Baader Bank Aktiengesellschaft Purchases 3,271 Shares of The Allstate Corporation $ALL

Baader Bank Aktiengesellschaft lifted its holdings in shares of The Allstate Corporation (NYSE:ALL) by 165.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,248 shares of the insurance provider’s stock after purchasing an additional 3,271 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Allstate were worth $1,125,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Guerra Pan Advisors LLC raised its holdings in Allstate by 1.5% during the 2nd quarter. Guerra Pan Advisors LLC now owns 3,426 shares of the insurance provider’s stock worth $690,000 after buying an additional 49 shares during the period. Focus Financial Network Inc. raised its holdings in shares of Allstate by 1.1% during the third quarter. Focus Financial Network Inc. now owns 4,693 shares of the insurance provider’s stock worth $1,012,000 after acquiring an additional 52 shares during the period. Parkside Financial Bank & Trust lifted its position in Allstate by 4.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,189 shares of the insurance provider’s stock valued at $239,000 after acquiring an additional 53 shares in the last quarter. L2 Asset Management LLC increased its holdings in Allstate by 4.8% during the 2nd quarter. L2 Asset Management LLC now owns 1,168 shares of the insurance provider’s stock worth $235,000 after purchasing an additional 53 shares in the last quarter. Finally, Howard Capital Management Inc. raised its stake in shares of Allstate by 3.2% in the 3rd quarter. Howard Capital Management Inc. now owns 1,739 shares of the insurance provider’s stock valued at $373,000 after purchasing an additional 54 shares during the period. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling

In other Allstate news, insider Suren Gupta sold 21,871 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $215.21, for a total transaction of $4,706,857.91. Following the transaction, the insider owned 100,646 shares in the company, valued at $21,660,025.66. This trade represents a 17.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 48,400 shares of company stock valued at $10,313,256. Corporate insiders own 1.70% of the company’s stock.

Allstate Price Performance

Shares of ALL opened at $204.54 on Thursday. The company’s 50-day moving average is $203.43 and its 200-day moving average is $203.96. 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 firm has a market capitalization of $53.52 billion, a PE ratio of 5.36, a PEG ratio of 0.43 and a beta of 0.23. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $216.75.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. The business had revenue of $14.57 billion for the quarter, compared to analyst estimates of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. Allstate’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.67 EPS. Equities analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be paid a $1.08 dividend. This is a boost from Allstate’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, March 2nd. This represents a $4.32 annualized dividend and a yield of 2.1%. Allstate’s dividend payout ratio is presently 10.47%.

Analyst Ratings Changes

ALL has been the topic of a number of research reports. Roth Mkm boosted their price target on Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Wells Fargo & Company upped their price target on Allstate from $223.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. William Blair cut shares of Allstate from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. UBS Group boosted their price objective on shares of Allstate from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Finally, Zacks Research cut shares of Allstate from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and a consensus target price of $239.35.

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.