The Allstate Co. (NYSE:ALL) Shares Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC boosted its position in The Allstate Co. (NYSE:ALL) by 20.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,530 shares of the insurance provider’s stock after purchasing an additional 256 shares during the quarter. OneAscent Financial Services LLC’s holdings in Allstate were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALL. Northwest Investment Counselors LLC purchased a new position in Allstate during the third quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate during the 3rd quarter valued at about $29,000. Versant Capital Management Inc lifted its holdings in shares of Allstate by 70.9% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 78 shares during the period. Family Firm Inc. acquired a new stake in shares of Allstate in the second quarter worth approximately $38,000. Finally, MCF Advisors LLC grew its holdings in Allstate by 33.9% in 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 during the period. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Trading Down 1.7 %

Shares of ALL opened at $196.59 on Wednesday. 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 Allstate Co. has a one year low of $132.74 and a one year high of $201.00. The stock has a 50-day moving average price of $190.50 and a 200 day moving average price of $177.22. The company has a market capitalization of $52.06 billion, a P/E ratio of 12.73, a P/E/G ratio of 1.76 and a beta of 0.48.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. Sell-side analysts forecast that The Allstate Co. will post 16.01 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. Stockholders of record on Friday, November 29th will be paid a $0.92 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.87%. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

Insider Transactions at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the transaction, the insider now directly owns 27,364 shares in the company, valued at $5,236,922.32. This trade represents a 57.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ALL shares. JPMorgan Chase & Co. lifted their price target on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. TD Cowen lifted their target price on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Morgan Stanley upped their price target on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Piper Sandler lifted their price objective on Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Evercore ISI increased their target price on shares of Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. One 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. According to MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and an average target price of $214.19.

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.