American Century Companies Inc. Decreases Stock Holdings in The Allstate Corporation $ALL

American Century Companies Inc. lowered its stake in The Allstate Corporation (NYSE:ALL) by 15.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,303,629 shares of the insurance provider’s stock after selling 239,155 shares during the quarter. American Century Companies Inc.’s holdings in Allstate were worth $279,824,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its position in shares of Allstate by 79.7% in the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Barnes Dennig Private Wealth Management LLC raised its position in shares of Allstate by 112.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 73 shares during the last quarter. Clearstead Trust LLC lifted its stake in Allstate by 3,800.0% in the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after buying an additional 152 shares in the last quarter. Armstrong Advisory Group Inc. boosted its holdings in Allstate by 72.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock worth $34,000 after buying an additional 67 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in Allstate during the 3rd quarter worth approximately $37,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALL has been the topic of several research reports. Wall Street Zen downgraded Allstate from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Evercore set a $225.00 price objective on Allstate in a research note on Wednesday, January 7th. Citigroup raised their price objective on Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $238.00 target price on shares of Allstate in a research note on Saturday, February 7th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $215.00 target price (down from $245.00) on shares of Allstate in a research report on Tuesday, December 16th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $239.29.

Insider Activity at Allstate

In other news, insider Suren Gupta sold 19,593 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the transaction, the insider owned 100,646 shares of the company’s stock, valued at $21,135,660. This represents a 16.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is currently owned by company insiders.

Allstate Price Performance

Shares of ALL stock opened at $214.17 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.43. The company has a market capitalization of $55.59 billion, a PE ratio of 5.61, a price-to-earnings-growth ratio of 0.45 and a beta of 0.23. The firm’s 50-day moving average is $204.23 and its two-hundred day moving average is $204.53. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $216.75.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. The business had revenue of $17.35 billion during the quarter, compared to the consensus estimate of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $7.67 EPS. Analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be given a $1.08 dividend. This is an increase from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, March 2nd. Allstate’s dividend payout ratio (DPR) is presently 10.47%.

About Allstate

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.