International Assets Investment Management LLC Purchases New Position in The Allstate Corporation $ALL

International Assets Investment Management LLC purchased a new stake in shares of The Allstate Corporation (NYSE:ALL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 75,458 shares of the insurance provider’s stock, valued at approximately $161,000.

Other large investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of Allstate by 1,766.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 869,139 shares of the insurance provider’s stock valued at $180,911,000 after purchasing an additional 822,583 shares in the last quarter. Woodline Partners LP bought a new position in Allstate during the third quarter valued at $148,641,000. Ameriprise Financial Inc. grew its stake in shares of Allstate by 52.7% in 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 in the last quarter. Danske Bank A S purchased a new position in shares of Allstate in the 3rd quarter worth $100,596,000. Finally, Swedbank AB increased its holdings in shares of Allstate by 51.9% in the 4th quarter. Swedbank AB now owns 1,309,247 shares of the insurance provider’s stock worth $272,520,000 after buying an additional 447,522 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ALL. JPMorgan Chase & Co. upped their target price on shares of Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. The Goldman Sachs Group reissued a “neutral” rating and set a $231.00 price objective on shares of Allstate in a research note on Thursday, March 5th. Wells Fargo & Company upped their price objective on Allstate from $229.00 to $243.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Barclays raised their price objective on Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings raised Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, March 23rd. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and an average price target of $241.67.

Insider Buying and Selling at Allstate

In other 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 sale, the chief operating officer directly owned 82,227 shares in the company, valued at approximately $17,991,267.60. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.55% of the company’s stock.

Allstate Price Performance

ALL opened at $216.29 on Friday. The company has a market capitalization of $55.68 billion, a price-to-earnings ratio of 4.77, a PEG ratio of 0.39 and a beta of 0.21. 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 business’s fifty day simple moving average is $211.13 and its 200-day simple moving average is $206.99.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The company had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same quarter last year, the company earned $3.53 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that The Allstate Corporation will post 28.82 earnings per share for the current fiscal year.

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.