Arbejdsmarkedets Tillaegspension Invests $24.08 Million in The Allstate Corporation $ALL

Arbejdsmarkedets Tillaegspension acquired a new position in shares of The Allstate Corporation (NYSE:ALL) in the 4th quarter, Holdings Channel reports. The fund acquired 115,687 shares of the insurance provider’s stock, valued at approximately $24,080,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Pinnacle Associates Ltd. boosted its position in shares of Allstate by 3.8% during the fourth quarter. Pinnacle Associates Ltd. now owns 2,786 shares of the insurance provider’s stock worth $580,000 after buying an additional 103 shares during the period. Simmons Bank boosted its position in shares of Allstate by 6.8% during the fourth quarter. Simmons Bank now owns 7,610 shares of the insurance provider’s stock worth $1,584,000 after buying an additional 483 shares during the period. Navalign LLC acquired a new position in shares of Allstate during the fourth quarter worth about $27,000. Strategic Family Wealth Counselors L.L.C. acquired a new position in shares of Allstate during the fourth quarter worth about $300,000. Finally, Summit Wealth Group LLC Co. acquired a new position in shares of Allstate during the fourth quarter worth about $311,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective on Allstate from $260.00 to $266.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. upped their target price on Allstate from $260.00 to $263.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Citigroup upped their target price on Allstate from $221.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Mizuho dropped their target price on Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $260.00 target price on shares of Allstate in a report on Tuesday, March 3rd. Three investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $241.67.

Insider Transactions at Allstate

In related news, COO Mario Rizzo sold 18,578 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at $17,991,267.60. This represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.55% of the stock is owned by corporate insiders.

Allstate Price Performance

Allstate stock opened at $216.29 on Friday. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $222.23. The stock’s 50 day moving average is $211.13 and its 200-day moving average is $206.99. 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 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.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, beating the consensus estimate 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 in the prior year, the business earned $3.53 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts expect that The Allstate Corporation will post 28.82 EPS for the current year.

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.