Axa S.A. Raises Stock Position in The Allstate Corporation $ALL

Axa S.A. increased its position in shares of The Allstate Corporation (NYSE:ALL) by 158.2% during the second quarter, HoldingsChannel.com reports. The fund owned 150,428 shares of the insurance provider’s stock after acquiring an additional 92,175 shares during the period. Axa S.A.’s holdings in Allstate were worth $30,283,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ALL. Avantax Advisory Services Inc. grew its position in Allstate by 3.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 23,573 shares of the insurance provider’s stock valued at $4,745,000 after purchasing an additional 704 shares during the last quarter. Commonwealth Retirement Investments LLC grew its holdings in shares of Allstate by 103.5% during the second quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock valued at $2,609,000 after buying an additional 6,590 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Allstate during the first quarter valued at approximately $22,405,000. Advisors Capital Management LLC purchased a new position in Allstate in the 1st quarter worth approximately $301,000. Finally, McGowan Group Asset Management Inc. raised its holdings in Allstate by 1,020.8% in the 2nd quarter. McGowan Group Asset Management Inc. now owns 34,666 shares of the insurance provider’s stock worth $6,979,000 after acquiring an additional 31,573 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Insider Activity at Allstate

In other news, insider Suren Gupta sold 21,871 shares of Allstate stock in a transaction dated 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 transaction, the insider directly owned 100,646 shares of the company’s stock, valued at $21,660,025.66. The trade was a 17.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 28,807 shares of company stock valued at $6,198,726 over the last 90 days. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ALL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their price target on Allstate from $246.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Roth Capital boosted their target price on Allstate from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Wolfe Research raised shares of Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. JPMorgan Chase & Co. lifted their price target on shares of Allstate from $254.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Finally, UBS Group increased their price objective on shares of Allstate from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $237.92.

Allstate Stock Up 0.0%

Shares of ALL stock opened at $200.94 on Wednesday. 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 12 month low of $176.00 and a 12 month high of $215.89. The stock has a market cap of $52.58 billion, a P/E ratio of 6.50, a P/E/G ratio of 0.38 and a beta of 0.25. The company has a 50 day simple moving average of $204.00 and a two-hundred day simple moving average of $202.41.

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

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be given a $1.00 dividend. The ex-dividend date is Monday, December 1st. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. Allstate’s dividend payout ratio is presently 12.95%.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.