Fjarde AP Fonden Fourth Swedish National Pension Fund Has $14.42 Million Position in The Allstate Corporation $ALL

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in The Allstate Corporation (NYSE:ALL) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,283 shares of the insurance provider’s stock after selling 3,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Allstate were worth $14,421,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Navalign LLC acquired a new position in shares of Allstate during the 4th quarter worth $27,000. Dorato Capital Management acquired a new stake in shares of Allstate in the 4th quarter valued at $27,000. Palisade Asset Management LLC bought a new stake in Allstate in the third quarter worth $31,000. Princeton Global Asset Management LLC boosted its holdings in Allstate by 101.3% in the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 76 shares in the last quarter. Finally, South Plains Financial Inc. increased its position in Allstate by 41.5% during the third quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after buying an additional 49 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Mario Rizzo sold 18,578 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following 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 legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Q. Prindiville sold 1,550 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $216.27, for a total transaction of $335,218.50. Following the transaction, the insider owned 27,558 shares of the company’s stock, valued at approximately $5,959,968.66. The trade was a 5.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 22,353 shares of company stock valued at $4,851,560. 1.55% of the stock is owned by company insiders.

Allstate Stock Up 4.8%

ALL stock opened at $220.98 on Friday. The stock has a market capitalization of $56.88 billion, a price-to-earnings ratio of 4.87, a price-to-earnings-growth ratio of 0.40 and a beta of 0.18. The company has a 50-day moving average of $213.31 and a two-hundred day moving average of $208.65. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $227.62. 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 posted 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. The business had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.53 earnings per share. As a group, equities research analysts anticipate that The Allstate Corporation will post 29.43 EPS for the current year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a $1.08 dividend. The ex-dividend date is Monday, June 1st. This represents a $4.32 annualized dividend and a dividend yield of 2.0%. Allstate’s dividend payout ratio (DPR) is presently 9.53%.

Analyst Upgrades and Downgrades

ALL has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating on shares of Allstate in a report on Thursday, May 28th. The Goldman Sachs Group reissued a “neutral” rating and set a $231.00 price objective on shares of Allstate in a report on Thursday, March 5th. Mizuho cut their price objective on Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Raymond James Financial restated a “strong-buy” rating and issued a $260.00 target price on shares of Allstate in a report on Tuesday, March 3rd. Finally, Barclays increased their price target on Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a report on Wednesday, April 8th. Three equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.67.

Allstate Company 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.