Mitsubishi UFJ Trust & Banking Corp Buys 7,760 Shares of The Allstate Corporation $ALL

Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of The Allstate Corporation (NYSE:ALL) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,011 shares of the insurance provider’s stock after acquiring an additional 7,760 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Allstate worth $34,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Allstate by 1.3% during the second quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock valued at $6,690,584,000 after purchasing an additional 435,145 shares during the period. Geode Capital Management LLC raised its holdings in Allstate by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 6,714,629 shares of the insurance provider’s stock valued at $1,345,961,000 after buying an additional 79,366 shares during the last quarter. Franklin Resources Inc. boosted its position in Allstate by 2.5% during the 2nd quarter. Franklin Resources Inc. now owns 4,670,113 shares of the insurance provider’s stock valued at $940,140,000 after buying an additional 112,858 shares during the period. Raymond James Financial Inc. grew its holdings in Allstate by 3.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,793,645 shares of the insurance provider’s stock worth $562,388,000 after acquiring an additional 88,620 shares during the last quarter. Finally, Boston Partners increased its position in shares of Allstate by 7.0% in the second quarter. Boston Partners now owns 2,655,585 shares of the insurance provider’s stock valued at $535,078,000 after acquiring an additional 172,931 shares during the period. Institutional investors own 76.47% of the company’s stock.

Allstate Trading Down 0.9%

NYSE ALL opened at $193.54 on Monday. The firm has a market capitalization of $50.65 billion, a PE ratio of 6.27, a P/E/G ratio of 0.42 and a beta of 0.24. The stock’s 50 day moving average is $205.96 and its 200 day moving average is $203.38. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $215.89. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.32.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, beating the consensus estimate of $5.48 by $5.69. Allstate had a return on equity of 35.42% and a net margin of 12.53%.The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same quarter last year, the firm posted $3.91 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.1%. Allstate’s dividend payout ratio (DPR) is currently 12.95%.

Analyst Ratings Changes

Several analysts recently issued reports on ALL shares. Keefe, Bruyette & Woods raised their target price on Allstate from $250.00 to $254.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. TD Cowen downgraded Allstate from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen lowered Allstate from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. William Blair cut shares of Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Finally, UBS Group upped their price objective on shares of Allstate from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $236.19.

Insiders Place Their Bets

In other Allstate news, insider Suren Gupta sold 21,871 shares of Allstate stock in a transaction on Friday, November 21st. The stock was sold at an average price of $215.21, for a total transaction of $4,706,857.91. Following the completion of the transaction, the insider owned 100,646 shares in the company, valued at approximately $21,660,025.66. The trade was a 17.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 48,400 shares of company stock worth $10,313,256. 1.70% of the stock is owned by company insiders.

Allstate Profile

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.