BI Asset Management Fondsmaeglerselskab A S Raises Stock Position in The Allstate Corporation $ALL

BI Asset Management Fondsmaeglerselskab A S raised its holdings in The Allstate Corporation (NYSE:ALLFree Report) by 255.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 98,455 shares of the insurance provider’s stock after purchasing an additional 70,722 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Allstate were worth $21,133,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ALL. Harbor Capital Advisors Inc. raised its position in Allstate by 79.7% during the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares in the last quarter. Barnes Dennig Private Wealth Management LLC boosted its position in Allstate by 112.3% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 73 shares in the last quarter. Clearstead Trust LLC grew its stake in shares of Allstate by 3,800.0% during the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 152 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Allstate by 315.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 126 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its stake in shares of Allstate by 72.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insiders Place Their Bets

In other news, insider Suren Gupta sold 21,871 shares of the business’s stock in a transaction that occurred 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 directly owned 100,646 shares in the company, valued at $21,660,025.66. The trade was a 17.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 48,400 shares of company stock valued at $10,313,256. Company insiders own 1.70% of the company’s stock.

Allstate Stock Up 2.6%

Shares of ALL opened at $207.05 on Thursday. The stock has a 50 day moving average price of $203.97 and a 200 day moving average price of $203.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $54.18 billion, a price-to-earnings ratio of 6.70, a PEG ratio of 0.44 and a beta of 0.23. The Allstate Corporation has a one year low of $176.00 and a one year high of $215.89.

Allstate (NYSE:ALLGet Free Report) last released its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. Allstate had a net margin of 12.53% and a return on equity of 35.42%. Allstate’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $7.67 earnings per share. Equities research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, December 1st. Allstate’s dividend payout ratio (DPR) is 12.95%.

Key Allstate News

Here are the key news stories impacting Allstate this week:

Analyst Ratings Changes

Several research firms recently commented on ALL. Wall Street Zen lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. TD Cowen cut Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. UBS Group increased their price target on Allstate from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Keefe, Bruyette & Woods boosted their price objective on Allstate from $250.00 to $254.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a research note on Wednesday, January 21st. Three equities research 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. According to data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and an average target price of $236.19.

Read Our Latest Analysis on ALL

Allstate Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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