PBU The Pension Fund of Early Childhood & Youth Educators Takes Position in The Allstate Corporation $ALL

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in The Allstate Corporation (NYSE:ALL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 52,927 shares of the insurance provider’s stock, valued at approximately $11,017,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Caprock Group LLC purchased a new stake in shares of Allstate in the 3rd quarter worth approximately $3,598,000. CIBC Bancorp USA Inc. purchased a new stake in Allstate during the 3rd quarter valued at $7,814,000. Elo Mutual Pension Insurance Co boosted its stake in Allstate by 39.6% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 40,298 shares of the insurance provider’s stock valued at $8,650,000 after purchasing an additional 11,431 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Allstate by 5.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552,120 shares of the insurance provider’s stock valued at $112,533,000 after purchasing an additional 26,586 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co boosted its stake in Allstate by 22.1% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 54,700 shares of the insurance provider’s stock valued at $11,741,000 after purchasing an additional 9,900 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

In other Allstate news, insider Mark Q. Prindiville sold 1,550 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $216.27, for a total transaction of $335,218.50. Following the completion of the transaction, the insider owned 27,558 shares in the company, valued at $5,959,968.66. The trade was a 5.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Mario Rizzo sold 18,578 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $218.80, for a total value of $4,064,866.40. Following the transaction, the chief operating officer owned 82,227 shares of the company’s stock, valued at $17,991,267.60. This trade represents a 18.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,353 shares of company stock worth $4,851,560 over the last 90 days. Company insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

ALL has been the topic of a number of recent research reports. Barclays raised their target price on Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a report on Wednesday, April 8th. Wells Fargo & Company raised their price objective on Allstate from $229.00 to $243.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Mizuho cut their price objective on Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Zacks Research lowered Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Wall Street Zen lowered Allstate from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.67.

Allstate Trading Up 4.8%

ALL opened at $220.98 on Friday. The firm has a market cap of $56.88 billion, a P/E ratio of 4.87, a P/E/G ratio of 0.38 and a beta of 0.18. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $227.62. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $213.31 and a 200 day moving average of $208.65.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping the consensus estimate of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The company had revenue of $16.94 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same quarter last year, the business posted $3.53 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. As a group, research analysts forecast that The Allstate Corporation will post 29.43 EPS for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, June 1st. Allstate’s payout ratio is 9.53%.

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.