The Allstate Corporation $ALL Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in The Allstate Corporation (NYSE:ALL) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,489 shares of the insurance provider’s stock after purchasing an additional 2,590 shares during the period. Nisa Investment Advisors LLC’s holdings in Allstate were worth $22,688,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Swedbank AB lifted its stake in shares of Allstate by 2,157.8% during the third quarter. Swedbank AB now owns 861,725 shares of the insurance provider’s stock worth $184,969,000 after purchasing an additional 823,559 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Allstate in the third quarter valued at about $148,641,000. Ameriprise Financial Inc. raised its holdings in shares of Allstate by 52.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,385,901 shares of the insurance provider’s stock valued at $279,062,000 after buying an additional 478,598 shares during the period. Danske Bank A S purchased a new stake in shares of Allstate during the 3rd quarter valued at about $100,596,000. Finally, Dimensional Fund Advisors LP lifted its position in Allstate by 18.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,606,451 shares of the insurance provider’s stock worth $559,435,000 after acquiring an additional 401,700 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ALL shares. Wells Fargo & Company decreased their price target on Allstate from $228.00 to $227.00 and set an “equal weight” rating for the company in a report on Friday, February 20th. William Blair cut shares of Allstate from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 18th. The Goldman Sachs Group restated a “neutral” rating and issued a $231.00 target price on shares of Allstate in a research note on Thursday, March 5th. Weiss Ratings raised shares of Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, March 23rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $220.00 price target on shares of Allstate in a research note on Thursday, February 5th. Four investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $237.94.

Insider Buying and Selling

In other Allstate news, insider Suren Gupta sold 19,593 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the completion of the transaction, the insider directly owned 100,646 shares of the company’s stock, valued at $21,135,660. This trade represents a 16.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by company insiders.

Allstate Price Performance

Shares of NYSE ALL opened at $207.16 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $216.75. The business has a 50 day moving average price of $205.61 and a two-hundred day moving average price of $205.00. The firm has a market cap of $53.77 billion, a PE ratio of 5.42, a price-to-earnings-growth ratio of 0.42 and a beta of 0.23.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The company had revenue of $17.35 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same period in the prior year, the company posted $7.67 EPS. Allstate’s quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be issued a $1.08 dividend. This is a boost from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, March 2nd. Allstate’s dividend payout ratio is currently 11.31%.

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.