Principal Financial Group Inc. boosted its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 313,754 shares of the insurance provider's stock after acquiring an additional 5,980 shares during the period. Principal Financial Group Inc. owned about 0.12% of Allstate worth $59,503,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ALL. Allspring Global Investments Holdings LLC grew its position in Allstate by 18.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider's stock worth $569,114,000 after purchasing an additional 472,040 shares during the last quarter. Raymond James & Associates grew its holdings in Allstate by 10.6% in the 3rd quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider's stock worth $287,851,000 after buying an additional 145,986 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Allstate by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider's stock valued at $229,545,000 after acquiring an additional 47,038 shares during the period. Pathway Financial Advisers LLC raised its stake in Allstate by 18,472.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider's stock valued at $199,642,000 after acquiring an additional 1,047,019 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in Allstate by 3.3% during the 2nd quarter. Hsbc Holdings PLC now owns 1,007,953 shares of the insurance provider's stock worth $160,948,000 after acquiring an additional 31,789 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.
ALL opened at $196.90 on Friday. The company has a market capitalization of $52.14 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.76 and a beta of 0.48. The business has a 50-day moving average of $189.09 and a 200-day moving average of $175.84. The Allstate Co. has a fifty-two week low of $128.33 and a fifty-two week high of $198.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.
Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the business posted $0.81 EPS. Allstate's quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts forecast that The Allstate Co. will post 15.34 EPS for the current fiscal year.
In other Allstate news, insider John E. Dugenske sold 36,367 shares of the company's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the sale, the insider now owns 27,364 shares of the company's stock, valued at $5,236,922.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Thomas J. Wilson sold 90,000 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the transaction, the chief executive officer now directly owns 88,552 shares in the company, valued at $15,880,915.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John E. Dugenske sold 36,367 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the sale, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 192,530 shares of company stock worth $34,967,665 over the last three months. Corporate insiders own 1.80% of the company's stock.
A number of brokerages recently issued reports on ALL. Jefferies Financial Group increased their target price on shares of Allstate from $231.00 to $267.00 and gave the company a "buy" rating in a research report on Friday. TD Cowen upped their price objective on Allstate from $193.00 to $224.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Keefe, Bruyette & Woods boosted their price target on shares of Allstate from $222.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday. Raymond James lifted their price objective on shares of Allstate from $205.00 to $220.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 4th. Finally, BMO Capital Markets boosted their target price on shares of Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Allstate currently has a consensus rating of "Moderate Buy" and an average price target of $212.56.
View Our Latest Research Report on ALL
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.
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