The Allstate Corporation $ALL Stock Holdings Cut by AMF Tjanstepension AB

AMF Tjanstepension AB lessened its position in The Allstate Corporation (NYSE:ALL) by 12.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,434 shares of the insurance provider’s stock after selling 18,701 shares during the period. AMF Tjanstepension AB’s holdings in Allstate were worth $27,568,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Guerra Pan Advisors LLC raised its position in Allstate by 1.5% in the second quarter. Guerra Pan Advisors LLC now owns 3,426 shares of the insurance provider’s stock worth $690,000 after acquiring an additional 49 shares in the last quarter. Focus Financial Network Inc. grew its stake in shares of Allstate by 1.1% in the 3rd quarter. Focus Financial Network Inc. now owns 4,693 shares of the insurance provider’s stock worth $1,012,000 after purchasing an additional 52 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Allstate by 4.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,189 shares of the insurance provider’s stock worth $239,000 after purchasing an additional 53 shares in the last quarter. L2 Asset Management LLC lifted its stake in Allstate by 4.8% during the second quarter. L2 Asset Management LLC now owns 1,168 shares of the insurance provider’s stock valued at $235,000 after purchasing an additional 53 shares during the last quarter. Finally, Cooper Financial Group boosted its holdings in Allstate by 5.5% during the second quarter. Cooper Financial Group now owns 1,057 shares of the insurance provider’s stock worth $213,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ALL. Zacks Research cut Allstate from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. The Goldman Sachs Group set a $227.00 target price on Allstate in a research report on Wednesday, January 7th. TD Cowen downgraded Allstate from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen cut Allstate from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Roth Mkm boosted their price objective on Allstate from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $236.19.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 19,593 shares of Allstate stock in a transaction on 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 completion of the sale, the insider owned 100,646 shares of the company’s stock, valued at $21,135,660. This trade represents a 16.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 48,400 shares of company stock valued at $10,313,256. 1.70% of the stock is owned by corporate insiders.

Allstate Stock Down 0.9%

Shares of Allstate stock opened at $193.54 on Friday. The stock has a 50-day moving average price of $205.96 and a 200 day moving average price of $203.32. The company has a market cap of $50.65 billion, a P/E ratio of 6.27, a P/E/G ratio of 0.42 and a beta of 0.24. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.32. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.89.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, beating the consensus estimate of $5.48 by $5.69. The company had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a return on equity of 35.42% and a net margin of 12.53%.The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.91 EPS. As a group, analysts expect that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, December 1st. Allstate’s dividend payout ratio is currently 12.95%.

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.