Mn Services Vermogensbeheer B.V. Boosts Stake in The Allstate Corporation $ALL

Key Points

• Mn Services Vermogensbeheer B.V. increased its holdings in The Allstate Corporation by 3.7%, owning 99,073 shares valued at approximately $19.94 million after acquiring an additional 3,500 shares in the second quarter.
• Analyst ratings for Allstate include two "Strong Buy" ratings and a consensus target price of $231.47, indicating strong confidence in the company's stock performance.
• Allstate reported earnings of $5.94 per share for the last quarter, significantly exceeding the consensus estimate of $3.20, alongside a 5.8% revenue increase year-over-year.

Mn Services Vermogensbeheer B.V. raised its position in The Allstate Corporation (NYSE:ALL - Free Report) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,073 shares of the insurance provider's stock after purchasing an additional 3,500 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Allstate were worth $19,944,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Arlington Trust Co LLC lifted its position in shares of Allstate by 261.8% in the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider's stock worth $25,000 after buying an additional 89 shares during the last quarter. Hughes Financial Services LLC acquired a new position in shares of Allstate in the 1st quarter worth approximately $28,000. Meeder Asset Management Inc. raised its holdings in shares of Allstate by 113.8% in the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock worth $39,000 after buying an additional 99 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Allstate in the 1st quarter worth approximately $43,000. Finally, Mattson Financial Services LLC acquired a new position in shares of Allstate in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 76.47% of the company's stock.

Analyst Ratings Changes

ALL has been the subject of a number of recent analyst reports. Wall Street Zen raised Allstate from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Wolfe Research upgraded Allstate to a "strong-buy" rating in a research report on Tuesday, September 16th. UBS Group lifted their price objective on Allstate from $230.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. William Blair assumed coverage on Allstate in a research note on Friday, June 6th. They issued a "sector outperform" rating for the company. Finally, Morgan Stanley boosted their price target on Allstate from $235.00 to $245.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Allstate has an average rating of "Moderate Buy" and a consensus target price of $231.47.

Allstate Stock Up 0.2%

ALL traded up $0.31 during midday trading on Friday, reaching $205.99. The company's stock had a trading volume of 3,162,110 shares, compared to its average volume of 1,252,542. The stock's 50-day moving average is $201.63 and its 200-day moving average is $200.50. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $214.76. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $54.28 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.82 and a beta of 0.37.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, topping the consensus estimate of $3.20 by $2.74. The business had revenue of $15.05 billion for the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $1.61 earnings per share. As a group, research analysts expect that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be issued a $1.00 dividend. The ex-dividend date is Friday, August 29th. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. Allstate's payout ratio is currently 18.81%.

Allstate Profile

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.