Vest Financial LLC Has $23.63 Million Position in The Allstate Corporation $ALL

Vest Financial LLC increased its holdings in The Allstate Corporation (NYSE:ALL) by 131.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,063 shares of the insurance provider’s stock after purchasing an additional 62,535 shares during the period. Vest Financial LLC’s holdings in Allstate were worth $23,625,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ALL. Norges Bank acquired a new position in shares of Allstate in the 2nd quarter worth approximately $482,870,000. Swedbank AB boosted its stake in Allstate by 2,157.8% in the 3rd quarter. Swedbank AB now owns 861,725 shares of the insurance provider’s stock valued at $184,969,000 after buying an additional 823,559 shares in the last quarter. Ameriprise Financial Inc. grew its position in Allstate by 52.7% in the second quarter. Ameriprise Financial Inc. now owns 1,385,901 shares of the insurance provider’s stock valued at $279,062,000 after acquiring an additional 478,598 shares during the period. Vanguard Group Inc. raised its stake in Allstate by 1.3% during the second quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock worth $6,690,584,000 after acquiring an additional 435,145 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Allstate during the second quarter valued at $68,590,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Performance

Shares of Allstate stock opened at $193.60 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a 50 day simple moving average of $206.69 and a 200 day simple moving average of $203.31. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $215.89. The firm has a market cap of $50.66 billion, a P/E ratio of 6.27, a P/E/G ratio of 0.42 and a beta of 0.24.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, beating analysts’ consensus estimates of $5.48 by $5.69. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $16.59 billion. Allstate had a return on equity of 35.42% and a net margin of 12.53%.The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $3.91 EPS. Sell-side analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, December 1st. Allstate’s dividend payout ratio (DPR) is presently 12.95%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ALL. Roth Mkm upped their target price on shares of Allstate from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Keefe, Bruyette & Woods boosted their price target on shares of Allstate from $250.00 to $254.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. raised their price objective on shares of Allstate from $254.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. BMO Capital Markets lifted their target price on shares of Allstate from $235.00 to $244.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, UBS Group increased their price target on Allstate from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $236.19.

Insiders Place Their Bets

In other Allstate news, insider Suren Gupta sold 19,593 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the transaction, the insider directly owned 100,646 shares in the company, valued at approximately $21,135,660. This represents a 16.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 48,400 shares of company stock worth $10,313,256. Insiders own 1.70% of the company’s stock.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.