Korea Investment CORP Has $82.29 Million Stock Holdings in The Allstate Corporation $ALL

Korea Investment CORP increased its holdings in shares of The Allstate Corporation (NYSE:ALL) by 55.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 383,377 shares of the insurance provider’s stock after purchasing an additional 136,808 shares during the period. Korea Investment CORP owned 0.15% of Allstate worth $82,292,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in shares of Allstate during the 2nd quarter worth approximately $482,870,000. Swedbank AB raised its stake in Allstate by 2,157.8% in the 3rd quarter. Swedbank AB now owns 861,725 shares of the insurance provider’s stock valued at $184,969,000 after acquiring an additional 823,559 shares during the period. Ameriprise Financial Inc. lifted its holdings in Allstate by 52.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,385,901 shares of the insurance provider’s stock valued at $279,062,000 after purchasing an additional 478,598 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Allstate by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock valued at $6,690,584,000 after purchasing an additional 435,145 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Allstate by 18.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,606,451 shares of the insurance provider’s stock worth $559,435,000 after purchasing an additional 401,700 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of Allstate stock opened at $212.56 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. 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 company has a 50 day moving average of $204.65 and a 200-day moving average of $204.70. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $216.75.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. The firm had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.67 earnings per share. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $4.32 annualized dividend and a yield of 2.0%. This is an increase from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio is 11.31%.

Insider Buying and Selling

In other news, insider Suren Gupta sold 19,593 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was 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. This trade represents a 16.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group upped their price target on shares of Allstate from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Raymond James Financial restated a “strong-buy” rating and set a $260.00 price objective on shares of Allstate in a research report on Tuesday. TD Cowen downgraded Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. William Blair lowered Allstate from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Allstate in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.88.

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.