The Allstate Corporation $ALL Stock Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. grew its position in The Allstate Corporation (NYSE:ALL) by 155.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 127,893 shares of the insurance provider’s stock after buying an additional 77,789 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Allstate were worth $28,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Werba Rubin Papier Wealth Management raised its stake in Allstate by 3.5% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 2,746 shares of the insurance provider’s stock valued at $609,000 after purchasing an additional 94 shares during the last quarter. R Squared Ltd acquired a new stake in Allstate during the 3rd quarter worth $436,000. Banyan Capital Management Inc. purchased a new stake in shares of Allstate during the third quarter worth $400,000. Maryland State Retirement & Pension System raised its position in shares of Allstate by 13.4% in the third quarter. Maryland State Retirement & Pension System now owns 15,600 shares of the insurance provider’s stock valued at $3,461,000 after buying an additional 1,848 shares during the last quarter. Finally, Ritholtz Wealth Management raised its position in shares of Allstate by 27.3% in the third quarter. Ritholtz Wealth Management now owns 21,916 shares of the insurance provider’s stock valued at $4,862,000 after buying an additional 4,696 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ALL shares. JPMorgan Chase & Co. raised their price target on shares of Allstate from $282.00 to $292.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Morgan Stanley upped their price objective on shares of Allstate from $240.00 to $260.00 and gave the company an “equal weight” rating in a research note on Tuesday. Argus set a $238.00 price target on shares of Allstate in a research note on Friday, August 28th. The Goldman Sachs Group lowered their price objective on Allstate from $280.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Finally, Citigroup raised their target price on Allstate from $215.00 to $225.00 and gave the stock a “sell” rating in a research note on Friday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $273.48.

Allstate Price Performance

ALL stock opened at $267.82 on Friday. The business’s fifty day moving average price is $246.15 and its 200 day moving average price is $231.53. The Allstate Corporation has a 12-month low of $191.13 and a 12-month high of $281.11. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $66.27 billion, a PE ratio of 6.06, a P/E/G ratio of 1.19 and a beta of 0.13.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $2.87. The company had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $15.87 billion. Allstate had a return on equity of 38.37% and a net margin of 16.57%. Allstate’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the business posted $11.17 EPS. On average, sell-side analysts anticipate that The Allstate Corporation will post 37.33 EPS for the current year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Monday, November 30th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 30th. Allstate’s dividend payout ratio is currently 9.78%.

Allstate Profile

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance. The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.