Mather Group LLC. Purchases 887 Shares of The Allstate Co. (NYSE:ALL)

Mather Group LLC. grew its holdings in The Allstate Co. (NYSE:ALL) by 45.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,852 shares of the insurance provider’s stock after acquiring an additional 887 shares during the quarter. Mather Group LLC.’s holdings in Allstate were worth $493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allworth Financial LP grew its holdings in shares of Allstate by 2.6% during the 4th quarter. Allworth Financial LP now owns 11,368 shares of the insurance provider’s stock worth $1,591,000 after purchasing an additional 290 shares in the last quarter. Prime Capital Investment Advisors LLC grew its stake in Allstate by 10.7% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 4,556 shares of the insurance provider’s stock worth $638,000 after buying an additional 441 shares in the last quarter. Tritonpoint Wealth LLC bought a new position in Allstate in the 4th quarter valued at about $289,000. 180 Wealth Advisors LLC acquired a new position in shares of Allstate in the 4th quarter valued at approximately $202,000. Finally, Meeder Advisory Services Inc. lifted its holdings in shares of Allstate by 31.1% during the 4th quarter. Meeder Advisory Services Inc. now owns 4,085 shares of the insurance provider’s stock worth $572,000 after acquiring an additional 969 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALL has been the subject of several recent analyst reports. Evercore ISI upped their target price on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Wells Fargo & Company upped their price objective on Allstate from $146.00 to $153.00 and gave the stock an “underweight” rating in a research report on Friday, May 10th. BMO Capital Markets lifted their target price on Allstate from $191.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday. Bank of America increased their target price on shares of Allstate from $213.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group lifted their price target on shares of Allstate from $197.00 to $199.00 and gave the company a “buy” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $184.06.

Insider Transactions at Allstate

In other news, insider Suren Gupta sold 45,775 shares of Allstate stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $177.28, for a total value of $8,114,992.00. Following the completion of the transaction, the insider now owns 89,930 shares in the company, valued at $15,942,790.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Allstate Stock Performance

NYSE ALL traded up $0.77 during trading hours on Tuesday, reaching $169.79. 2,326,718 shares of the company were exchanged, compared to its average volume of 1,580,074. The stock has a market capitalization of $44.83 billion, a P/E ratio of 37.48, a P/E/G ratio of 1.86 and a beta of 0.48. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. The Allstate Co. has a 1 year low of $104.29 and a 1 year high of $180.87. The business’s 50 day simple moving average is $164.76 and its 200-day simple moving average is $164.45.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $1.28. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. During the same period in the prior year, the firm earned ($4.42) EPS. The company’s revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts expect that The Allstate Co. will post 13.64 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.17%. Allstate’s dividend payout ratio is presently 81.24%.

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.