OMERS ADMINISTRATION Corp Acquires Shares of 28,835 The Allstate Corporation $ALL

Key Points

• OMERS Administration Corp. acquired 28,835 Allstate shares worth approximately $6.86 million, while institutional investors collectively own 76.47% of the stock.
• Allstate reported quarterly EPS of $8.99, beating estimates of $6.06, with revenue of $18.60 billion up 11.8% year over year. The company declared a quarterly dividend of $1.08 per share, equivalent to a 1.7% yield.
• Insiders sold 91,446 shares worth approximately $24.21 million over the past 90 days. Analysts’ consensus rating remains “Hold,” with an average price target of $265.26.

OMERS ADMINISTRATION Corp acquired a new position in The Allstate Corporation (NYSE:ALL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 28,835 shares of the insurance provider's stock, valued at approximately $6,861,000.

Several other large investors also recently added to or reduced their stakes in ALL. Coldstream Capital Management Inc. raised its holdings in Allstate by 0.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 7,809 shares of the insurance provider's stock valued at $1,625,000 after buying an additional 50 shares during the period. Compound Planning Inc. lifted its holdings in Allstate by 1.6% during the 4th quarter. Compound Planning Inc. now owns 3,216 shares of the insurance provider's stock valued at $669,000 after buying an additional 50 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in Allstate by 0.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider's stock valued at $1,210,000 after buying an additional 52 shares during the period. Root Financial Partners LLC boosted its position in Allstate by 4.7% in the 1st quarter. Root Financial Partners LLC now owns 1,170 shares of the insurance provider's stock valued at $243,000 after buying an additional 53 shares during the period. Finally, Montag A & Associates Inc. grew its stake in Allstate by 10.2% in the 4th quarter. Montag A & Associates Inc. now owns 596 shares of the insurance provider's stock worth $125,000 after acquiring an additional 55 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Insider Buying and Selling at Allstate

In other news, Director Andrea Redmond sold 2,225 shares of the firm's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $202.91, for a total transaction of $451,474.75. Following the sale, the director owned 2,225 shares of the company's stock, valued at $451,474.75. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Mario Rizzo sold 56,225 shares of Allstate stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the transaction, the chief operating officer directly owned 82,227 shares of the company's stock, valued at approximately $21,747,396.96. This trade represents a 40.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 91,446 shares of company stock valued at $24,208,675. 1.55% of the stock is owned by company insiders.

Allstate Price Performance

NYSE:ALL opened at $260.35 on Tuesday. The firm's fifty day moving average is $251.11 and its two-hundred day moving average is $225.53. The firm has a market cap of $65.83 billion, a price-to-earnings ratio of 5.20, a PEG ratio of 0.39 and a beta of 0.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Corporation has a one year low of $188.08 and a one year high of $277.22.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, beating analysts' consensus estimates of $6.06 by $2.93. The business had revenue of $18.60 billion during the quarter, compared to analyst estimates of $15.46 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The company's revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $5.94 EPS. Research analysts expect that The Allstate Corporation will post 34.45 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, August 31st. Allstate's dividend payout ratio (DPR) is currently 8.63%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALL. Roth Capital set a $300.00 price target on shares of Allstate in a research note on Thursday, August 6th. Wall Street Zen raised Allstate from a "hold" rating to a "buy" rating in a research note on Monday, July 20th. Zacks Research upgraded Allstate from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th. Atlantic Securities set a $319.00 target price on Allstate in a research report on Wednesday, July 15th. Finally, UBS Group upped their target price on Allstate from $261.00 to $275.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Four investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $265.26.

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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