The Allstate Corporation $ALL Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in The Allstate Corporation (NYSE:ALL) by 405.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 46,556 shares of the insurance provider’s stock after acquiring an additional 37,351 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Allstate were worth $9,993,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. D.A. Davidson & CO. lifted its position in shares of Allstate by 42.7% during the third quarter. D.A. Davidson & CO. now owns 15,971 shares of the insurance provider’s stock worth $3,428,000 after purchasing an additional 4,780 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Allstate by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 117,119 shares of the insurance provider’s stock worth $25,140,000 after buying an additional 339 shares in the last quarter. Wealth Management Partners LLC purchased a new position in Allstate in the 3rd quarter valued at about $214,000. Global Retirement Partners LLC boosted its position in Allstate by 6.8% in the 3rd quarter. Global Retirement Partners LLC now owns 3,079 shares of the insurance provider’s stock valued at $661,000 after buying an additional 196 shares during the last quarter. Finally, Davis Capital Management purchased a new stake in shares of Allstate during the third quarter worth about $2,767,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen lowered Allstate from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. UBS Group increased their target price on Allstate from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, November 10th. The Goldman Sachs Group set a $227.00 price target on shares of Allstate in a research report on Wednesday. William Blair cut shares of Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Finally, Roth Capital increased their price objective on shares of Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.00.

Insider Buying and Selling

In other Allstate news, insider Suren Gupta sold 21,871 shares of the stock in a transaction on 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 sale, the insider directly owned 100,646 shares of the company’s stock, valued at $21,660,025.66. This trade represents a 17.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 48,400 shares of company stock worth $10,313,256. 1.70% of the stock is owned by corporate insiders.

Allstate Trading Up 0.6%

Allstate stock opened at $212.34 on Friday. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.89. The firm’s 50-day moving average is $207.34 and its 200-day moving average is $203.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $55.56 billion, a P/E ratio of 6.87, a PEG ratio of 0.47 and a beta of 0.24.

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

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were given a dividend of $1.00 per share. The ex-dividend date was Monday, December 1st. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. Allstate’s payout ratio is currently 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.