The Allstate Corporation $ALL Holdings Raised by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG raised its stake in shares of The Allstate Corporation (NYSE:ALL) by 28.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,408 shares of the insurance provider’s stock after buying an additional 11,297 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Allstate were worth $10,820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ALL. Harbor Capital Advisors Inc. raised its holdings in shares of Allstate by 79.7% during the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares in the last quarter. Barnes Dennig Private Wealth Management LLC grew its stake in Allstate by 112.3% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 73 shares in the last quarter. Clearstead Trust LLC grew its stake in Allstate by 3,800.0% in the second quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 152 shares in the last quarter. Armstrong Advisory Group Inc. increased its position 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 purchasing an additional 67 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in Allstate in the 3rd quarter worth about $37,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ALL. Keefe, Bruyette & Woods lifted their price target on Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a report on Wednesday, January 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $215.00 price objective (down from $245.00) on shares of Allstate in a research report on Tuesday, December 16th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $220.00 target price on shares of Allstate in a research note on Thursday, February 5th. Finally, Roth Mkm boosted their target price on shares of Allstate from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $238.88.

Insider Buying and Selling at Allstate

In related news, insider Suren Gupta sold 19,593 shares of the company’s 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 directly owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. This represents a 16.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

Allstate Stock Performance

ALL opened at $212.56 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $55.17 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 0.44 and a beta of 0.23. The stock has a 50-day moving average of $204.65 and a 200-day moving average of $204.63. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $216.75.

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

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be given a $1.08 dividend. This is a positive change from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, March 2nd. Allstate’s payout ratio is 11.31%.

Allstate Company Profile

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.