The Allstate Co. (NYSE:ALL) Shares Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. boosted its stake in The Allstate Co. (NYSE:ALL) by 3.7% in the third quarter, Holdings Channel reports. The fund owned 6,064 shares of the insurance provider’s stock after buying an additional 215 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Allstate were worth $1,150,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Quest Partners LLC lifted its position in shares of Allstate by 9.5% during the third quarter. Quest Partners LLC now owns 13,606 shares of the insurance provider’s stock worth $2,580,000 after purchasing an additional 1,183 shares in the last quarter. Swiss National Bank lifted its holdings in Allstate by 0.3% in the 3rd quarter. Swiss National Bank now owns 783,300 shares of the insurance provider’s stock worth $148,553,000 after buying an additional 2,400 shares in the last quarter. Claro Advisors LLC purchased a new position in Allstate in the 3rd quarter valued at about $221,000. Atlanta Consulting Group Advisors LLC grew its stake in shares of Allstate by 49.1% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 4,950 shares of the insurance provider’s stock valued at $939,000 after acquiring an additional 1,630 shares in the last quarter. Finally, Mount Lucas Management LP increased its position in shares of Allstate by 2.8% during the third quarter. Mount Lucas Management LP now owns 3,229 shares of the insurance provider’s stock worth $612,000 after acquiring an additional 89 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Buying and Selling

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction 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 transaction, the insider now owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. This represents a 57.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total value of $16,140,600.00. Following the completion of the transaction, the chief executive officer now owns 88,552 shares in the company, valued at $15,880,915.68. The trade was a 50.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Allstate Price Performance

NYSE ALL opened at $199.97 on Tuesday. The Allstate Co. has a 12 month low of $132.74 and a 12 month high of $201.00. The firm has a market capitalization of $52.95 billion, a PE ratio of 12.95, a P/E/G ratio of 1.75 and a beta of 0.48. The company’s 50 day simple moving average is $190.27 and its 200 day simple moving average is $177.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The company had revenue of $16.63 billion for 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%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 EPS. As a group, equities research analysts forecast that The Allstate Co. will post 16.01 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be given a dividend of $0.92 per share. The ex-dividend date is Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.84%. Allstate’s dividend payout ratio (DPR) is 23.83%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ALL shares. StockNews.com downgraded Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Raymond James raised their price target on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. Piper Sandler upped their price target on shares of Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a report on Friday, August 16th. The Goldman Sachs Group increased their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday. Finally, Bank of America upped their target price on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $214.19.

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.