World Investment Advisors Acquires 8,290 Shares of The Allstate Corporation $ALL

World Investment Advisors lifted its position in The Allstate Corporation (NYSE:ALL) by 26.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,946 shares of the insurance provider’s stock after purchasing an additional 8,290 shares during the quarter. World Investment Advisors’ holdings in Allstate were worth $7,752,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ALL. Truist Financial Corp grew its position in Allstate by 4.7% in the third quarter. Truist Financial Corp now owns 123,461 shares of the insurance provider’s stock worth $26,501,000 after acquiring an additional 5,542 shares in the last quarter. Jones Financial Companies Lllp grew its position in Allstate by 6.9% in the third quarter. Jones Financial Companies Lllp now owns 189,718 shares of the insurance provider’s stock worth $40,489,000 after acquiring an additional 12,225 shares in the last quarter. Coastal Bridge Advisors LLC grew its position in Allstate by 530.6% in the third quarter. Coastal Bridge Advisors LLC now owns 18,174 shares of the insurance provider’s stock worth $3,901,000 after acquiring an additional 15,292 shares in the last quarter. Caprock Group LLC purchased a new position in shares of Allstate during the third quarter valued at approximately $3,598,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Allstate during the third quarter valued at approximately $1,862,000. 76.47% of the stock is owned by institutional investors.

Allstate Stock Down 0.1%

Shares of NYSE ALL opened at $215.35 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market capitalization of $55.44 billion, a price-to-earnings ratio of 4.75, a PEG ratio of 0.39 and a beta of 0.21. The stock has a 50 day moving average price of $211.07 and a 200 day moving average price of $206.83. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $222.23.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. The firm had revenue of $16.94 billion during the quarter, compared to analyst estimates of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.Allstate’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.53 earnings per share. Sell-side analysts expect that The Allstate Corporation will post 28.82 earnings per share for the current year.

Analysts Set New Price Targets

ALL has been the subject of several recent analyst reports. Piper Sandler boosted their target price on Allstate from $252.00 to $268.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Mizuho dropped their target price on Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. The Goldman Sachs Group restated a “neutral” rating and set a $231.00 target price on shares of Allstate in a research report on Thursday, March 5th. Cantor Fitzgerald restated a “neutral” rating and set a $220.00 target price on shares of Allstate in a research report on Thursday, February 5th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $260.00 target price on shares of Allstate in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $241.67.

Insider Activity

In related news, COO Mario Rizzo sold 18,578 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the completion of the sale, the chief operating officer owned 82,227 shares in the company, valued at approximately $17,991,267.60. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.55% of the company’s stock.

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.