Kepler Cheuvreux Suisse SA Has $2.69 Million Stock Holdings in The Allstate Corporation $ALL

Kepler Cheuvreux Suisse SA lifted its stake in shares of The Allstate Corporation (NYSE:ALL) by 54.9% during the fourth quarter, Holdings Channel reports. The firm owned 12,917 shares of the insurance provider’s stock after purchasing an additional 4,576 shares during the quarter. Kepler Cheuvreux Suisse SA’s holdings in Allstate were worth $2,689,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Dorato Capital Management acquired a new position in Allstate during the fourth quarter valued at $27,000. Palisade Asset Management LLC acquired a new position in Allstate during the third quarter valued at $31,000. Princeton Global Asset Management LLC raised its position in Allstate by 101.3% during the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after buying an additional 76 shares during the period. South Plains Financial Inc. raised its position in Allstate by 41.5% during the third quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock valued at $36,000 after buying an additional 49 shares during the period. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in Allstate during the third quarter valued at $37,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on Allstate from $260.00 to $266.00 and gave the company an “outperform” rating in a research report on Thursday. TD Cowen lowered Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. Zacks Research lowered Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $260.00 target price on shares of Allstate in a research report on Tuesday, March 3rd. Finally, Piper Sandler upped their target price on Allstate from $252.00 to $268.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and an average target price of $241.67.

Insider Activity

In other news, COO Mario Rizzo sold 18,578 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the completion of the sale, the chief operating officer owned 82,227 shares in the company, valued at approximately $17,991,267.60. This represents a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.55% of the company’s stock.

Allstate Stock Performance

ALL opened at $213.01 on Monday. The company has a market cap of $54.83 billion, a PE ratio of 4.70, a price-to-earnings-growth ratio of 0.39 and a beta of 0.21. The stock has a 50-day moving average of $210.90 and a 200-day moving average of $206.26. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $222.23. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.36 and a current ratio of 0.36.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.31 by $3.34. The company had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.53 EPS. As a group, equities research analysts forecast that The Allstate Corporation will post 28.82 earnings per share for the current fiscal year.

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.