Polianta Ltd Purchases New Position in The Allstate Corporation $ALL

Polianta Ltd purchased a new stake in shares of The Allstate Corporation (NYSE:ALL) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,800 shares of the insurance provider’s stock, valued at approximately $1,415,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Allstate by 60.2% in the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after purchasing an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in Allstate during the fourth quarter worth $231,000. Schroder Investment Management Group grew its holdings in Allstate by 23.9% during the second quarter. Schroder Investment Management Group now owns 74,053 shares of the insurance provider’s stock worth $14,908,000 after buying an additional 14,285 shares in the last quarter. West Family Investments Inc. raised its position in Allstate by 38.7% in the 2nd quarter. West Family Investments Inc. now owns 1,580 shares of the insurance provider’s stock valued at $318,000 after buying an additional 441 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Allstate by 1.5% in the 2nd quarter. New York State Common Retirement Fund now owns 170,570 shares of the insurance provider’s stock valued at $34,337,000 after buying an additional 2,500 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Suren Gupta sold 19,593 shares of the 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 of the company’s stock, valued at $21,135,660. This represents a 16.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ALL shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $220.00 price objective on shares of Allstate in a report on Thursday, February 5th. Citigroup increased their target price on shares of Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Keefe, Bruyette & Woods raised their price target on shares of Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. Mizuho cut their price target on shares of Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Finally, William Blair downgraded shares of Allstate from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 18th. Four equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $237.94.

Allstate Stock Up 2.2%

ALL stock opened at $207.12 on Tuesday. The stock has a market cap of $53.76 billion, a P/E ratio of 5.42, a P/E/G ratio of 0.41 and a beta of 0.23. 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 stock’s fifty day simple moving average is $205.33 and its two-hundred day simple moving average is $204.95. 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 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 39.20% and a net margin of 15.19%.The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $7.67 EPS. Analysts expect that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be given a $1.08 dividend. This is a positive change from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, March 2nd. Allstate’s payout ratio is presently 11.31%.

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.