National Pension Service Acquires 93,357 Shares of The Allstate Co. (NYSE:ALL)

National Pension Service raised its holdings in shares of The Allstate Co. (NYSE:ALL) by 28.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 417,240 shares of the insurance provider’s stock after purchasing an additional 93,357 shares during the period. National Pension Service owned 0.16% of Allstate worth $79,130,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. BDF Gestion bought a new stake in Allstate in the second quarter worth $3,051,000. OFI Invest Asset Management bought a new stake in Allstate during the 2nd quarter valued at about $476,000. Envestnet Portfolio Solutions Inc. raised its holdings in Allstate by 12.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 50,383 shares of the insurance provider’s stock worth $8,717,000 after buying an additional 5,586 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Allstate by 251.8% in the first quarter. SG Americas Securities LLC now owns 53,090 shares of the insurance provider’s stock worth $9,185,000 after buying an additional 38,001 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Allstate by 351.6% during the first quarter. Cetera Investment Advisers now owns 65,221 shares of the insurance provider’s stock valued at $11,284,000 after buying an additional 50,780 shares during the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Allstate

In other news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the sale, the insider now directly owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 88,552 shares in the company, valued at approximately $15,880,915.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John E. Dugenske sold 36,367 shares of the stock in a transaction dated 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 directly owns 27,364 shares in the company, valued at $5,236,922.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 192,530 shares of company stock valued at $34,967,665. Corporate insiders own 1.80% of the company’s stock.

Allstate Price Performance

Shares of Allstate stock opened at $185.03 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The Allstate Co. has a 52 week low of $127.93 and a 52 week high of $198.79. The stock’s 50-day simple moving average is $188.85 and its 200-day simple moving average is $175.50. The company has a market capitalization of $49.00 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 1.73 and a beta of 0.48.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping the consensus estimate of $2.20 by $1.71. The business had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. As a group, analysts expect that The Allstate Co. will post 15.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ALL has been the subject of several recent analyst reports. Piper Sandler boosted their price target on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. increased their price objective on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Bank of America lifted their target price on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. StockNews.com downgraded Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Finally, UBS Group upped their price objective on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $208.44.

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.