Securian Asset Management Inc. Decreases Stake in The Allstate Corporation $ALL

Securian Asset Management Inc. lowered its position in The Allstate Corporation (NYSE:ALL) by 43.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,115 shares of the insurance provider’s stock after selling 5,574 shares during the quarter. Securian Asset Management Inc.’s holdings in Allstate were worth $1,481,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. increased its holdings in Allstate by 8.5% in the 4th quarter. D Orazio & Associates Inc. now owns 1,125 shares of the insurance provider’s stock worth $234,000 after acquiring an additional 88 shares during the last quarter. Advisor OS LLC increased its holdings in Allstate by 1.8% in the 4th quarter. Advisor OS LLC now owns 3,803 shares of the insurance provider’s stock worth $792,000 after acquiring an additional 69 shares during the last quarter. Midwest Trust Co grew its holdings in Allstate by 1.5% during the 4th quarter. Midwest Trust Co now owns 95,570 shares of the insurance provider’s stock valued at $19,893,000 after buying an additional 1,438 shares in the last quarter. NewEdge Wealth LLC grew its holdings in Allstate by 44.6% during the 4th quarter. NewEdge Wealth LLC now owns 8,103 shares of the insurance provider’s stock valued at $1,687,000 after buying an additional 2,499 shares in the last quarter. Finally, Ethic Inc. grew its holdings in Allstate by 2.5% during the 4th quarter. Ethic Inc. now owns 52,551 shares of the insurance provider’s stock valued at $10,939,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ALL. Wall Street Zen lowered Allstate from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Wells Fargo & Company lifted their target price on Allstate from $229.00 to $243.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Piper Sandler lifted their target price on Allstate from $252.00 to $268.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $220.00 target price on shares of Allstate in a report on Thursday, February 5th. Finally, TD Cowen lowered Allstate from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and a consensus price target of $241.67.

Insider Activity at Allstate

In other news, COO Mario Rizzo sold 18,578 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the completion of the transaction, the chief operating officer owned 82,227 shares of the company’s stock, valued at approximately $17,991,267.60. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.55% of the company’s stock.

Allstate Stock Up 0.3%

Shares of NYSE ALL opened at $213.81 on Tuesday. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $222.23. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. The firm has a market capitalization 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 business has a 50-day moving average of $210.99 and a 200-day moving average of $206.54.

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

Allstate Profile

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.