Swiss National Bank Buys 2,400 Shares of The Allstate Co. (NYSE:ALL)

Swiss National Bank raised its holdings in The Allstate Co. (NYSE:ALL) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 783,300 shares of the insurance provider’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank owned about 0.30% of Allstate worth $148,553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC raised its holdings in shares of Allstate by 18,472.5% during the third quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock worth $199,642,000 after acquiring an additional 1,047,019 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Allstate by 18.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock valued at $569,114,000 after buying an additional 472,040 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Allstate by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider’s stock worth $114,955,000 after purchasing an additional 464,337 shares in the last quarter. TimesSquare Capital Management LLC acquired a new position in shares of Allstate during the 3rd quarter worth approximately $77,819,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Allstate by 3,839.0% during the 2nd quarter. Acadian Asset Management LLC now owns 416,117 shares of the insurance provider’s stock worth $66,417,000 after acquiring an additional 405,553 shares during the period. 76.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ALL has been the subject of a number of recent analyst reports. Bank of America upped their price target on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. TD Cowen increased their price objective on shares of Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. BMO Capital Markets increased their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Raymond James increased their price objective on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Friday, October 4th. Finally, Jefferies Financial Group raised their price target on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.19.

Allstate Stock Up 0.6 %

ALL opened at $196.88 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The company’s 50-day moving average is $190.01 and its 200 day moving average is $176.80. The Allstate Co. has a fifty-two week low of $131.65 and a fifty-two week high of $201.00. The firm has a market capitalization of $52.13 billion, a P/E ratio of 12.75, a PEG ratio of 1.75 and a beta of 0.48.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period last year, the firm earned $0.81 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. Research analysts expect that The Allstate Co. will post 16.01 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, November 29th. Allstate’s dividend payout ratio is 23.83%.

Insiders Place Their Bets

In other Allstate news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the sale, the insider now owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. The trade was a 57.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the sale, the chief executive officer now directly owns 88,552 shares in the company, valued at approximately $15,880,915.68. This represents a 50.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.