Thrivent Financial for Lutherans Boosts Stake in The Allstate Corporation $ALL

Thrivent Financial for Lutherans increased its holdings in The Allstate Corporation (NYSE:ALL) by 14.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 416,847 shares of the insurance provider’s stock after purchasing an additional 53,237 shares during the period. Thrivent Financial for Lutherans owned 0.16% of Allstate worth $89,477,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its position in shares of Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after buying an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Allstate in the 4th quarter worth approximately $231,000. Mirae Asset Global Investments Co. Ltd. grew its position in Allstate by 10.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,054 shares of the insurance provider’s stock valued at $6,050,000 after purchasing an additional 2,889 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Allstate in the 2nd quarter valued at approximately $34,000. Finally, Stock Yards Bank & Trust Co. increased its holdings in shares of Allstate by 9.5% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 6,994 shares of the insurance provider’s stock valued at $1,408,000 after acquiring an additional 605 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ALL shares. Roth Mkm upped their price objective on Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Zacks Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Evercore ISI set a $225.00 price target on Allstate in a report on Wednesday, January 7th. William Blair cut Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Allstate in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.19.

Insiders Place Their Bets

In related news, insider Suren Gupta sold 19,593 shares of the business’s stock in a transaction dated 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 sale, the insider owned 100,646 shares of the company’s stock, valued at $21,135,660. The trade was a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders sold 48,400 shares of company stock worth $10,313,256. Insiders own 1.70% of the company’s stock.

Allstate Trading Up 0.3%

Shares of ALL stock opened at $198.89 on Monday. The company has a 50-day simple moving average of $204.57 and a two-hundred day simple moving average of $203.47. The company has a market capitalization of $52.05 billion, a price-to-earnings ratio of 6.44, a PEG ratio of 0.43 and a beta of 0.24. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.43 and a current ratio of 0.43.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, topping the consensus estimate of $5.48 by $5.69. The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 35.42% and a net margin of 12.53%.The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.91 EPS. Research analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. Allstate’s dividend payout ratio (DPR) is presently 12.95%.

Allstate 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.