The Allstate Corporation $ALL Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of The Allstate Corporation (NYSE:ALLFree Report) by 255.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,455 shares of the insurance provider’s stock after purchasing an additional 70,722 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Allstate were worth $21,133,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ALL. Howe & Rusling Inc. increased its holdings in shares of Allstate by 45.9% during the 3rd quarter. Howe & Rusling Inc. now owns 1,984 shares of the insurance provider’s stock worth $426,000 after buying an additional 624 shares during the last quarter. Optimize Financial Inc grew its position in Allstate by 19.7% in the third quarter. Optimize Financial Inc now owns 2,238 shares of the insurance provider’s stock worth $480,000 after acquiring an additional 369 shares during the period. J.W. Cole Advisors Inc. increased its stake in Allstate by 3.8% during the third quarter. J.W. Cole Advisors Inc. now owns 12,054 shares of the insurance provider’s stock worth $2,587,000 after acquiring an additional 436 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of Allstate by 25.6% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,771 shares of the insurance provider’s stock valued at $813,000 after purchasing an additional 769 shares during the last quarter. Finally, Premier Path Wealth Partners LLC grew its holdings in shares of Allstate by 3.0% during the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,531 shares of the insurance provider’s stock worth $543,000 after purchasing an additional 74 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Key Headlines Impacting Allstate

Here are the key news stories impacting Allstate this week:

Insider Activity

In other news, insider Suren Gupta sold 21,871 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $215.21, for a total value of $4,706,857.91. Following the transaction, the insider owned 100,646 shares in the company, valued at approximately $21,660,025.66. This represents a 17.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 48,400 shares of company stock worth $10,313,256. Corporate insiders own 1.70% of the company’s stock.

Allstate Stock Performance

Shares of ALL opened at $207.05 on Thursday. The stock has a 50-day simple moving average of $203.97 and a 200-day simple moving average of $203.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.43 and a current ratio of 0.43. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.89. The stock has a market capitalization of $54.18 billion, a PE ratio of 6.70, a PEG ratio of 0.44 and a beta of 0.23.

Allstate (NYSE:ALLGet Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. Allstate had a net margin of 12.53% and a return on equity of 35.42%. During the same period in the prior year, the company earned $7.67 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, December 1st. Allstate’s payout ratio is 12.95%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALL. TD Cowen cut shares of Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. Wells Fargo & Company boosted their target price on Allstate from $216.00 to $223.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group set a $227.00 price target on Allstate in a research report on Wednesday, January 7th. JPMorgan Chase & Co. boosted their price objective on Allstate from $254.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, Keefe, Bruyette & Woods raised their target price on Allstate from $250.00 to $254.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.19.

Check Out Our Latest Research Report on ALL

About Allstate

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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