The Allstate Corporation $ALL Stock Holdings Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in shares of The Allstate Corporation (NYSE:ALL) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,489 shares of the insurance provider’s stock after buying an additional 2,590 shares during the period. Nisa Investment Advisors LLC’s holdings in Allstate were worth $22,688,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Swedbank AB increased its holdings in shares of 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 last quarter. Woodline Partners LP bought a new position in Allstate during the third quarter worth $148,641,000. Ameriprise Financial Inc. lifted its stake in Allstate by 52.7% during the second quarter. Ameriprise Financial Inc. now owns 1,385,901 shares of the insurance provider’s stock worth $279,062,000 after purchasing an additional 478,598 shares during the last quarter. Danske Bank A S acquired a new position in Allstate in the third quarter worth $100,596,000. Finally, Dimensional Fund Advisors LP increased its stake 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 valued at $559,435,000 after purchasing an additional 401,700 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Price Performance

Shares of NYSE ALL opened at $207.16 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market capitalization of $53.77 billion, a PE ratio of 5.42, a P/E/G ratio of 0.42 and a beta of 0.23. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $216.75. The business’s fifty day moving average price is $205.61 and its two-hundred day moving average price is $205.00.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.72 by $5.59. The company had revenue of $17.35 billion during the quarter, compared to the consensus estimate of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.67 earnings per share. On average, research 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. Investors of record on Monday, March 2nd will be given a $1.08 dividend. The ex-dividend date is Monday, March 2nd. This represents a $4.32 annualized dividend and a yield of 2.1%. This is a boost from Allstate’s previous quarterly dividend of $1.00. Allstate’s payout ratio is 11.31%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, February 10th. Citigroup lifted their price target on shares of Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Wells Fargo & Company dropped their price objective on shares of Allstate from $228.00 to $227.00 and set an “equal weight” rating on the stock in a research note on Friday, February 20th. Cantor Fitzgerald reissued a “neutral” rating and issued a $220.00 target price on shares of Allstate in a report on Thursday, February 5th. Finally, TD Cowen downgraded Allstate from a “buy” rating to a “hold” rating in a research note on Monday, January 12th. Four 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 given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $237.94.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 19,593 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were 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 in the company, valued at approximately $21,135,660. This represents a 16.30% decrease in their position. The transaction 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 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.