UniSuper Management Pty Ltd Boosts Holdings in The Allstate Corporation $ALL

UniSuper Management Pty Ltd raised its position in The Allstate Corporation (NYSE:ALL) by 14.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,327 shares of the insurance provider’s stock after acquiring an additional 3,075 shares during the period. UniSuper Management Pty Ltd’s holdings in Allstate were worth $5,222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in ALL. Guerra Pan Advisors LLC boosted its position in shares of Allstate by 1.5% in the 2nd quarter. Guerra Pan Advisors LLC now owns 3,426 shares of the insurance provider’s stock worth $690,000 after purchasing an additional 49 shares in the last quarter. Focus Financial Network Inc. raised its stake in Allstate by 1.1% in the third quarter. Focus Financial Network Inc. now owns 4,693 shares of the insurance provider’s stock valued at $1,012,000 after buying an additional 52 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Allstate by 4.7% in the second quarter. Parkside Financial Bank & Trust now owns 1,189 shares of the insurance provider’s stock worth $239,000 after acquiring an additional 53 shares in the last quarter. L2 Asset Management LLC grew its stake in shares of Allstate by 4.8% during the second quarter. L2 Asset Management LLC now owns 1,168 shares of the insurance provider’s stock worth $235,000 after acquiring an additional 53 shares during the last quarter. Finally, Cooper Financial Group grew its stake in shares of Allstate by 5.5% during the second quarter. Cooper Financial Group now owns 1,057 shares of the insurance provider’s stock worth $213,000 after acquiring an additional 55 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Mizuho set a $255.00 target price on shares of Allstate in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a report on Wednesday. UBS Group upped their target price on Allstate from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $215.00 price target (down previously from $245.00) on shares of Allstate in a research report on Tuesday, December 16th. Finally, Wall Street Zen downgraded Allstate from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $236.19.

Allstate Price Performance

NYSE:ALL opened at $193.54 on Monday. The firm’s fifty day moving average is $205.96 and its two-hundred day moving average is $203.38. The firm has a market cap of $50.65 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 0.42 and a beta of 0.24. 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 one year low of $176.00 and a one year high of $215.89.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, beating analysts’ consensus estimates of $5.48 by $5.69. Allstate had a return on equity of 35.42% and a net margin of 12.53%.The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same quarter last year, the business posted $3.91 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Research analysts expect that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. Allstate’s payout ratio is presently 12.95%.

Insider Buying and Selling

In other news, insider Suren Gupta sold 19,593 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the sale, the insider owned 100,646 shares of the company’s stock, valued at $21,135,660. This trade represents a 16.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 48,400 shares of company stock valued at $10,313,256. 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.