Andra AP fonden Sells 18,300 Shares of The Allstate Corporation $ALL

Andra AP fonden trimmed its position in shares of The Allstate Corporation (NYSE:ALL) by 75.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,000 shares of the insurance provider’s stock after selling 18,300 shares during the quarter. Andra AP fonden’s holdings in Allstate were worth $1,288,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC grew its position in shares of Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after buying an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Allstate during the 4th quarter worth approximately $231,000. Arkadios Wealth Advisors raised its holdings in shares of Allstate by 8.4% during the second quarter. Arkadios Wealth Advisors now owns 5,370 shares of the insurance provider’s stock valued at $1,081,000 after purchasing an additional 415 shares during the period. Assetmark Inc. raised its stake in Allstate by 6.9% during the 2nd quarter. Assetmark Inc. now owns 49,579 shares of the insurance provider’s stock worth $9,981,000 after buying an additional 3,182 shares during the period. Finally, Savvy Advisors Inc. increased its holdings in shares of Allstate by 34.8% during the second quarter. Savvy Advisors Inc. now owns 1,684 shares of the insurance provider’s stock valued at $339,000 after acquiring an additional 435 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

NYSE ALL opened at $214.17 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37. The company has a fifty day moving average of $204.23 and a 200-day moving average of $204.50. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $216.75. The company has a market capitalization of $55.59 billion, a P/E ratio of 5.61, a P/E/G ratio of 0.45 and a beta of 0.23.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, beating the consensus estimate of $8.72 by $5.59. The firm had revenue of $17.35 billion for the quarter, compared to analyst estimates of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $7.67 EPS. As a group, equities research analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, March 2nd. This is a boost from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio is 10.47%.

Insider Buying and Selling

In other Allstate news, insider Suren Gupta sold 19,593 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the sale, the insider directly owned 100,646 shares of the company’s stock, valued at $21,135,660. The trade was a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ALL. Zacks Research upgraded Allstate from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. BMO Capital Markets lifted their target price on shares of Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Morgan Stanley reiterated an “equal weight” rating and set a $215.00 target price (down from $245.00) on shares of Allstate in a research note on Tuesday, December 16th. Citigroup lifted their price target on shares of Allstate from $216.00 to $221.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Finally, William Blair lowered Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and one has assigned 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 $239.29.

Allstate 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.