AustralianSuper Pty Ltd Purchases 285,969 Shares of The Allstate Corporation (NYSE:ALL)

AustralianSuper Pty Ltd boosted its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 128.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 508,949 shares of the insurance provider's stock after buying an additional 285,969 shares during the period. AustralianSuper Pty Ltd owned approximately 0.19% of Allstate worth $105,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Rehmann Capital Advisory Group grew its holdings in shares of Allstate by 3.2% during the first quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider's stock valued at $338,000 after buying an additional 51 shares during the last quarter. Vantage Point Financial LLC grew its holdings in shares of Allstate by 3.6% during the first quarter. Vantage Point Financial LLC now owns 1,495 shares of the insurance provider's stock valued at $310,000 after buying an additional 52 shares during the last quarter. Confluence Wealth Services Inc. grew its holdings in shares of Allstate by 0.7% during the first quarter. Confluence Wealth Services Inc. now owns 8,000 shares of the insurance provider's stock valued at $1,558,000 after buying an additional 54 shares during the last quarter. Achmea Investment Management B.V. boosted its holdings in Allstate by 0.3% in the first quarter. Achmea Investment Management B.V. now owns 20,586 shares of the insurance provider's stock worth $4,262,000 after purchasing an additional 57 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its holdings in Allstate by 1.7% in the first quarter. Avidian Wealth Enterprises LLC now owns 3,552 shares of the insurance provider's stock worth $735,000 after purchasing an additional 59 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Trading Up 0.6%

NYSE ALL traded up $1.19 on Friday, hitting $194.21. 1,617,433 shares of the company were exchanged, compared to its average volume of 1,646,674. The company's 50 day moving average price is $200.18 and its 200-day moving average price is $196.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $51.43 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33. The Allstate Corporation has a twelve month low of $162.27 and a twelve month high of $213.18.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.45). The firm had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $16.41 billion. Allstate had a net margin of 6.19% and a return on equity of 24.62%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.13 EPS. Analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 2.06%. Allstate's dividend payout ratio is currently 27.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ALL. UBS Group lifted their price target on shares of Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Raymond James Financial reiterated a "strong-buy" rating and issued a $250.00 price target (up from $240.00) on shares of Allstate in a report on Monday, May 5th. Barclays lifted their price objective on shares of Allstate from $172.00 to $188.00 and gave the stock an "underweight" rating in a research note on Monday, July 7th. Evercore ISI lifted their price objective on shares of Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, William Blair assumed coverage on shares of Allstate in a research note on Friday, June 6th. They issued a "sector outperform" rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $227.07.

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.