Universal Beteiligungs und Servicegesellschaft mbH Acquires 7,356 Shares of The Allstate Corporation $ALL

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of The Allstate Corporation (NYSE:ALL) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,933 shares of the insurance provider’s stock after purchasing an additional 7,356 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Allstate were worth $39,696,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Harbor Capital Advisors Inc. lifted its position in shares of Allstate by 79.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the period. Barnes Dennig Private Wealth Management LLC raised its stake in Allstate by 112.3% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 73 shares in the last quarter. Clearstead Trust LLC raised its stake in Allstate by 3,800.0% during the second quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 152 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Allstate by 315.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 126 shares during the period. Finally, Hilltop National Bank acquired a new stake in shares of Allstate in the 2nd quarter valued at $34,000. 76.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Allstate news, insider Suren Gupta sold 19,593 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the transaction, the insider directly owned 100,646 shares in the company, valued at approximately $21,135,660. This represents a 16.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 48,400 shares of company stock worth $10,313,256. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

ALL has been the subject of several analyst reports. BMO Capital Markets lifted their price target on shares of Allstate from $235.00 to $244.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Wells Fargo & Company raised their price objective on shares of Allstate from $216.00 to $223.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Keefe, Bruyette & Woods boosted their target price on Allstate from $250.00 to $254.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Evercore ISI set a $225.00 price target on Allstate in a research report on Wednesday, January 7th. Finally, Roth Mkm lifted their price objective on Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $236.19.

Allstate Stock Performance

ALL stock opened at $193.60 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.43 and a quick ratio of 0.43. The company has a 50 day moving average price of $206.69 and a 200 day moving average price of $203.31. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $215.89. The stock has a market capitalization of $50.66 billion, a PE ratio of 6.27, a price-to-earnings-growth ratio of 0.42 and a beta of 0.24.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, beating analysts’ consensus estimates of $5.48 by $5.69. The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $16.59 billion. Allstate had a return on equity of 35.42% and a net margin of 12.53%.The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $3.91 EPS. Analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, December 1st. Allstate’s dividend payout ratio (DPR) is presently 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.