LSV Asset Management Has $131.34 Million Holdings in The Allstate Corporation $ALL

LSV Asset Management grew its holdings in shares of The Allstate Corporation (NYSE:ALL) by 542.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 631,005 shares of the insurance provider’s stock after buying an additional 532,770 shares during the period. LSV Asset Management owned approximately 0.24% of Allstate worth $131,344,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truist Financial Corp boosted its holdings in shares of Allstate by 4.7% during the 3rd quarter. Truist Financial Corp now owns 123,461 shares of the insurance provider’s stock worth $26,501,000 after buying an additional 5,542 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Allstate by 6.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 189,718 shares of the insurance provider’s stock worth $40,489,000 after buying an additional 12,225 shares in the last quarter. Caprock Group LLC bought a new position in shares of Allstate during the 3rd quarter worth approximately $3,598,000. Coastal Bridge Advisors LLC boosted its holdings in shares of Allstate by 530.6% during the 3rd quarter. Coastal Bridge Advisors LLC now owns 18,174 shares of the insurance provider’s stock worth $3,901,000 after buying an additional 15,292 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Allstate during the 3rd quarter worth approximately $7,814,000. 76.47% of the stock is currently owned by institutional investors.

Allstate Price Performance

Shares of ALL opened at $216.64 on Friday. The Allstate Corporation has a 12-month low of $188.08 and a 12-month high of $227.62. The business’s fifty day moving average is $212.27 and its 200 day moving average is $208.06. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The stock has a market cap of $55.77 billion, a P/E ratio of 4.78, a P/E/G ratio of 0.39 and a beta of 0.21.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The company had revenue of $16.94 billion for the quarter, compared to analysts’ expectations of $15.24 billion. During the same period last year, the business earned $3.53 EPS. Allstate’s quarterly revenue was up 3.0% compared to the same quarter last year. Sell-side analysts anticipate that The Allstate Corporation will post 29.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Allstate news, COO Mario Rizzo sold 18,578 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the transaction, the chief operating officer directly owned 82,227 shares in the company, valued at approximately $17,991,267.60. This trade represents a 18.43% 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 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Cantor Fitzgerald restated a “neutral” rating and set a $220.00 price target on shares of Allstate in a report on Thursday, February 5th. Citigroup increased their price target on Allstate from $221.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Raymond James Financial reiterated a “strong-buy” rating and issued a $260.00 target price on shares of Allstate in a report on Tuesday, March 3rd. Mizuho cut their target price on Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Finally, Wall Street Zen cut Allstate from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.67.

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.