The Allstate Corporation $ALL Position Lessened by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management reduced its Allstate position by 1.4% in the third quarter, selling 17,146 shares and retaining 1.2 million shares valued at approximately $265.1 million. Institutional investors and hedge funds collectively own 76.47% of Allstate.
• Allstate reported quarterly earnings of $8.99 per share, exceeding estimates of $6.06, while revenue rose 11.8% year over year to $18.60 billion. The stock traded at $249.94, up 1.3%, with a market capitalization of $63.2 billion.
• Analyst sentiment remains mixed, with ratings ranging from Strong Buy to Sell and an overall “Hold” consensus; the average price target is $270.19. Meanwhile, two Allstate insiders sold a combined 89,221 shares, and corporate insiders own 1.55% of the company.

Robeco Institutional Asset Management B.V. trimmed its position in The Allstate Corporation (NYSE:ALL - Free Report) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,195,101 shares of the insurance provider's stock after selling 17,146 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.47% of Allstate worth $265,145,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Diversify Advisory Services LLC lifted its stake in Allstate by 126.6% during the third quarter. Diversify Advisory Services LLC now owns 21,415 shares of the insurance provider's stock worth $5,131,000 after purchasing an additional 11,965 shares during the period. Revisor Wealth Management LLC acquired a new stake in Allstate during the third quarter valued at approximately $249,000. 55 North Private Wealth LLC grew its stake in shares of Allstate by 10.5% in the 3rd quarter. 55 North Private Wealth LLC now owns 1,071 shares of the insurance provider's stock valued at $238,000 after purchasing an additional 102 shares during the period. Prentice Wealth Management LLC grew its stake in shares of Allstate by 40.0% in the 3rd quarter. Prentice Wealth Management LLC now owns 2,446 shares of the insurance provider's stock valued at $543,000 after purchasing an additional 699 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Allstate by 6.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 42,944 shares of the insurance provider's stock valued at $9,528,000 after purchasing an additional 2,740 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Trading Up 1.3%

ALL stock opened at $249.94 on Wednesday. The business has a fifty day moving average price of $246.08 and a 200 day moving average price of $235.84. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36. The Allstate Corporation has a fifty-two week low of $188.08 and a fifty-two week high of $277.22. The stock has a market capitalization of $63.20 billion, a price-to-earnings ratio of 4.99, a P/E/G ratio of 0.55 and a beta of 0.13.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, topping analysts' consensus estimates of $6.06 by $2.93. The company had revenue of $18.60 billion for 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 business's revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.94 earnings per share. Analysts expect that The Allstate Corporation will post 36.20 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ALL shares. Barclays dropped their price objective on Allstate from $226.00 to $221.00 and set an "underweight" rating for the company in a research note on Wednesday, October 7th. Raymond James Financial restated a "strong-buy" rating and issued a $315.00 target price (up from $300.00) on shares of Allstate in a research note on Tuesday, August 11th. Wells Fargo & Company upgraded shares of Allstate from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $250.00 to $236.00 in a research note on Monday, October 12th. Morgan Stanley lowered their target price on shares of Allstate from $265.00 to $240.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Allstate from $282.00 to $292.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $270.19.

Insider Activity

In other Allstate news, COO Mario Rizzo sold 56,225 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total value of $14,870,388.00. Following the completion of the sale, the chief operating officer owned 82,227 shares in the company, valued at approximately $21,747,396.96. This trade represents a 40.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John E. Dugenske sold 32,996 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the completion of the transaction, the insider directly owned 13,054 shares of the company's stock, valued at approximately $3,515,833.82. This represents a 71.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.55% of the stock is owned by corporate insiders.

Allstate Profile

Allstate Corp. NYSE: ALL is an insurance company that provides protection products and related services primarily in the United States. Its offerings include automobile, homeowners, renters, condominium, motorcycle and other personal property and casualty insurance, distributed through agents, brokers, direct channels and digital platforms.

The company also provides roadside assistance, identity-protection services and protection plans for consumer products. Through its acquisition of National General, Allstate expanded its presence in independent-agent distribution and specialty personal insurance.

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