Skandinaviska Enskilda Banken AB publ grew its position in shares of Allstate Corp (NYSE:ALL) by 192.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 175,309 shares of the insurance provider’s stock after buying an additional 115,300 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.05% of Allstate worth $17,303,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Allstate in the 3rd quarter worth approximately $110,000. Kiley Juergens Wealth Management LLC bought a new stake in shares of Allstate in the 2nd quarter worth approximately $124,000. Cornerstone Wealth Management LLC bought a new stake in shares of Allstate in the 3rd quarter worth approximately $146,000. Denali Advisors LLC bought a new stake in shares of Allstate in the 3rd quarter worth approximately $158,000. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Allstate by 150.0% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,750 shares of the insurance provider’s stock worth $160,000 after purchasing an additional 1,050 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.
In related news, EVP Harriet K. Harty sold 10,515 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $98.87, for a total value of $1,039,618.05. Following the sale, the executive vice president now directly owns 14,606 shares in the company, valued at approximately $1,444,095.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jesse E. Merten sold 696 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $92.12, for a total value of $64,115.52. Following the completion of the sale, the executive vice president now owns 2,102 shares in the company, valued at $193,636.24. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.
ALL opened at $93.72 on Friday. Allstate Corp has a 12 month low of $88.29 and a 12 month high of $105.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $31.87 billion, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 1.20 and a beta of 0.87.
Allstate (NYSE:ALL) last posted its earnings results on Wednesday, October 31st. The insurance provider reported $1.93 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.28). Allstate had a net margin of 9.38% and a return on equity of 15.48%. The business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.51 billion. During the same quarter in the prior year, the business earned $1.60 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. As a group, research analysts expect that Allstate Corp will post 9.24 earnings per share for the current fiscal year.
Several analysts recently issued reports on ALL shares. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a report on Monday, August 27th. Credit Suisse Group cut their price target on Allstate from $114.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, August 28th. Citigroup set a $115.00 price target on Allstate and gave the stock a “buy” rating in a report on Friday, October 12th. Wells Fargo & Co reissued a “hold” rating on shares of Allstate in a report on Thursday, August 16th. Finally, B. Riley raised their price target on Allstate from $88.00 to $103.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $103.92.
The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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