Mesirow Financial Investment Management Inc. Increases Position in The Allstate Co. (NYSE:ALL)

Mesirow Financial Investment Management Inc. lifted its holdings in The Allstate Co. (NYSE:ALL) by 0.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 64,911 shares of the insurance provider’s stock after purchasing an additional 88 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Allstate were worth $10,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALL. Premier Path Wealth Partners LLC grew its stake in shares of Allstate by 2.5% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,457 shares of the insurance provider’s stock worth $392,000 after purchasing an additional 61 shares during the period. Versant Capital Management Inc grew its position in 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 buying an additional 78 shares during the period. Beacon Capital Management LLC grew its position in Allstate by 8.2% during the second quarter. Beacon Capital Management LLC now owns 1,039 shares of the insurance provider’s stock valued at $166,000 after buying an additional 79 shares during the period. Lodestone Wealth Management LLC raised its position in shares of Allstate by 4.8% in the second quarter. Lodestone Wealth Management LLC now owns 1,738 shares of the insurance provider’s stock worth $277,000 after acquiring an additional 80 shares during the period. Finally, MCF Advisors LLC boosted its stake in shares of Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after acquiring an additional 84 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ALL. The Goldman Sachs Group upped their price target on Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Bank of America increased their target price on Allstate from $213.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Keefe, Bruyette & Woods boosted their price target on shares of Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Wells Fargo & Company decreased their price objective on shares of Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a report on Friday, August 16th. Finally, Roth Mkm reissued a “buy” rating and set a $200.00 target price on shares of Allstate in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and an average price target of $192.76.

Insider Activity

In other news, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the completion of the transaction, the executive vice president now directly owns 4,873 shares of the company’s stock, valued at $877,968.41. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Elizabeth Brady sold 49,481 shares of Allstate stock in a transaction on Friday, August 16th. The shares were sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the completion of the sale, the executive vice president now directly owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert Toohey sold 16,682 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the completion of the transaction, the executive vice president now directly owns 4,873 shares in the company, valued at approximately $877,968.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 201,938 shares of company stock worth $36,122,740. Corporate insiders own 1.80% of the company’s stock.

Allstate Stock Performance

NYSE ALL opened at $188.30 on Monday. The stock has a market cap of $49.72 billion, a PE ratio of 41.57, a P/E/G ratio of 1.74 and a beta of 0.48. The Allstate Co. has a twelve month low of $108.16 and a twelve month high of $191.33. The stock has a fifty day simple moving average of $176.43 and a 200-day simple moving average of $169.17. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49.

Allstate (NYSE:ALL) last announced its quarterly 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 business had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.04 billion. During the same period last year, the business earned ($4.42) earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities analysts anticipate that The Allstate Co. will post 15.16 earnings per share for the current year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.95%. The ex-dividend date is Friday, August 30th. Allstate’s payout ratio is currently 81.24%.

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.