Generali Asset Management SPA SGR Purchases 6,777 Shares of The Allstate Corporation $ALL

Generali Asset Management SPA SGR grew its stake in shares of The Allstate Corporation (NYSE:ALL) by 34.3% during the 4th quarter, HoldingsChannel reports. The fund owned 26,514 shares of the insurance provider’s stock after buying an additional 6,777 shares during the period. Generali Asset Management SPA SGR’s holdings in Allstate were worth $5,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dorato Capital Management purchased a new stake in Allstate in the 4th quarter worth approximately $27,000. Princeton Global Asset Management LLC lifted its stake in Allstate by 101.3% during the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 76 shares during the last quarter. Palisade Asset Management LLC bought a new stake in Allstate in the 3rd quarter worth approximately $31,000. South Plains Financial Inc. lifted its holdings in shares of Allstate by 41.5% in the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 49 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Allstate in the third quarter worth $37,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on ALL shares. Wall Street Zen downgraded Allstate from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Zacks Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Keefe, Bruyette & Woods raised their target price on Allstate from $260.00 to $266.00 and gave the stock an “outperform” rating in a research note on Thursday. Citigroup boosted their price target on Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their price objective on Allstate from $260.00 to $263.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and an average target price of $241.67.

Allstate Stock Down 0.3%

Shares of Allstate stock opened at $213.01 on Friday. 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 Allstate Corporation has a 12-month low of $188.08 and a 12-month high of $222.23. The company has a market cap of $54.83 billion, a P/E ratio of 4.70, a PEG ratio of 0.40 and a beta of 0.21. The company’s fifty day simple moving average is $210.90 and its two-hundred day simple moving average is $206.26.

Allstate (NYSE:ALL) last posted its 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 net margin of 17.81% and a return on equity of 42.66%. The firm had revenue of $16.94 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same period last year, the company posted $3.53 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts anticipate that The Allstate Corporation will post 28.26 EPS for the current year.

Insider Buying and Selling

In other Allstate news, COO Mario Rizzo sold 18,578 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 82,227 shares in the company, valued at $17,991,267.60. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.55% of the stock is owned by company insiders.

Allstate Company 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.