Alberta Investment Management Corp Purchases 4,200 Shares of The Allstate Corporation $ALL

Alberta Investment Management Corp boosted its position in shares of The Allstate Corporation (NYSE:ALL) by 18.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 26,800 shares of the insurance provider’s stock after acquiring an additional 4,200 shares during the quarter. Alberta Investment Management Corp’s holdings in Allstate were worth $5,753,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ALL. Norges Bank bought a new position in shares of Allstate during the second quarter valued at approximately $482,870,000. Swedbank AB lifted its stake in shares of Allstate by 2,157.8% during the 3rd quarter. Swedbank AB now owns 861,725 shares of the insurance provider’s stock worth $184,969,000 after acquiring an additional 823,559 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Allstate by 52.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,385,901 shares of the insurance provider’s stock valued at $279,062,000 after acquiring an additional 478,598 shares during the period. Vanguard Group Inc. grew its position in Allstate by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock valued at $6,690,584,000 after acquiring an additional 435,145 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in Allstate in the second quarter worth $68,590,000. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of ALL opened at $209.58 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.43 and a current ratio of 0.37. The company has a 50 day moving average price of $204.07 and a 200-day moving average price of $204.39. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $216.75. The stock has a market capitalization of $54.84 billion, a PE ratio of 5.49, a PEG ratio of 0.45 and a beta of 0.23.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.72 by $5.59. The company had revenue of $14.57 billion for the quarter, compared to analyst estimates of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. Allstate’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $7.67 earnings per share. Equities analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio is presently 10.47%.

Insider Buying and Selling at Allstate

In other Allstate news, insider Suren Gupta sold 19,593 shares of Allstate stock in a transaction dated 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 transaction, the insider owned 100,646 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 46,600 shares of company stock worth $9,926,140. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

ALL has been the subject of a number of recent analyst reports. William Blair lowered shares of Allstate from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $238.00 target price on shares of Allstate in a research report on Saturday, February 7th. Evercore set a $225.00 price target on shares of Allstate in a research note on Wednesday, January 7th. Finally, Mizuho increased their price objective on Allstate from $255.00 to $281.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $239.35.

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.