DekaBank Deutsche Girozentrale Acquires 125,437 Shares of Allstate Corp (NYSE:ALL)

Share on StockTwits

DekaBank Deutsche Girozentrale boosted its holdings in shares of Allstate Corp (NYSE:ALL) by 31.4% during the second quarter, HoldingsChannel reports. The fund owned 524,443 shares of the insurance provider’s stock after purchasing an additional 125,437 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Allstate were worth $52,730,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in Allstate by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,646,227 shares of the insurance provider’s stock valued at $218,651,000 after buying an additional 50,073 shares during the period. Geode Capital Management LLC lifted its stake in shares of Allstate by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 4,733,322 shares of the insurance provider’s stock worth $390,468,000 after purchasing an additional 391,869 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Allstate during the 1st quarter worth $1,105,000. First Manhattan Co. lifted its stake in shares of Allstate by 1.4% during the 1st quarter. First Manhattan Co. now owns 28,494 shares of the insurance provider’s stock worth $2,683,000 after purchasing an additional 401 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Allstate during the 1st quarter worth $608,000. 78.26% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the company. Morgan Stanley upped their price objective on Allstate from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th. Goldman Sachs Group upgraded Allstate from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $106.00 to $110.00 in a research note on Wednesday, May 29th. Credit Suisse Group cut Allstate from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $100.00 to $94.00 in a research note on Thursday, July 11th. UBS Group increased their price target on Allstate from $102.00 to $106.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Finally, Raymond James increased their price target on Allstate from $115.00 to $125.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $107.25.

In related news, Director Judith A. Sprieser sold 2,225 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $102.63, for a total transaction of $228,351.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Glenn T. Shapiro sold 22,289 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $102.22, for a total value of $2,278,381.58. Following the sale, the insider now directly owns 25,584 shares in the company, valued at $2,615,196.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 126,836 shares of company stock valued at $13,071,947. Company insiders own 1.60% of the company’s stock.

Shares of NYSE:ALL opened at $104.44 on Wednesday. Allstate Corp has a 52-week low of $77.00 and a 52-week high of $109.13. The stock has a market capitalization of $34.27 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.34 and a beta of 0.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.28 and a current ratio of 0.28. The business has a 50-day moving average price of $103.20.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.70. Allstate had a return on equity of 12.66% and a net margin of 6.52%. The firm had revenue of $8.99 billion during the quarter, compared to analysts’ expectations of $8.96 billion. During the same period last year, the business posted $2.00 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts expect that Allstate Corp will post 9.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Thursday, August 29th. Allstate’s payout ratio is 24.78%.

Allstate Profile

The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

See Also: Initial Public Offering (IPO)

Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allstate Corp (NYSE:ALL).

Institutional Ownership by Quarter for Allstate (NYSE:ALL)

Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

EJF Capital LLC Lowers Stake in Sandy Spring Bancorp Inc.
EJF Capital LLC Lowers Stake in Sandy Spring Bancorp Inc.
EJF Capital LLC Buys New Position in Radian Group Inc
EJF Capital LLC Buys New Position in Radian Group Inc
EJF Capital LLC Has $7.26 Million Position in Rhinebeck Bancorp Inc
EJF Capital LLC Has $7.26 Million Position in Rhinebeck Bancorp Inc
EJF Capital LLC Buys Shares of 402,288 Mainstreet Bank Common Stock
EJF Capital LLC Buys Shares of 402,288 Mainstreet Bank Common Stock
EJF Capital LLC Grows Stock Position in First Savings Financial Group Inc
EJF Capital LLC Grows Stock Position in First Savings Financial Group Inc
SB Financial Group Inc  Shares Bought by EJF Capital LLC
SB Financial Group Inc Shares Bought by EJF Capital LLC


© 2006-2019 Ticker Report