OMERS ADMINISTRATION Corp Buys 4,292 Shares of The Allstate Corporation $ALL

OMERS ADMINISTRATION Corp boosted its stake in The Allstate Corporation (NYSE:ALL) by 20.4% in the first quarter, Holdings Channel reports. The firm owned 25,367 shares of the insurance provider’s stock after purchasing an additional 4,292 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Allstate were worth $5,260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. MV Capital Management Inc. acquired a new stake in Allstate during the fourth quarter worth about $25,000. Dorato Capital Management acquired a new position in shares of Allstate in the 4th quarter valued at approximately $27,000. Navalign LLC bought a new stake in shares of Allstate during the 4th quarter worth approximately $27,000. Evolution Wealth Management Inc. lifted its holdings in shares of Allstate by 7,000.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 140 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Allstate during the 1st quarter worth approximately $30,000. Institutional investors own 76.47% of the company’s stock.

Insider Activity at Allstate

In related news, insider Mark Q. Prindiville sold 1,550 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $216.27, for a total transaction of $335,218.50. Following the sale, the insider owned 27,558 shares in the company, valued at $5,959,968.66. The trade was a 5.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrea Redmond sold 2,225 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $202.91, for a total value of $451,474.75. Following the completion of the transaction, the director directly owned 2,225 shares of the company’s stock, valued at approximately $451,474.75. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,353 shares of company stock valued at $4,851,560 in the last 90 days. 1.55% of the stock is owned by corporate insiders.

Allstate Price Performance

Shares of NYSE:ALL opened at $260.16 on Monday. The company has a market cap of $66.97 billion, a price-to-earnings ratio of 5.74, a PEG ratio of 0.45 and a beta of 0.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a 50 day simple moving average of $231.16 and a 200 day simple moving average of $216.07. The Allstate Corporation has a one year low of $188.08 and a one year high of $260.65.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. The firm had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $3.53 earnings per share. Research analysts predict that The Allstate Corporation will post 30.51 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.32 annualized dividend and a dividend yield of 1.7%. Allstate’s dividend payout ratio (DPR) is 9.53%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ALL shares. Atlantic Securities set a $319.00 price objective on shares of Allstate in a research note on Wednesday, July 15th. HSBC cut Allstate from a “buy” rating to a “hold” rating and upped their target price for the stock from $244.00 to $264.00 in a research note on Monday, July 6th. Keefe, Bruyette & Woods lifted their price target on Allstate from $242.00 to $255.00 and gave the company a “market perform” rating in a research note on Wednesday, July 8th. Wells Fargo & Company boosted their price target on Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley upped their price objective on Allstate from $215.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and a consensus target price of $254.80.

Allstate Company Profile

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.