Bank of Montreal Can trimmed its holdings in Allstate Corp (NYSE:ALL) by 5.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,789,220 shares of the insurance provider’s stock after selling 94,835 shares during the quarter. Bank of Montreal Can’s holdings in Allstate were worth $176,598,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Private Capital Group LLC raised its holdings in shares of Allstate by 195.5% in the first quarter. Private Capital Group LLC now owns 1,182 shares of the insurance provider’s stock valued at $112,000 after buying an additional 782 shares during the last quarter. Kiley Juergens Wealth Management LLC bought a new position in shares of Allstate in the second quarter valued at about $124,000. Summit Trail Advisors LLC raised its holdings in shares of Allstate by 11,436.6% in the first quarter. Summit Trail Advisors LLC now owns 147,438 shares of the insurance provider’s stock valued at $147,000 after buying an additional 146,160 shares during the last quarter. Denali Advisors LLC bought a new position in shares of Allstate in the third quarter valued at about $158,000. Finally, Mark Sheptoff Financial Planning LLC raised its holdings in shares of Allstate by 150.0% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,750 shares of the insurance provider’s stock valued at $160,000 after buying an additional 1,050 shares during the last quarter. 76.22% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:ALL opened at $93.16 on Friday. The stock has a market cap of $34.17 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.27 and a beta of 0.92. Allstate Corp has a 1-year low of $88.29 and a 1-year high of $105.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, August 1st. The insurance provider reported $1.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.45. The company had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.53 billion. Allstate had a return on equity of 15.21% and a net margin of 9.06%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.38 EPS. As a group, sell-side analysts expect that Allstate Corp will post 9.31 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, August 31st were given a dividend of $0.46 per share. The ex-dividend date was Thursday, August 30th. This represents a $1.84 annualized dividend and a dividend yield of 1.98%. Allstate’s payout ratio is currently 27.42%.

In other news, EVP Susan L. Lees sold 22,189 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $99.24, for a total transaction of $2,202,036.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Glenn T. Shapiro sold 21,728 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $98.70, for a total value of $2,144,553.60. The disclosure for this sale can be found here. Insiders have sold a total of 54,432 shares of company stock valued at $5,386,208 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

ALL has been the subject of several recent research reports. ValuEngine cut Allstate from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. Zacks Investment Research cut Allstate from a “buy” rating to a “hold” rating in a report on Monday, September 24th. B. Riley boosted their price objective on Allstate from $88.00 to $103.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Wells Fargo & Co reissued a “hold” rating on shares of Allstate in a report on Thursday, August 16th. Finally, Buckingham Research raised Allstate from an “underperform” rating to a “neutral” rating and set a $88.00 price objective for the company in a report on Wednesday, July 18th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $104.62.

About Allstate

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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