Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Allstate Corporation (The) (NYSE:ALL) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,172 shares of the insurance provider’s stock after buying an additional 3,400 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Allstate were worth $5,438,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Allstate by 1.5% during the second quarter. BlackRock Inc. now owns 26,847,576 shares of the insurance provider’s stock worth $2,374,397,000 after buying an additional 389,249 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Allstate by 2.4% in the second quarter. Vanguard Group Inc. now owns 24,213,610 shares of the insurance provider’s stock valued at $2,141,452,000 after purchasing an additional 575,645 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Allstate by 18.8% in the second quarter. Northern Trust Corp now owns 7,202,273 shares of the insurance provider’s stock valued at $636,969,000 after purchasing an additional 1,141,782 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Allstate by 11.1% in the third quarter. Wells Fargo & Company MN now owns 5,178,889 shares of the insurance provider’s stock valued at $475,991,000 after purchasing an additional 518,058 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Allstate by 2.8% in the second quarter. Alliancebernstein L.P. now owns 4,605,659 shares of the insurance provider’s stock valued at $407,324,000 after purchasing an additional 125,560 shares during the last quarter. Hedge funds and other institutional investors own 76.33% of the company’s stock.
Allstate Corporation (ALL) opened at $103.10 on Monday. The firm has a market cap of $36,994.96, a PE ratio of 15.18, a P/E/G ratio of 1.99 and a beta of 1.12. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31. Allstate Corporation has a 1 year low of $70.22 and a 1 year high of $103.51.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.48 annualized dividend and a yield of 1.44%. Allstate’s payout ratio is currently 20.56%.
Several brokerages have recently commented on ALL. Goldman Sachs Group began coverage on shares of Allstate in a report on Monday. They issued a “neutral” rating for the company. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate in a report on Thursday, August 17th. Buckingham Research began coverage on shares of Allstate in a report on Monday, September 11th. They issued an “underperform” rating and a $74.00 target price for the company. BidaskClub downgraded shares of Allstate from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, B. Riley reiterated a “neutral” rating on shares of Allstate in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Allstate currently has an average rating of “Hold” and an average target price of $93.38.
In related news, CEO Thomas J. Wilson sold 130,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $99.29, for a total transaction of $12,907,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Susan L. Lees sold 4,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $100.49, for a total transaction of $401,960.00. Following the transaction, the executive vice president now owns 24,341 shares of the company’s stock, valued at approximately $2,446,027.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 432,242 shares of company stock valued at $42,827,931. 1.50% of the stock is owned by company insiders.
Allstate Company Profile
The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.
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