The Allstate Corporation $ALL Shares Purchased by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd raised its holdings in The Allstate Corporation (NYSE:ALL) by 80.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,220,984 shares of the insurance provider’s stock after purchasing an additional 544,874 shares during the quarter. Allstate accounts for about 1.2% of AustralianSuper Pty Ltd’s holdings, making the stock its 15th biggest position. AustralianSuper Pty Ltd’s holdings in Allstate were worth $254,148,000 at the end of the most recent quarter.

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

Allstate Price Performance

ALL stock opened at $216.29 on Friday. The stock’s 50 day moving average price is $211.13 and its 200 day moving average price is $206.99. The firm has a market cap of $55.68 billion, a P/E ratio of 4.77, a PEG ratio of 0.39 and a beta of 0.21. 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 1 year low of $188.08 and a 1 year high of $222.23.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, topping 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 company had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $15.24 billion. During the same quarter last year, the business posted $3.53 earnings per share. Allstate’s revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts expect that The Allstate Corporation will post 28.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ALL shares. Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $260.00 to $266.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Wall Street Zen cut Allstate from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Mizuho lowered 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, Raymond James Financial restated a “strong-buy” rating and issued a $260.00 price target on shares of Allstate in a research report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average target price of $241.67.

Insiders Place Their Bets

In related news, COO Mario Rizzo sold 18,578 shares of the business’s 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 completion of the transaction, the chief operating officer 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.