The Allstate Corporation $ALL Shares Acquired by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in The Allstate Corporation (NYSE:ALL) by 40.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,084,520 shares of the insurance provider’s stock after purchasing an additional 310,522 shares during the period. First Trust Advisors LP’s holdings in Allstate were worth $232,792,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ALL. Harbor Capital Advisors Inc. boosted its stake in shares of Allstate by 79.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the last quarter. Barnes Dennig Private Wealth Management LLC increased its stake in shares of Allstate by 112.3% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after buying an additional 73 shares during the last quarter. Clearstead Trust LLC raised its holdings in Allstate by 3,800.0% in the second quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 152 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in Allstate by 72.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 67 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new position in Allstate during the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALL. Wall Street Zen downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $231.00 price target on shares of Allstate in a research report on Thursday. William Blair downgraded Allstate from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Keefe, Bruyette & Woods boosted their price objective on Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. Finally, Wells Fargo & Company cut their price objective on Allstate from $228.00 to $227.00 and set an “equal weight” rating on the stock in a research note on Friday, February 20th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $238.88.

Allstate Stock Up 0.4%

Shares of NYSE:ALL opened at $212.56 on Friday. The company’s fifty day moving average is $204.65 and its two-hundred day moving average is $204.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $216.75. The stock has a market capitalization of $55.17 billion, a price-to-earnings ratio of 5.57, a price-to-earnings-growth ratio of 0.44 and a beta of 0.23.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, beating the consensus estimate of $8.72 by $5.59. The business had revenue of $17.35 billion during the quarter, compared to analyst estimates of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $7.67 EPS. Equities analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be paid a $1.08 dividend. The ex-dividend date is Monday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 dividend on an annualized basis and a yield of 2.0%. Allstate’s payout ratio is presently 11.31%.

Insider Activity at Allstate

In other news, insider Suren Gupta sold 19,593 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the completion of the transaction, the insider directly owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. This represents a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.70% of the company’s stock.

Allstate Profile

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.