The Allstate Co. (NYSE:ALL) Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its position in The Allstate Co. (NYSE:ALLFree Report) by 68.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 226,368 shares of the insurance provider’s stock after acquiring an additional 91,872 shares during the period. Allianz Asset Management GmbH owned about 0.09% of Allstate worth $31,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SageView Advisory Group LLC acquired a new position in shares of Allstate in the 4th quarter valued at $456,000. Ellsworth Advisors LLC acquired a new position in shares of Allstate in the 4th quarter valued at $4,312,000. SteelPeak Wealth LLC boosted its holdings in shares of Allstate by 175.2% in the 4th quarter. SteelPeak Wealth LLC now owns 15,682 shares of the insurance provider’s stock valued at $2,209,000 after purchasing an additional 9,984 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of Allstate in the 4th quarter valued at $52,042,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Allstate by 484.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 332,104 shares of the insurance provider’s stock valued at $46,488,000 after purchasing an additional 275,319 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the completion of the sale, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by insiders.

Allstate Trading Up 0.9 %

Allstate stock opened at $164.89 on Friday. The firm has a 50 day simple moving average of $169.21 and a 200-day simple moving average of $156.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market capitalization of $43.52 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 1.54 and a beta of 0.51. The Allstate Co. has a 12-month low of $100.57 and a 12-month high of $177.37.

Allstate (NYSE:ALLGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $1.02. The business had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm posted ($1.30) earnings per share. As a group, equities research analysts expect that The Allstate Co. will post 15.15 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, May 31st will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, May 31st. Allstate’s payout ratio is 81.24%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Allstate from $185.00 to $193.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Keefe, Bruyette & Woods boosted their target price on shares of Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. The Goldman Sachs Group boosted their target price on shares of Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Roth Mkm boosted their target price on shares of Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company increased their price objective on shares of Allstate from $146.00 to $153.00 and gave the stock an “underweight” rating in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $174.59.

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Allstate Company Profile

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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.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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