Vinva Investment Management Ltd Grows Stock Holdings in The Allstate Corporation $ALL

Vinva Investment Management Ltd increased its position in The Allstate Corporation (NYSE:ALL) by 32.7% during the third quarter, HoldingsChannel.com reports. The firm owned 23,672 shares of the insurance provider’s stock after acquiring an additional 5,836 shares during the quarter. Vinva Investment Management Ltd’s holdings in Allstate were worth $5,001,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ALL. Brighton Jones LLC increased its holdings in shares of Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after purchasing an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Allstate during the fourth quarter valued at $231,000. Atlantic Union Bankshares Corp boosted its position in shares of Allstate by 4.2% during the second quarter. Atlantic Union Bankshares Corp now owns 4,331 shares of the insurance provider’s stock valued at $872,000 after buying an additional 176 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Allstate during the second quarter valued at $1,988,000. Finally, KCM Investment Advisors LLC increased its holdings in Allstate by 5.0% in the 2nd quarter. KCM Investment Advisors LLC now owns 13,412 shares of the insurance provider’s stock worth $2,700,000 after buying an additional 643 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Mizuho upped their target price on shares of Allstate from $255.00 to $281.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. William Blair lowered shares of Allstate from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Zacks Research upgraded shares of Allstate from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Wells Fargo & Company dropped their target price on shares of Allstate from $228.00 to $227.00 and set an “equal weight” rating on the stock in a report on Friday, February 20th. Finally, Citigroup boosted their target price on shares of Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $238.88.

Allstate Stock Up 0.4%

NYSE ALL opened at $212.56 on Monday. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $216.75. 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 stock has a market cap of $55.17 billion, a PE ratio of 5.57, a P/E/G ratio of 0.44 and a beta of 0.23. The stock’s 50 day moving average is $204.65 and its 200 day moving average is $204.63.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) 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 net margin of 15.19% and a return on equity of 39.20%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $7.67 EPS. Research analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal 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 paid a dividend of $1.08 per share. 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. This represents a $4.32 annualized dividend and a yield of 2.0%. Allstate’s dividend payout ratio is 11.31%.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 19,593 shares of Allstate stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total value of $4,114,530.00. Following the sale, the insider directly owned 100,646 shares in the company, valued at approximately $21,135,660. The trade was a 16.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.

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.