Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in The Allstate Co. (NYSE:ALL – Free Report) by 8.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 249,624 shares of the insurance provider’s stock after purchasing an additional 20,007 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned approximately 0.10% of Allstate worth $27,219,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sei Investments Co. boosted its position in shares of Allstate by 40.2% during the 1st quarter. Sei Investments Co. now owns 187,869 shares of the insurance provider’s stock worth $26,022,000 after acquiring an additional 53,824 shares in the last quarter. Prudential PLC acquired a new position in shares of Allstate during the 1st quarter worth $1,325,000. Cetera Investment Advisers lifted its position in shares of Allstate by 13.9% during the 1st quarter. Cetera Investment Advisers now owns 23,536 shares of the insurance provider’s stock worth $3,260,000 after buying an additional 2,874 shares during the last quarter. Dakota Wealth Management acquired a new stake in Allstate in the first quarter valued at about $270,000. Finally, Sequoia Financial Advisors LLC grew its position in Allstate by 36.2% in the first quarter. Sequoia Financial Advisors LLC now owns 3,237 shares of the insurance provider’s stock valued at $448,000 after acquiring an additional 860 shares during the last quarter. Institutional investors and hedge funds own 77.23% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently commented on ALL. Citigroup increased their target price on shares of Allstate from $135.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 20th. The Goldman Sachs Group increased their price objective on shares of Allstate from $128.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Bank of America reduced their price target on shares of Allstate from $143.00 to $138.00 in a research report on Wednesday, August 2nd. Roth Mkm lifted their price target on Allstate from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Jefferies Financial Group lifted their price objective on shares of Allstate from $117.00 to $119.00 in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.50.
Allstate Stock Down 0.4 %
Shares of NYSE ALL opened at $129.85 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $33.98 billion, a PE ratio of -16.37 and a beta of 0.52. The Allstate Co. has a one year low of $100.57 and a one year high of $142.15. The business’s fifty day moving average price is $118.32 and its 200-day moving average price is $113.29.
Allstate (NYSE:ALL – Get Free Report) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.39 by $0.42. The business had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $12.78 billion. Allstate had a negative net margin of 3.51% and a negative return on equity of 10.95%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.56) earnings per share. On average, equities research analysts anticipate that The Allstate Co. will post -2.16 EPS for the current year.
Allstate Company Profile
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products under the Allstate and Encompass brand names.
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