Andra AP fonden Has $1.29 Million Stock Position in The Allstate Corporation $ALL

Andra AP fonden trimmed its stake in The Allstate Corporation (NYSE:ALL) by 75.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,000 shares of the insurance provider’s stock after selling 18,300 shares during the period. Andra AP fonden’s holdings in Allstate were worth $1,288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its stake 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 valued at $1,253,000 after buying an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Allstate in the fourth quarter valued at $231,000. Arkadios Wealth Advisors raised its stake in shares of Allstate by 8.4% in the second quarter. Arkadios Wealth Advisors now owns 5,370 shares of the insurance provider’s stock worth $1,081,000 after acquiring an additional 415 shares during the last quarter. Assetmark Inc. raised its position in Allstate by 6.9% in the 2nd quarter. Assetmark Inc. now owns 49,579 shares of the insurance provider’s stock worth $9,981,000 after purchasing an additional 3,182 shares during the last quarter. Finally, Savvy Advisors Inc. lifted its stake in shares of Allstate by 34.8% during the second quarter. Savvy Advisors Inc. now owns 1,684 shares of the insurance provider’s stock valued at $339,000 after acquiring an additional 435 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. The Goldman Sachs Group reiterated a “buy” rating and set a $238.00 price objective on shares of Allstate in a report on Saturday, February 7th. Citigroup upped their target price on shares of Allstate from $216.00 to $221.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $220.00 price objective on shares of Allstate in a report on Thursday, February 5th. Finally, Roth Mkm lifted their target price on Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.29.

Allstate Stock Up 0.7%

ALL opened at $214.17 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 capitalization of $55.59 billion, a P/E ratio of 5.61, a P/E/G ratio of 0.45 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. The stock has a fifty day moving average of $204.23 and a 200-day moving average of $204.50.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, topping the consensus estimate of $8.72 by $5.59. The company had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $7.67 earnings per share. On average, equities analysts expect that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be paid a dividend of $1.08 per share. The ex-dividend date is Monday, March 2nd. 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 yield of 2.0%. Allstate’s dividend payout ratio is currently 10.47%.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 19,593 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 100,646 shares in the company, valued at $21,135,660. The trade was a 16.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by company insiders.

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.