Pitcairn Co. Sells 591 Shares of The Allstate Co. (NYSE:ALL)

Pitcairn Co. lessened its position in shares of The Allstate Co. (NYSE:ALL) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,621 shares of the insurance provider’s stock after selling 591 shares during the quarter. Pitcairn Co.’s holdings in Allstate were worth $1,825,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ALL. Northwest Investment Counselors LLC acquired a new position in shares of Allstate during the third quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate during the third quarter valued at $29,000. Versant Capital Management Inc lifted its stake in shares of Allstate by 70.9% during the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 78 shares during the period. Family Firm Inc. acquired a new position in shares of Allstate during the second quarter valued at $38,000. Finally, MCF Advisors LLC lifted its stake in shares of Allstate by 33.9% during the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Up 0.2 %

NYSE:ALL opened at $203.80 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $53.97 billion, a PE ratio of 13.20, a PEG ratio of 1.81 and a beta of 0.48. The Allstate Co. has a 52-week low of $134.17 and a 52-week high of $205.35. The stock has a 50-day simple moving average of $191.41 and a 200 day simple moving average of $177.84.

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, topping analysts’ consensus estimates of $2.20 by $1.71. The business had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Allstate’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the company earned $0.81 earnings per share. On average, sell-side analysts expect that The Allstate Co. will post 16.07 EPS for the current fiscal year.

Allstate Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ALL shares. The Goldman Sachs Group upped their price target on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. TD Cowen increased their target price on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Morgan Stanley increased their target price on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. BMO Capital Markets increased their target price on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group increased their target price on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.19.

Insider Buying and Selling at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was 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 directly owns 27,364 shares in the company, valued at $5,236,922.32. This trade represents a 57.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

Allstate 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.