Mitsubishi UFJ Asset Management Co. Ltd. Purchases 22,794 Shares of The Allstate Co. (NYSE:ALL)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in The Allstate Co. (NYSE:ALL) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,862 shares of the insurance provider’s stock after acquiring an additional 22,794 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Allstate were worth $41,305,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Allstate by 11.5% in the 3rd quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock worth $3,595,266,000 after purchasing an additional 3,322,673 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Allstate by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,926,917 shares of the insurance provider’s stock worth $660,318,000 after purchasing an additional 172,250 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Allstate by 23.0% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 4,184,211 shares of the insurance provider’s stock worth $466,163,000 after purchasing an additional 782,696 shares during the period. Invesco Ltd. raised its holdings in Allstate by 46.6% in the 3rd quarter. Invesco Ltd. now owns 4,121,941 shares of the insurance provider’s stock worth $459,225,000 after purchasing an additional 1,311,095 shares during the period. Finally, Wellington Management Group LLP increased its position in Allstate by 2.1% in the third quarter. Wellington Management Group LLP now owns 3,831,852 shares of the insurance provider’s stock worth $426,907,000 after buying an additional 77,295 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Down 1.7 %

Allstate stock traded down $2.81 during mid-day trading on Wednesday, hitting $166.27. The company had a trading volume of 1,482,014 shares, compared to its average volume of 1,647,382. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.48. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $177.37. The business has a fifty day moving average of $167.74 and a 200 day moving average of $153.55. The stock has a market cap of $43.88 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 0.38 and a beta of 0.51.

Allstate (NYSE:ALL) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The business had revenue of $15.26 billion for the quarter, compared to analyst estimates of $12.76 billion. During the same period last year, the firm posted ($1.30) earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, sell-side analysts expect that The Allstate Co. will post 15 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, May 31st will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a yield of 2.21%. Allstate’s payout ratio is currently 81.24%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ALL. Evercore ISI lifted their target price on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. BMO Capital Markets increased their target price on shares of Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a research note on Friday, January 19th. UBS Group upped their price objective on Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. boosted their price target on Allstate from $185.00 to $193.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, StockNews.com raised Allstate from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $174.59.

Insider Transactions at Allstate

In other Allstate news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of the transaction, the insider now directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the transaction, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John E. Dugenske sold 31,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares in the company, valued at approximately $10,847,016.20. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Allstate Company Profile

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.