Nisa Investment Advisors LLC Increases Stock Holdings in The Allstate Corporation $ALL

Nisa Investment Advisors LLC increased its holdings in shares of The Allstate Corporation (NYSE:ALL) by 18.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 105,899 shares of the insurance provider’s stock after purchasing an additional 16,483 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Allstate were worth $22,838,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position 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 worth $1,253,000 after acquiring an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in Allstate during the fourth quarter worth approximately $231,000. Ashton Thomas Private Wealth LLC raised its stake in Allstate by 2.4% during the first quarter. Ashton Thomas Private Wealth LLC now owns 3,224 shares of the insurance provider’s stock worth $671,000 after purchasing an additional 75 shares during the period. Empowered Funds LLC boosted its holdings in shares of Allstate by 12.6% in the 1st quarter. Empowered Funds LLC now owns 16,302 shares of the insurance provider’s stock valued at $3,376,000 after purchasing an additional 1,830 shares during the last quarter. Finally, Integrity Alliance LLC. purchased a new stake in shares of Allstate during the 1st quarter valued at $1,205,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Trading Up 0.6%

NYSE ALL opened at $212.34 on Friday. The stock has a market cap of $55.56 billion, a P/E ratio of 6.87, a PEG ratio of 0.47 and a beta of 0.24. The company’s fifty day simple moving average is $207.34 and its 200-day simple moving average is $203.27. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.32. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $215.89.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.48 by $5.69. Allstate had a net margin of 12.53% and a return on equity of 35.42%. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter in the previous year, the firm posted $3.91 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were paid a $1.00 dividend. The ex-dividend date was Monday, December 1st. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. Allstate’s payout ratio is 12.95%.

Analyst Ratings Changes

Several research analysts recently weighed in on ALL shares. BMO Capital Markets increased their target price on Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. upped their price target on Allstate from $254.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Mizuho began coverage on Allstate in a research note on Monday, December 15th. They issued an “outperform” rating and a $254.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and an average price target of $236.00.

Insider Buying and Selling

In other Allstate news, insider Suren Gupta sold 21,871 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $215.21, for a total transaction of $4,706,857.91. Following the completion of the sale, the insider owned 100,646 shares in the company, valued at $21,660,025.66. This trade represents a 17.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 48,400 shares of company stock valued at $10,313,256 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Allstate 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.