Korea Investment CORP Has $82.29 Million Position in The Allstate Corporation $ALL

Korea Investment CORP lifted its holdings in shares of The Allstate Corporation (NYSE:ALL) by 55.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 383,377 shares of the insurance provider’s stock after acquiring an additional 136,808 shares during the period. Korea Investment CORP’s holdings in Allstate were worth $82,292,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Harbor Capital Advisors Inc. increased its holdings in Allstate by 79.7% during 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 boosted its position in shares of Allstate by 112.3% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after buying an additional 73 shares during the last quarter. Clearstead Trust LLC grew its holdings in Allstate by 3,800.0% during the second quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after buying an additional 152 shares in the last quarter. Armstrong Advisory Group Inc. grew 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, Steigerwald Gordon & Koch Inc. purchased a new stake in Allstate in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Up 0.4%

Allstate stock opened at $212.56 on Friday. The firm has a 50 day simple moving average of $204.65 and a 200 day simple moving average of $204.70. 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 1-year low of $176.00 and a 1-year high of $216.75. The firm has a market capitalization of $55.17 billion, a price-to-earnings ratio of 5.57, a P/E/G ratio of 0.44 and a beta of 0.23.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. The business had revenue of $17.35 billion during the quarter, compared to analyst estimates of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.67 EPS. On average, analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.0%. This is a boost from Allstate’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, March 2nd. Allstate’s dividend payout ratio (DPR) is presently 11.31%.

Analyst Ratings Changes

A number of research firms recently weighed in on ALL. Weiss Ratings reissued a “buy (b)” rating on shares of Allstate in a research report on Wednesday, January 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $215.00 price objective (down from $245.00) on shares of Allstate in a research note on Tuesday, December 16th. Zacks Research upgraded Allstate from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. TD Cowen lowered Allstate from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, William Blair downgraded Allstate from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 18th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $238.88.

Insider Buying and Selling

In other news, insider Suren Gupta sold 19,593 shares of the company’s 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 completion of the transaction, the insider directly owned 100,646 shares in the company, 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 this link. 1.70% of the stock is currently owned by corporate insiders.

Allstate Company 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.