The Allstate Co. (NYSE:ALL) Stock Position Increased by Huntington National Bank

Huntington National Bank grew its position in The Allstate Co. (NYSE:ALL) by 0.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 40,401 shares of the insurance provider’s stock after buying an additional 163 shares during the period. Huntington National Bank’s holdings in Allstate were worth $7,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in shares of Allstate during the third quarter worth approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in Allstate during the 3rd quarter worth $29,000. Versant Capital Management Inc grew its stake in shares of Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Allstate during the second quarter valued at $38,000. Finally, MCF Advisors LLC raised 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 purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the sale, the chief executive officer now directly owns 88,552 shares in the company, valued at approximately $15,880,915.68. This trade represents a 50.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Robert Toohey sold 16,682 shares of Allstate stock in a transaction dated 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 transaction, the executive vice president now directly owns 4,873 shares in the company, valued at approximately $877,968.41. This trade represents a 77.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,049 shares of company stock valued at $26,106,112 in the last three months. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on ALL shares. Bank of America raised 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. Roth Mkm reiterated a “buy” rating and set a $200.00 price objective on shares of Allstate in a research note on Wednesday, August 14th. Raymond James upped their target price on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. BMO Capital Markets increased their price target on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Finally, StockNews.com downgraded Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $212.56.

Allstate Trading Down 0.7 %

NYSE:ALL opened at $195.85 on Friday. The stock has a fifty day simple moving average of $189.58 and a 200 day simple moving average of $176.40. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $51.86 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.77 and a beta of 0.48. The Allstate Co. has a 1-year low of $130.77 and a 1-year high of $201.00.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the company posted $0.81 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Sell-side analysts forecast that The Allstate Co. will post 16.02 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.88%. Allstate’s payout ratio is 23.83%.

About Allstate

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.