Securian Asset Management Inc. Sells 5,574 Shares of The Allstate Corporation $ALL

Securian Asset Management Inc. decreased its position in The Allstate Corporation (NYSE:ALL) by 43.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,115 shares of the insurance provider’s stock after selling 5,574 shares during the quarter. Securian Asset Management Inc.’s holdings in Allstate were worth $1,481,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Dorato Capital Management bought a new stake in Allstate in the 4th quarter worth approximately $27,000. Palisade Asset Management LLC bought a new stake in Allstate in the 3rd quarter worth approximately $31,000. Princeton Global Asset Management LLC lifted its position in Allstate by 101.3% in 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. South Plains Financial Inc. lifted its position in Allstate by 41.5% in the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after buying an additional 49 shares during the last quarter. Finally, Garner Asset Management Corp bought a new stake in Allstate in the fourth quarter valued at approximately $38,000. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

ALL opened at $213.81 on Tuesday. 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 Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $222.23. The stock has a market capitalization of $55.04 billion, a PE ratio of 4.72, a price-to-earnings-growth ratio of 0.39 and a beta of 0.21. The stock’s 50 day moving average price is $210.99 and its 200-day moving average price is $206.54.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The firm had revenue of $16.94 billion for the quarter, compared to analysts’ expectations of $15.24 billion. During the same period in the previous year, the firm earned $3.53 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that The Allstate Corporation will post 28.82 EPS for the current year.

Insider Activity

In other 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 transaction of $4,064,866.40. Following the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at approximately $17,991,267.60. The trade was a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Piper Sandler increased their price objective on Allstate from $252.00 to $268.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Keefe, Bruyette & Woods increased their price objective on Allstate from $260.00 to $266.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Wells Fargo & Company increased their price objective on Allstate from $229.00 to $243.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings raised Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, March 23rd. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $220.00 price objective on shares of Allstate in a research note on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and a consensus price target of $241.67.

About Allstate

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.