Vinva Investment Management Ltd Acquires 5,836 Shares of The Allstate Corporation $ALL

Vinva Investment Management Ltd grew its holdings in shares of The Allstate Corporation (NYSE:ALL) by 32.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,672 shares of the insurance provider’s stock after acquiring an additional 5,836 shares during the quarter. Vinva Investment Management Ltd’s holdings in Allstate were worth $5,001,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Harbor Capital Advisors Inc. lifted 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 purchasing an additional 55 shares during the last quarter. Barnes Dennig Private Wealth Management LLC increased its holdings in shares of 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 buying an additional 73 shares during the last quarter. Clearstead Trust LLC increased its holdings in shares of Allstate by 3,800.0% in the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after buying an additional 152 shares during the last quarter. Armstrong Advisory Group Inc. raised its position in shares of Allstate by 72.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock valued at $34,000 after buying an additional 67 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Allstate during the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. William Blair lowered shares of Allstate from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 18th. Zacks Research upgraded Allstate from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods raised their price objective on Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. boosted their target price on Allstate from $260.00 to $263.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and an average price target of $238.88.

Insider Buying and Selling at Allstate

In other news, insider Suren Gupta sold 19,593 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the transaction, the insider owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. This represents a 16.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

Allstate Trading Up 0.4%

NYSE ALL opened at $212.56 on Monday. The stock has a market cap of $55.17 billion, a P/E ratio of 5.57, a price-to-earnings-growth ratio of 0.44 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 50 day simple moving average of $204.65 and a two-hundred day simple moving average of $204.63. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37.

Allstate (NYSE:ALL) last issued its quarterly earnings data 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. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The business had revenue of $17.35 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the previous year, the firm earned $7.67 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be issued a dividend of $1.08 per share. This is a positive change from Allstate’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, March 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.0%. Allstate’s dividend payout ratio (DPR) is currently 11.31%.

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.