National Pension Service Purchases 18,713 Shares of The Allstate Corporation $ALL

National Pension Service raised its position in The Allstate Corporation (NYSE:ALL) by 2.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 937,092 shares of the insurance provider’s stock after purchasing an additional 18,713 shares during the period. National Pension Service’s holdings in Allstate were worth $201,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALL. Vanguard Group Inc. increased its position in shares of Allstate by 1.3% during the second quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock valued at $6,690,584,000 after acquiring an additional 435,145 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Allstate by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 6,714,629 shares of the insurance provider’s stock valued at $1,345,961,000 after purchasing an additional 79,366 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Allstate by 2.5% during the 2nd quarter. Franklin Resources Inc. now owns 4,670,113 shares of the insurance provider’s stock valued at $940,140,000 after purchasing an additional 112,858 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Allstate by 3.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,793,645 shares of the insurance provider’s stock worth $562,388,000 after purchasing an additional 88,620 shares during the period. Finally, Boston Partners boosted its holdings in shares of Allstate by 7.0% in the 2nd quarter. Boston Partners now owns 2,655,585 shares of the insurance provider’s stock worth $535,078,000 after buying an additional 172,931 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insider Activity at Allstate

In other news, insider Suren Gupta sold 21,871 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $215.21, for a total value of $4,706,857.91. Following the completion of the sale, the insider owned 100,646 shares of the company’s stock, valued at approximately $21,660,025.66. The trade was a 17.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 48,400 shares of company stock valued at $10,313,256 in the last quarter. 1.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group lifted their price objective on shares of Allstate from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Mizuho set a $255.00 price target on shares of Allstate in a report on Wednesday, January 14th. Roth Mkm upped their price objective on Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Keefe, Bruyette & Woods raised their target price on Allstate from $250.00 to $254.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $236.19.

Allstate Price Performance

ALL stock opened at $198.89 on Friday. The firm has a 50 day simple moving average of $204.57 and a two-hundred day simple moving average of $203.42. The Allstate Corporation has a one year low of $176.00 and a one year high of $215.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market cap of $52.05 billion, a PE ratio of 6.44, a P/E/G ratio of 0.43 and a beta of 0.24.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.48 by $5.69. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a return on equity of 35.42% and a net margin of 12.53%.The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.91 EPS. On average, analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, December 1st. Allstate’s dividend payout ratio (DPR) is presently 12.95%.

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.