Tredje AP fonden Purchases 92,085 Shares of The Allstate Corporation (NYSE:ALL)

Tredje AP fonden increased its stake in The Allstate Corporation (NYSE:ALL - Free Report) by 77.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,236 shares of the insurance provider's stock after purchasing an additional 92,085 shares during the quarter. Tredje AP fonden owned approximately 0.08% of Allstate worth $43,534,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Hughes Financial Services LLC acquired a new stake in Allstate during the 1st quarter worth about $28,000. Kapitalo Investimentos Ltda acquired a new stake in Allstate during the 4th quarter worth about $29,000. Meeder Asset Management Inc. lifted its holdings in shares of Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock valued at $39,000 after buying an additional 99 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Allstate during the 4th quarter valued at about $40,000. Finally, Mattson Financial Services LLC acquired a new stake in shares of Allstate during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 76.47% of the company's stock.

Allstate Price Performance

Allstate stock traded down $1.61 during mid-day trading on Wednesday, hitting $192.29. 1,891,513 shares of the company were exchanged, compared to its average volume of 1,422,405. The business has a fifty day moving average of $198.69 and a 200 day moving average of $197.01. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $50.92 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33. The Allstate Corporation has a 1-year low of $168.36 and a 1-year high of $213.18.

Allstate (NYSE:ALL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, topping the consensus estimate of $3.20 by $2.74. Allstate had a return on equity of 24.62% and a net margin of 6.19%. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 EPS. As a group, sell-side analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, August 29th. Allstate's payout ratio is presently 27.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ALL shares. UBS Group lifted their price target on Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price target on Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Barclays boosted their target price on Allstate from $172.00 to $188.00 and gave the stock an "underweight" rating in a report on Monday, July 7th. William Blair assumed coverage on Allstate in a report on Friday, June 6th. They issued a "sector outperform" rating for the company. Finally, Morgan Stanley boosted their target price on Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average 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.