Baader Bank Aktiengesellschaft Acquires 3,271 Shares of The Allstate Corporation $ALL

Baader Bank Aktiengesellschaft lifted its stake in The Allstate Corporation (NYSE:ALL) by 165.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,248 shares of the insurance provider’s stock after purchasing an additional 3,271 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Allstate were worth $1,125,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ALL. Harbor Capital Advisors Inc. grew its holdings in shares of Allstate by 79.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Barnes Dennig Private Wealth Management LLC lifted its position in Allstate by 112.3% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 73 shares during the period. Clearstead Trust LLC grew its stake in Allstate by 3,800.0% during the second quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after buying an additional 152 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Allstate by 315.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock valued at $33,000 after buying an additional 126 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of Allstate by 72.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 67 shares during the period. Institutional investors own 76.47% of the company’s stock.

Insiders Place Their Bets

In other news, insider Suren Gupta sold 19,593 shares of Allstate stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the transaction, the insider directly owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. This trade represents a 16.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 48,400 shares of company stock worth $10,313,256. Company insiders own 1.70% of the company’s stock.

Allstate Price Performance

Shares of ALL opened at $204.54 on Thursday. The business has a 50-day moving average of $203.43 and a 200-day moving average of $203.96. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.43. The company has a market capitalization of $53.52 billion, a price-to-earnings ratio of 5.36, a price-to-earnings-growth ratio of 0.43 and a beta of 0.23. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $216.75.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. The business had revenue of $14.57 billion during the quarter, compared to the consensus estimate of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.67 EPS. As a group, equities research analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.1%. This is an increase from Allstate’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, March 2nd. Allstate’s payout ratio is currently 10.47%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ALL shares. JPMorgan Chase & Co. lifted their price objective on shares of Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Zacks Research cut Allstate from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Morgan Stanley restated an “equal weight” rating and set a $215.00 price objective (down from $245.00) on shares of Allstate in a research report on Tuesday, December 16th. Evercore set a $225.00 target price on Allstate in a research report on Wednesday, January 7th. Finally, Wells Fargo & Company increased their target price on shares of Allstate from $223.00 to $228.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $239.35.

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.