Tredje AP fonden Has $40.26 Million Stake in The Allstate Corporation $ALL

Tredje AP fonden lowered its position in shares of The Allstate Corporation (NYSE:ALL) by 41.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 193,400 shares of the insurance provider’s stock after selling 136,436 shares during the period. Tredje AP fonden owned about 0.07% of Allstate worth $40,256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of Allstate by 1,766.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 869,139 shares of the insurance provider’s stock worth $180,911,000 after purchasing an additional 822,583 shares during the last quarter. Woodline Partners LP bought a new position in Allstate in the 3rd quarter valued at approximately $148,641,000. AustralianSuper Pty Ltd boosted its position in Allstate by 80.6% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,220,984 shares of the insurance provider’s stock worth $254,148,000 after buying an additional 544,874 shares during the period. Ameriprise Financial Inc. boosted its position in Allstate by 52.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,385,901 shares of the insurance provider’s stock worth $279,062,000 after buying an additional 478,598 shares during the period. Finally, Danske Bank A S bought a new stake in Allstate during the 3rd quarter worth approximately $100,596,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ALL shares. Keefe, Bruyette & Woods raised their price target on shares of Allstate from $260.00 to $266.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Barclays boosted their price objective on shares of Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 8th. Weiss Ratings raised Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, March 23rd. Citigroup lifted their target price on Allstate from $221.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $260.00 price target on shares of Allstate in a research report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $241.67.

Allstate Trading Up 1.8%

ALL opened at $221.26 on Tuesday. The Allstate Corporation has a twelve month low of $188.08 and a twelve month high of $222.69. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average of $211.38 and a 200-day moving average of $207.38. The stock has a market cap of $56.96 billion, a PE ratio of 4.88, a price-to-earnings-growth ratio of 0.39 and a beta of 0.21.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.31 by $3.34. The business had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. Allstate’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.53 earnings per share. On average, sell-side analysts predict that The Allstate Corporation will post 29.22 EPS for the current year.

Insider Activity

In other news, COO Mario Rizzo sold 18,578 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $17,991,267.60. The trade was a 18.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.55% of the stock is owned by corporate insiders.

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.