Aberdeen Group plc Has $53.27 Million Stake in The Allstate Corporation $ALL

Aberdeen Group plc boosted its position in The Allstate Corporation (NYSE:ALL) by 25.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 252,151 shares of the insurance provider’s stock after buying an additional 50,677 shares during the quarter. Aberdeen Group plc’s holdings in Allstate were worth $53,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Allstate during the second quarter worth approximately $482,870,000. Swedbank AB increased its position in Allstate by 2,157.8% during the third quarter. Swedbank AB now owns 861,725 shares of the insurance provider’s stock worth $184,969,000 after acquiring an additional 823,559 shares during the period. Ameriprise Financial Inc. raised its stake in Allstate by 52.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,385,901 shares of the insurance provider’s stock valued at $279,062,000 after purchasing an additional 478,598 shares during the last quarter. Vanguard Group Inc. grew its position in Allstate by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock worth $6,690,584,000 after purchasing an additional 435,145 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Allstate during the 2nd quarter worth about $68,590,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Transactions at Allstate

In other news, insider Suren Gupta sold 19,593 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 46,600 shares of company stock valued at $9,926,140. Insiders own 1.70% of the company’s stock.

Allstate Price Performance

Allstate stock opened at $207.41 on Monday. The company has a current ratio of 0.37, a quick ratio of 0.43 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $54.28 billion, a P/E ratio of 5.43, a PEG ratio of 0.44 and a beta of 0.24. The business has a 50-day moving average of $203.54 and a 200-day moving average of $204.24. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $216.75.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.72 by $5.59. The company 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 firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.67 earnings per share. On average, equities analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Increases Dividend

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

Analyst Ratings Changes

ALL has been the subject of several recent research reports. Roth Mkm upped their price target on Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a research note on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $238.00 target price on shares of Allstate in a research report on Saturday, February 7th. Zacks Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.