The Allstate Corporation $ALL Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in shares of The Allstate Corporation (NYSE:ALL) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,693 shares of the insurance provider’s stock after purchasing an additional 6,528 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Allstate were worth $11,176,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Caprock Group LLC acquired a new position in Allstate during the third quarter worth about $3,598,000. Jones Financial Companies Lllp grew its holdings in Allstate by 6.9% during the third quarter. Jones Financial Companies Lllp now owns 189,718 shares of the insurance provider’s stock worth $40,489,000 after acquiring an additional 12,225 shares during the period. CIBC Bancorp USA Inc. acquired a new position in Allstate during the third quarter worth about $7,814,000. Thrivent Financial for Lutherans grew its holdings in Allstate by 14.6% during the third quarter. Thrivent Financial for Lutherans now owns 416,847 shares of the insurance provider’s stock worth $89,477,000 after acquiring an additional 53,237 shares during the period. Finally, Elo Mutual Pension Insurance Co grew its holdings in Allstate by 39.6% during the third quarter. Elo Mutual Pension Insurance Co now owns 40,298 shares of the insurance provider’s stock worth $8,650,000 after acquiring an additional 11,431 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ALL shares. Weiss Ratings raised Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, March 23rd. Wells Fargo & Company lifted their price target on Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Wall Street Zen cut Allstate from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Mizuho dropped their price target on Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $260.00 price target on shares of Allstate in a research note on Tuesday, March 3rd. Three investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $241.67.

Allstate Trading Up 0.7%

Shares of NYSE ALL opened at $207.50 on Tuesday. The Allstate Corporation has a one year low of $188.08 and a one year high of $227.62. The firm has a market capitalization of $53.41 billion, a PE ratio of 4.58, a PEG ratio of 0.37 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 business has a 50-day moving average price of $212.78 and a two-hundred day moving average price of $208.59.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The firm had revenue of $16.94 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same period last year, the company posted $3.53 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, analysts predict that The Allstate Corporation will post 29.11 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, June 1st. Allstate’s payout ratio is currently 9.53%.

Insider Activity

In other news, insider Mark Q. Prindiville sold 1,550 shares of Allstate stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $216.27, for a total transaction of $335,218.50. Following the completion of the sale, the insider directly owned 27,558 shares in the company, valued at $5,959,968.66. The trade was a 5.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mario Rizzo sold 18,578 shares of Allstate 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 sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at approximately $17,991,267.60. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.55% of the stock is owned by insiders.

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.