172,931 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ALL shares. Wells Fargo & Company increased their target price on shares of Allstate from $202.00 to $216.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Evercore ISI set a $233.00 target price on Allstate and gave the company an “in-line” rating in a research note on Wednesday, October 1st. BMO Capital Markets lifted their target price on Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. UBS Group upped their price target on shares of Allstate from $250.00 to $255.00 and gave the company a “buy” rating in a report on Monday, November 10th. Finally, Wall Street Zen lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $236.93.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 3,786 shares of Allstate stock in a transaction on Friday, November 28th. The shares were sold at an average price of $215.13, for a total transaction of $814,482.18. Following the completion of the sale, the insider owned 100,646 shares of the company’s stock, valued at $21,651,973.98. This trade represents a 3.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 28,807 shares of company stock valued at $6,198,726. 1.70% of the stock is owned by corporate insiders.

Allstate Stock Performance

Shares of ALL stock opened at $208.96 on Friday. The company has a market capitalization of $54.68 billion, a price-to-earnings ratio of 6.76, a P/E/G ratio of 0.38 and a beta of 0.25. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $215.89. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $204.02 and its 200-day simple moving average is $202.47.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, beating the consensus estimate of $5.48 by $5.69. The company had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a return on equity of 35.42% and a net margin of 12.53%.The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.91 EPS. On average, sell-side analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, December 1st. Allstate’s dividend payout ratio is currently 12.95%.

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.