UniSuper Management Pty Ltd Boosts Holdings in The Allstate Corporation $ALL

UniSuper Management Pty Ltd raised its position in shares of The Allstate Corporation (NYSE:ALL) by 14.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,327 shares of the insurance provider’s stock after acquiring an additional 3,075 shares during the period. UniSuper Management Pty Ltd’s holdings in Allstate were worth $5,222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Allstate by 1.3% during the 2nd 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 last quarter. Geode Capital Management LLC boosted its position in shares of Allstate by 1.2% during the second 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 period. Franklin Resources Inc. boosted its position in shares of Allstate by 2.5% during the second 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 stake in shares of Allstate by 3.3% during the second quarter. Raymond James Financial Inc. now owns 2,793,645 shares of the insurance provider’s stock valued at $562,388,000 after buying an additional 88,620 shares during the last quarter. Finally, Boston Partners raised its holdings 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 worth $535,078,000 after buying an additional 172,931 shares during the period. Institutional investors own 76.47% of the company’s stock.

Insider Activity at Allstate

In related news, insider Suren Gupta sold 21,871 shares of the company’s 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 sale, the insider directly owned 100,646 shares in the company, valued at $21,660,025.66. This represents a 17.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders sold 48,400 shares of company stock valued at $10,313,256. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group set a $227.00 price objective on Allstate in a report on Wednesday, January 7th. Morgan Stanley reissued an “equal weight” rating and set a $215.00 target price (down from $245.00) on shares of Allstate in a research note on Tuesday, December 16th. BMO Capital Markets raised their price target on shares of Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a report on Wednesday. Finally, Wells Fargo & Company upped their target price on shares of Allstate from $216.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.19.

Allstate Trading Down 0.9%

NYSE:ALL opened at $193.54 on Monday. The firm has a 50-day simple moving average of $205.96 and a 200-day simple moving average of $203.38. The Allstate Corporation has a one year low of $176.00 and a one year high of $215.89. The firm has a market cap of $50.65 billion, a P/E ratio of 6.27, a P/E/G ratio of 0.42 and a beta of 0.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.43 and a current ratio of 0.43.

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

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, December 1st. Allstate’s payout ratio is presently 12.95%.

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.