Arbejdsmarkedets Tillaegspension Raises Holdings in The Allstate Corporation $ALL

Arbejdsmarkedets Tillaegspension grew its stake in shares of The Allstate Corporation (NYSE:ALL) by 5.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,216 shares of the insurance provider’s stock after acquiring an additional 6,529 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in Allstate were worth $25,340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MV Capital Management Inc. acquired a new stake in Allstate in the 4th quarter worth approximately $25,000. Navalign LLC acquired a new position in Allstate during the 4th quarter valued at approximately $27,000. Dorato Capital Management purchased a new position in shares of Allstate in the fourth quarter worth $27,000. Evolution Wealth Management Inc. raised its holdings in shares of Allstate by 7,000.0% in the first quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock worth $29,000 after buying an additional 140 shares during the last quarter. Finally, Palisade Asset Management LLC acquired a new stake in shares of Allstate during the third quarter worth $31,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Trading Up 0.0%

Shares of Allstate stock opened at $251.64 on Monday. The stock has a market cap of $64.78 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 0.44 and a beta of 0.16. The firm has a fifty day moving average price of $224.15 and a 200 day moving average price of $213.04. The Allstate Corporation has a 1 year low of $188.08 and a 1 year high of $257.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, beating the consensus estimate of $7.31 by $3.34. The company had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.53 earnings per share. Equities research analysts predict that The Allstate Corporation will post 29.99 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be paid a $1.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.7%. Allstate’s dividend payout ratio is presently 9.53%.

Trending Headlines about Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Mizuho raised its price target on Allstate to $272 from $255 and kept an outperform rating, signaling confidence that the stock still has upside from recent levels.
• Positive Sentiment: Several recent articles argued that Allstate looks undervalued after earnings and may benefit from a relatively favorable catastrophe year, which could help underwriting results and profits.
• Neutral Sentiment: Allstate declared a quarterly dividend of $1.08 per share, reinforcing shareholder returns but not necessarily changing the near-term trading story.
• Neutral Sentiment: Comparative coverage versus Progressive and other insurance peers kept attention on Allstate’s valuation, but this was more of a relative-stock discussion than a direct catalyst.
• Negative Sentiment: Oklahoma Attorney General Gentner Drummond sued Allstate, alleging the insurer defrauded customers, adding a fresh legal overhang that could raise compliance and settlement concerns. Article Title
• Negative Sentiment: Allstate also drew attention after accusing Broadcom of auditing it because it ended its VMware/CA relationship, another sign of ongoing legal or contractual friction. Article Title

Insider Transactions at Allstate

In other Allstate news, insider Mark Q. Prindiville sold 1,550 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $216.27, for a total value of $335,218.50. Following the completion of the transaction, the insider directly owned 27,558 shares of the company’s stock, valued at approximately $5,959,968.66. The trade was a 5.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrea Redmond sold 2,225 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $202.91, for a total value of $451,474.75. Following the completion of the transaction, the director directly owned 2,225 shares of the company’s stock, valued at $451,474.75. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,353 shares of company stock worth $4,851,560 over the last quarter. 1.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALL. Piper Sandler reissued an “overweight” rating on shares of Allstate in a report on Thursday, May 28th. Evercore set a $240.00 price target on Allstate in a research report on Friday. Morgan Stanley boosted their price target on Allstate from $215.00 to $240.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Zacks Research lowered Allstate from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Cantor Fitzgerald raised their price objective on Allstate from $236.00 to $242.00 and gave the stock a “neutral” rating in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $248.26.

About Allstate

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.