Swiss Life Asset Management Ltd Buys 15,673 Shares of The Allstate Corporation $ALL

Swiss Life Asset Management Ltd boosted its stake in The Allstate Corporation (NYSE:ALL) by 20.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,546 shares of the insurance provider’s stock after acquiring an additional 15,673 shares during the period. Swiss Life Asset Management Ltd’s holdings in Allstate were worth $19,263,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Dorato Capital Management bought a new stake in Allstate in the fourth quarter valued at $27,000. Princeton Global Asset Management LLC boosted its holdings in shares of Allstate by 101.3% during the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after buying an additional 76 shares in the last quarter. Palisade Asset Management LLC bought a new stake in shares of Allstate during the 3rd quarter valued at $31,000. South Plains Financial Inc. boosted its holdings in shares of Allstate by 41.5% during the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock valued at $36,000 after buying an additional 49 shares in the last quarter. Finally, Garner Asset Management Corp bought a new stake in shares of Allstate during the 4th quarter valued at $38,000. Institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on ALL shares. Raymond James Financial restated a “strong-buy” rating and set a $260.00 target price on shares of Allstate in a report on Tuesday, March 3rd. JPMorgan Chase & Co. boosted their target price on shares of Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Piper Sandler boosted their target price on shares of Allstate from $252.00 to $268.00 and gave the company an “overweight” rating in a report on Friday, May 1st. The Goldman Sachs Group restated a “neutral” rating and set a $231.00 target price on shares of Allstate in a report on Thursday, March 5th. Finally, Citigroup boosted their target price on shares of Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and a consensus target price of $241.67.

Insider Transactions at Allstate

In related news, COO Mario Rizzo sold 18,578 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $218.80, for a total value of $4,064,866.40. Following the transaction, the chief operating officer owned 82,227 shares in the company, valued at $17,991,267.60. The trade was a 18.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.55% of the stock is currently owned by insiders.

Allstate Stock Performance

Shares of Allstate stock opened at $213.81 on Tuesday. The stock has a market cap of $55.04 billion, a price-to-earnings ratio of 4.72, a PEG ratio of 0.39 and a beta of 0.21. The firm’s 50-day moving average is $210.99 and its 200 day moving average is $206.54. The Allstate Corporation has a 1 year low of $188.08 and a 1 year high of $222.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. The company had revenue of $16.94 billion for the quarter, compared to analysts’ expectations of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. Allstate’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.53 EPS. Sell-side analysts anticipate that The Allstate Corporation will post 28.82 EPS for the current fiscal year.

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.