Thompson Siegel & Walmsley LLC Cuts Stock Holdings in The Allstate Co. (NYSE:ALL)

Thompson Siegel & Walmsley LLC lessened its position in The Allstate Co. (NYSE:ALL) by 3.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 15,256 shares of the insurance provider’s stock after selling 564 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Allstate were worth $2,893,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ALL. Northwest Investment Counselors LLC acquired a new position in Allstate in the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Allstate in the third quarter valued at about $29,000. Versant Capital Management Inc lifted its stake in shares of Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after buying an additional 78 shares in the last quarter. Family Firm Inc. acquired a new position in Allstate during the second quarter worth about $38,000. Finally, MCF Advisors LLC grew its stake in Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 84 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the transaction, the insider now owns 27,364 shares in the company, valued at $5,236,922.32. The trade was a 57.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Raymond James boosted their target price on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. Jefferies Financial Group boosted their price objective on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Piper Sandler raised their target price on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. TD Cowen boosted their price target on shares of Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, Roth Mkm restated a “buy” rating and set a $200.00 price objective on shares of Allstate in a research report on Wednesday, August 14th. 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 given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $214.19.

Allstate Stock Up 0.2 %

Shares of NYSE ALL opened at $203.80 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $191.41 and its two-hundred day moving average is $177.77. The Allstate Co. has a 52-week low of $134.17 and a 52-week high of $205.35. The firm has a market cap of $53.97 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.75 and a beta of 0.48.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the previous year, the business earned $0.81 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. Research analysts predict that The Allstate Co. will post 16.01 EPS for the current year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Friday, November 29th. Allstate’s payout ratio is 23.83%.

About Allstate

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.