Legal & General Group Plc Has $415.11 Million Position in The Allstate Corporation $ALL

Legal & General Group Plc reduced its holdings in shares of The Allstate Corporation (NYSE:ALL) by 0.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,994,304 shares of the insurance provider’s stock after selling 16,910 shares during the period. Legal & General Group Plc’s holdings in Allstate were worth $415,114,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Dorato Capital Management acquired a new stake in shares of Allstate during the 4th quarter valued at about $27,000. Navalign LLC acquired a new stake in shares of Allstate during the 4th quarter valued at about $27,000. Princeton Global Asset Management LLC boosted its position 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 acquiring an additional 76 shares in the last quarter. Palisade Asset Management LLC acquired a new stake in shares of Allstate during the 3rd quarter valued at about $31,000. Finally, South Plains Financial Inc. boosted its position 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 acquiring an additional 49 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Allstate

In other Allstate news, COO Mario Rizzo sold 18,578 shares of the business’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 completion of the transaction, the chief operating officer directly 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 legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.55% of the company’s stock.

Analysts Set New Price Targets

ALL has been the topic of several research analyst reports. Citigroup upped their price objective on shares of Allstate from $221.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Barclays upped their price objective on shares of Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 8th. JPMorgan Chase & Co. upped their price objective on shares of Allstate from $260.00 to $263.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $231.00 price objective on shares of Allstate in a research note on Thursday, March 5th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $260.00 price objective on shares of Allstate in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $241.67.

Allstate Trading Up 0.0%

Shares of NYSE ALL opened at $216.64 on Tuesday. The Allstate Corporation has a 1-year low of $188.08 and a 1-year high of $227.62. The company has a market cap of $55.77 billion, a PE ratio of 4.78, a P/E/G ratio of 0.39 and a beta of 0.21. 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 company has a 50-day moving average of $212.51 and a two-hundred day moving average of $208.33.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The company had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $15.24 billion. During the same period in the previous year, the firm posted $3.53 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. As a group, equities analysts expect that The Allstate Corporation will post 29.28 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $1.08 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.0%. Allstate’s payout ratio is currently 9.53%.

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.