The Allstate Corporation (NYSE:ALL) Shares Bought by Tredje AP fonden

Tredje AP fonden grew its stake in shares of The Allstate Corporation (NYSE:ALL) by 77.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 210,236 shares of the insurance provider’s stock after acquiring an additional 92,085 shares during the period. Tredje AP fonden’s holdings in Allstate were worth $43,534,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hughes Financial Services LLC acquired a new stake in shares of Allstate during the 1st quarter valued at approximately $28,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Allstate during the 4th quarter valued at approximately $29,000. Meeder Asset Management Inc. lifted its position in shares of Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 99 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Allstate during the 4th quarter valued at approximately $40,000. Finally, Mattson Financial Services LLC acquired a new stake in shares of Allstate during the 4th quarter valued at approximately $44,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ALL. JPMorgan Chase & Co. lifted their price target on shares of Allstate from $217.00 to $222.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Wall Street Zen downgraded Allstate from a “buy” rating to a “hold” rating in a research report on Monday. BMO Capital Markets restated an “outperform” rating on shares of Allstate in a research report on Friday, May 16th. Morgan Stanley lifted their price objective on Allstate from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 6th. Finally, William Blair began coverage on Allstate in a research report on Friday, June 6th. They set a “sector outperform” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $227.07.

Allstate Stock Up 1.0%

ALL stock opened at $193.83 on Wednesday. The stock has a market capitalization of $51.33 billion, a P/E ratio of 13.24, a PEG ratio of 1.00 and a beta of 0.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.40 and a current ratio of 0.40. The Allstate Corporation has a one year low of $168.36 and a one year high of $213.18. The company has a 50 day moving average price of $198.69 and a two-hundred day moving average price of $197.01.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.45). Allstate had a net margin of 6.19% and a return on equity of 24.62%. The company had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $16.41 billion. During the same period in the prior year, the firm earned $5.13 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, August 29th. This represents a $4.00 annualized dividend and a dividend yield of 2.06%. Allstate’s dividend payout ratio is presently 27.32%.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.