The Allstate Corporation $ALL Shares Purchased by AIA Group Ltd

AIA Group Ltd boosted its stake in shares of The Allstate Corporation (NYSE:ALL) by 479.8% in the 3rd quarter, Holdings Channel reports. The fund owned 13,190 shares of the insurance provider’s stock after buying an additional 10,915 shares during the period. AIA Group Ltd’s holdings in Allstate were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of ALL. Harbor Capital Advisors Inc. boosted its position in Allstate by 79.7% in 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 increased its holdings in shares of Allstate by 112.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 73 shares in the last quarter. Palisade Asset Management LLC acquired a new position in shares of Allstate in the 3rd quarter valued at $31,000. Armstrong Advisory Group Inc. boosted its holdings in Allstate by 72.0% during the third quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock worth $34,000 after buying an additional 67 shares in the last quarter. Finally, South Plains Financial Inc. boosted its holdings in Allstate by 41.5% during the third quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after buying an additional 49 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Suren Gupta sold 19,593 shares of the stock in a transaction on 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 represents a 16.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ALL. Evercore set a $225.00 price objective on shares of Allstate in a report on Wednesday, January 7th. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price target on Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $231.00 price target on shares of Allstate in a report on Thursday, March 5th. Finally, William Blair downgraded Allstate from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 18th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.88.

Allstate Trading Down 0.2%

Shares of Allstate stock opened at $203.94 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $216.75. The firm has a market capitalization of $52.93 billion, a PE ratio of 5.34, a P/E/G ratio of 0.42 and a beta of 0.23. The firm’s 50-day moving average price is $204.37 and its 200 day moving average price is $204.76.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, topping the consensus estimate of $8.72 by $5.59. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The company had revenue of $17.35 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same period in the previous year, the business earned $7.67 EPS. Allstate’s quarterly revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal 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 given a dividend of $1.08 per share. The ex-dividend date is Monday, March 2nd. This is a positive change from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 annualized dividend and a dividend yield of 2.1%. Allstate’s dividend payout ratio (DPR) is presently 11.31%.

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.