BI Asset Management Fondsmaeglerselskab A S Boosts Position in The Allstate Corporation $ALL

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 117.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 214,480 shares of the insurance provider's stock after acquiring an additional 116,025 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.08% of Allstate worth $44,644,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Navalign LLC acquired a new stake in shares of Allstate during the 4th quarter worth about $27,000. Dorato Capital Management acquired a new stake in shares of Allstate during the 4th quarter worth about $27,000. Palisade Asset Management LLC acquired a new stake in shares of Allstate during the 3rd quarter worth about $31,000. Princeton Global Asset Management LLC increased its position in shares of Allstate by 101.3% during the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider's stock worth $31,000 after purchasing an additional 76 shares during the last quarter. Finally, South Plains Financial Inc. increased its position in shares of Allstate by 41.5% during the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider's stock worth $36,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company's stock.

Allstate Price Performance

ALL stock opened at $220.98 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a fifty-two week low of $188.08 and a fifty-two week high of $227.62. The business has a 50 day moving average price of $213.31 and a 200 day moving average price of $208.65. The stock has a market cap of $56.88 billion, a price-to-earnings ratio of 4.87, a PEG ratio of 0.38 and a beta of 0.18.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $16.94 billion during the quarter, compared to analysts' expectations of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.53 earnings per share. Equities research analysts anticipate that The Allstate Corporation will post 29.43 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $1.08 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.0%. Allstate's payout ratio is presently 9.53%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ALL. Mizuho lowered their target price on Allstate from $281.00 to $265.00 and set an "outperform" rating for the company in a report on Friday, March 20th. Raymond James Financial restated a "strong-buy" rating and set a $260.00 target price on shares of Allstate in a report on Tuesday, March 3rd. The Goldman Sachs Group reissued a "neutral" rating and issued a $231.00 price objective on shares of Allstate in a research note on Thursday, March 5th. Weiss Ratings raised shares of Allstate from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, March 23rd. Finally, Zacks Research lowered shares of Allstate from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 7th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $241.67.

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.

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