Associated Banc Corp Has $22.05 Million Stock Position in The Allstate Corporation $ALL

Associated Banc Corp reduced its stake in The Allstate Corporation (NYSE:ALL) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,524 shares of the insurance provider’s stock after selling 2,770 shares during the period. Associated Banc Corp’s holdings in Allstate were worth $22,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ALL. Avantax Advisory Services Inc. increased its stake in Allstate by 3.1% in the second quarter. Avantax Advisory Services Inc. now owns 23,573 shares of the insurance provider’s stock valued at $4,745,000 after purchasing an additional 704 shares in the last quarter. Atlas Capital Advisors Inc. grew its holdings in shares of Allstate by 197.3% in the 1st quarter. Atlas Capital Advisors Inc. now owns 6,712 shares of the insurance provider’s stock valued at $1,390,000 after buying an additional 4,454 shares during the period. Commonwealth Retirement Investments LLC increased its position in shares of Allstate by 103.5% in the 2nd quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock valued at $2,609,000 after buying an additional 6,590 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Allstate during the 1st quarter worth $22,405,000. Finally, Advisors Capital Management LLC acquired a new position in Allstate in the first quarter valued at about $301,000. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of ALL opened at $212.67 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $203.70 and its 200 day simple moving average is $202.12. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $215.89. The company has a market cap of $55.65 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.69 and a beta of 0.35.

Allstate (NYSE:ALL) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.91 earnings per share. On average, research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, December 1st. Allstate’s payout ratio is 12.95%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ALL shares. Wells Fargo & Company raised their price target on Allstate from $202.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Evercore ISI set a $233.00 target price on shares of Allstate and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Wolfe Research upgraded shares of Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. Roth Capital set a $230.00 price objective on shares of Allstate and gave the stock a “buy” rating in a report on Friday, September 26th. Finally, Cantor Fitzgerald raised shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $237.64.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 21,871 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $215.21, for a total value of $4,706,857.91. Following the sale, the insider owned 100,646 shares in the company, valued at $21,660,025.66. This represents a 17.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 23,671 shares of company stock valued at $5,093,974 in the last 90 days. 1.70% of the stock is owned by corporate insiders.

Allstate Profile

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.