SGL Investment Advisors Inc. Purchases Shares of 2,782 The Allstate Co. (NYSE:ALL)

SGL Investment Advisors Inc. acquired a new stake in The Allstate Co. (NYSE:ALL) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 2,782 shares of the insurance provider’s stock, valued at approximately $545,000.

A number of other hedge funds have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in shares of Allstate in the 2nd quarter worth approximately $476,000. Eagle Asset Management Inc. increased its holdings in shares of Allstate by 38.0% in the third quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock valued at $2,067,000 after buying an additional 2,888 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Allstate by 1.7% during the 3rd quarter. Bank of Montreal Can now owns 683,574 shares of the insurance provider’s stock valued at $128,758,000 after acquiring an additional 11,195 shares during the last quarter. Diversified Trust Co raised its position in shares of Allstate by 505.3% during the second quarter. Diversified Trust Co now owns 7,923 shares of the insurance provider’s stock worth $1,265,000 after purchasing an additional 6,614 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in Allstate by 3.3% during the 2nd quarter. Hsbc Holdings PLC now owns 1,007,953 shares of the insurance provider’s stock worth $160,948,000 after buying an additional 31,789 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Allstate Trading Down 0.3 %

Shares of ALL opened at $203.64 on Monday. The stock has a fifty day moving average price of $194.40 and a two-hundred day moving average price of $180.46. 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 $53.92 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.80 and a beta of 0.50. The Allstate Co. has a 52-week low of $134.17 and a 52-week high of $209.88.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. The firm had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.81 earnings per share. Analysts predict that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on ALL. 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. Jefferies Financial Group increased their target price on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group upped their price target on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Barclays lifted their price objective on Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Finally, UBS Group upped their price objective on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $217.19.

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.