Nordea Investment Management AB Sells 90,037 Shares of The Allstate Co. (NYSE:ALL)

Nordea Investment Management AB cut its holdings in shares of The Allstate Co. (NYSE:ALLFree Report) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,550,137 shares of the insurance provider’s stock after selling 90,037 shares during the period. Nordea Investment Management AB’s holdings in Allstate were worth $217,391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Allstate by 11.5% during the third quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock valued at $3,595,266,000 after acquiring an additional 3,322,673 shares during the last quarter. BlackRock Inc. lifted its position in Allstate by 0.8% during the second quarter. BlackRock Inc. now owns 22,294,372 shares of the insurance provider’s stock valued at $2,430,978,000 after acquiring an additional 181,050 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Allstate by 9.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,039,351 shares of the insurance provider’s stock worth $669,221,000 after buying an additional 499,056 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Allstate by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,926,917 shares of the insurance provider’s stock worth $660,318,000 after buying an additional 172,250 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Allstate by 1.1% in the first quarter. Geode Capital Management LLC now owns 5,815,257 shares of the insurance provider’s stock worth $643,015,000 after buying an additional 63,438 shares during the last quarter. Hedge funds and other institutional investors own 77.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ALL shares. JPMorgan Chase & Co. increased their price objective on shares of Allstate from $164.00 to $172.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Keefe, Bruyette & Woods raised their price target on shares of Allstate from $171.00 to $181.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Raymond James raised their price target on shares of Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Jefferies Financial Group upgraded shares of Allstate from a “hold” rating to a “buy” rating and raised their price target for the company from $130.00 to $180.00 in a research report on Tuesday, January 9th. Finally, HSBC initiated coverage on shares of Allstate in a research report on Thursday, December 28th. They set a “hold” rating and a $145.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $159.12.

Get Our Latest Stock Report on ALL

Allstate Trading Up 1.8 %

Shares of ALL stock opened at $162.20 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $42.67 billion, a P/E ratio of -130.81, a price-to-earnings-growth ratio of 0.43 and a beta of 0.51. The company has a 50 day moving average price of $157.15 and a 200 day moving average price of $137.39. The Allstate Co. has a fifty-two week low of $100.57 and a fifty-two week high of $168.05.

Allstate (NYSE:ALLGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $1.95. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The firm had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $12.69 billion. During the same quarter in the previous year, the business posted ($1.36) earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities research analysts predict that The Allstate Co. will post 12.97 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.27%. The ex-dividend date is Friday, March 1st. This is a boost from Allstate’s previous quarterly dividend of $0.89. Allstate’s payout ratio is -296.77%.

Insiders Place Their Bets

In other news, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the sale, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by company insiders.

Allstate Profile

(Free Report)

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.

Recommended Stories

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

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.