The Allstate Corporation $ALL Shares Purchased by Swiss National Bank

Swiss National Bank boosted its stake in The Allstate Corporation (NYSE:ALL) by 6.4% in the first quarter, Holdings Channel.com reports. The fund owned 767,900 shares of the insurance provider’s stock after buying an additional 46,200 shares during the quarter. Swiss National Bank’s holdings in Allstate were worth $159,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ALL. MV Capital Management Inc. acquired a new stake in shares of Allstate during the fourth quarter worth about $25,000. Dorato Capital Management purchased a new stake in shares of Allstate in the 4th quarter valued at about $27,000. Navalign LLC acquired a new stake in shares of Allstate in the 4th quarter valued at about $27,000. Evolution Wealth Management Inc. boosted its position in shares of Allstate by 7,000.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 140 shares during the period. Finally, Princeton Global Asset Management LLC grew its stake in Allstate by 101.3% during the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock worth $31,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ALL. Keefe, Bruyette & Woods lifted their price target on Allstate from $242.00 to $255.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 8th. Atlantic Securities set a $319.00 price objective on Allstate in a report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Allstate from $263.00 to $282.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Piper Sandler reaffirmed an “overweight” rating on shares of Allstate in a report on Thursday, May 28th. Finally, Wells Fargo & Company upped their price target on shares of Allstate from $229.00 to $243.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.80.

Insider Activity

In other news, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $218.80, for a total value of $4,064,866.40. Following the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at $17,991,267.60. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Q. Prindiville sold 1,550 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $216.27, for a total transaction of $335,218.50. Following the transaction, the insider owned 27,558 shares in the company, valued at approximately $5,959,968.66. This trade represents a 5.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,353 shares of company stock valued at $4,851,560 over the last quarter. Corporate insiders own 1.55% of the company’s stock.

Allstate Price Performance

Allstate stock opened at $249.84 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The business has a 50 day simple moving average of $227.29 and a 200-day simple moving average of $214.40. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $257.67. The stock has a market capitalization of $64.31 billion, a PE ratio of 5.51, a price-to-earnings-growth ratio of 0.43 and a beta of 0.16.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. The firm had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. Allstate’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $3.53 EPS. Equities analysts predict that The Allstate Corporation will post 30.4 earnings per share for the current year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, August 31st. Allstate’s dividend payout ratio (DPR) is 9.53%.

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.