Mn Services Vermogensbeheer B.V. Purchases 2,500 Shares of The Allstate Co. (NYSE:ALL)

Mn Services Vermogensbeheer B.V. boosted its position in shares of The Allstate Co. (NYSE:ALL) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,873 shares of the insurance provider’s stock after buying an additional 2,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Allstate were worth $19,833,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. New York Life Investment Management LLC increased its stake in Allstate by 0.6% in the fourth quarter. New York Life Investment Management LLC now owns 39,228 shares of the insurance provider’s stock valued at $7,563,000 after acquiring an additional 226 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Allstate by 0.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,661 shares of the insurance provider’s stock worth $4,369,000 after purchasing an additional 88 shares during the last quarter. National Pension Service boosted its holdings in shares of Allstate by 69.7% in the 4th quarter. National Pension Service now owns 708,098 shares of the insurance provider’s stock valued at $136,514,000 after purchasing an additional 290,858 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of Allstate by 8.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 161,809 shares of the insurance provider’s stock valued at $31,195,000 after purchasing an additional 12,661 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Allstate by 10.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 508,664 shares of the insurance provider’s stock worth $98,065,000 after buying an additional 48,382 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Insider Transactions at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the sale, the chief financial officer now owns 18,115 shares of the company’s stock, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Allstate Stock Up 3.5 %

Shares of ALL opened at $195.01 on Friday. The stock’s 50-day moving average price is $190.15 and its two-hundred day moving average price is $190.71. The Allstate Co. has a 12 month low of $153.87 and a 12 month high of $209.88. The company has a market capitalization of $51.68 billion, a PE ratio of 11.48, a PEG ratio of 1.01 and a beta of 0.52. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. On average, analysts anticipate that The Allstate Co. will post 18.74 EPS for the current year.

Allstate declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the insurance provider to purchase up to 3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a $1.00 dividend. This is a positive change from Allstate’s previous quarterly dividend of $0.92. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Monday, March 10th. Allstate’s dividend payout ratio is currently 21.66%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ALL shares. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Morgan Stanley raised their price target on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company raised their target price on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Finally, Barclays decreased their target price on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $217.94.

Allstate Company Profile

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.