10,200 Shares in The Allstate Corporation $ALL Acquired by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of The Allstate Corporation (NYSE:ALL) in the first quarter, Holdings Channel.com reports. The institutional investor bought 10,200 shares of the insurance provider’s stock, valued at approximately $2,115,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Allstate in the fourth quarter worth $531,294,000. GQG Partners LLC increased its position in shares of Allstate by 36.0% during the fourth quarter. GQG Partners LLC now owns 5,488,560 shares of the insurance provider’s stock worth $1,142,449,000 after purchasing an additional 1,452,993 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Allstate by 29.2% during the 4th quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock valued at $1,042,321,000 after purchasing an additional 1,131,172 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Allstate by 1,766.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 869,139 shares of the insurance provider’s stock valued at $180,911,000 after purchasing an additional 822,583 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of Allstate during the 3rd quarter valued at $148,641,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Allstate

In other news, COO Mario Rizzo sold 18,578 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the completion of the transaction, the chief operating officer directly owned 82,227 shares in the company, valued at $17,991,267.60. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Q. Prindiville sold 1,550 shares of Allstate stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $216.27, for a total value of $335,218.50. Following the sale, the insider directly owned 27,558 shares of the company’s stock, valued at $5,959,968.66. This trade represents a 5.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 22,353 shares of company stock worth $4,851,560. 1.55% of the stock is currently owned by insiders.

Allstate Trading Down 0.2%

NYSE:ALL opened at $220.72 on Friday. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $227.62. The firm has a fifty day simple moving average of $215.95 and a 200-day simple moving average of $209.23. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $56.82 billion, a P/E ratio of 4.87, a PEG ratio of 0.40 and a beta of 0.18.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The firm had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. During the same period in the previous year, the company earned $3.53 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that The Allstate Corporation will post 29.55 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $4.32 dividend on an annualized basis and a yield of 2.0%. Allstate’s payout ratio is currently 9.53%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ALL. Wall Street Zen downgraded Allstate from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Citigroup increased their price target on Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Barclays raised their price target on Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a report on Wednesday, April 8th. Wells Fargo & Company boosted their price target on Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $260.00 price objective on shares of Allstate in a report on Tuesday, March 3rd. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $240.33.

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.