Canada Pension Plan Investment Board Has $11.60 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Canada Pension Plan Investment Board raised its position in The Allstate Co. (NYSE:ALLFree Report) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,136 shares of the insurance provider’s stock after purchasing an additional 8,800 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Allstate were worth $11,602,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ALL. Aptus Capital Advisors LLC grew its stake in Allstate by 155.1% during the third quarter. Aptus Capital Advisors LLC now owns 4,819 shares of the insurance provider’s stock worth $537,000 after purchasing an additional 2,930 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Allstate by 5.4% during the third quarter. State Board of Administration of Florida Retirement System now owns 354,127 shares of the insurance provider’s stock worth $39,453,000 after purchasing an additional 18,257 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Allstate in the third quarter valued at approximately $25,000. HighTower Advisors LLC grew its stake in Allstate by 37.2% in the third quarter. HighTower Advisors LLC now owns 136,045 shares of the insurance provider’s stock valued at $15,131,000 after acquiring an additional 36,864 shares during the period. Finally, Pathstone Family Office LLC grew its stake in Allstate by 99.3% in the third quarter. Pathstone Family Office LLC now owns 24,789 shares of the insurance provider’s stock valued at $2,770,000 after acquiring an additional 12,350 shares during the period. Institutional investors and hedge funds own 77.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on Allstate from $141.00 to $164.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. BMO Capital Markets lifted their price target on Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a report on Friday, January 19th. Morgan Stanley upgraded Allstate from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $117.00 to $171.00 in a report on Thursday, January 4th. StockNews.com upgraded Allstate from a “hold” rating to a “buy” rating in a research note on Friday, November 24th. Finally, Roth Mkm boosted their target price on Allstate from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and a consensus price target of $157.75.

View Our Latest Stock Analysis on Allstate

Allstate Trading Down 0.4 %

Shares of ALL stock opened at $159.32 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.38 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $148.13 and a two-hundred day moving average price of $128.77. The Allstate Co. has a 12-month low of $100.57 and a 12-month high of $168.05. The firm has a market cap of $41.69 billion, a P/E ratio of -128.48, a price-to-earnings-growth ratio of 0.43 and a beta of 0.52.

Allstate (NYSE:ALLGet Free Report) last released its earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $1.95. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The company had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. During the same quarter in the previous year, the company posted ($1.36) EPS. Allstate’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities analysts anticipate that The Allstate Co. will post 12.7 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 30th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Wednesday, November 29th. Allstate’s dividend payout ratio (DPR) is presently -287.10%.

Insider Activity

In other news, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $134.79, for a total value of $539,160.00. Following the completion of the sale, the chief accounting officer now owns 13,711 shares of the company’s stock, valued at approximately $1,848,105.69. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $134.79, for a total transaction of $539,160.00. Following the completion of the transaction, the chief accounting officer now owns 13,711 shares of the company’s stock, valued at approximately $1,848,105.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Q. Prindiville sold 10,951 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $135.43, for a total value of $1,483,093.93. Following the transaction, the executive vice president now directly owns 18,677 shares of the company’s stock, valued at approximately $2,529,426.11. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

About Allstate

(Free Report)

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products under the Allstate and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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