The Allstate Corporation $ALL Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of The Allstate Corporation (NYSE:ALL) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,640 shares of the insurance provider’s stock after acquiring an additional 34,012 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of Allstate worth $101,388,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in shares of Allstate by 4.7% during the second quarter. Parkside Financial Bank & Trust now owns 1,189 shares of the insurance provider’s stock worth $239,000 after buying an additional 53 shares during the period. Aviva PLC lifted its holdings in shares of Allstate by 8.5% in the second quarter. Aviva PLC now owns 200,620 shares of the insurance provider’s stock valued at $40,387,000 after purchasing an additional 15,733 shares in the last quarter. RWA Wealth Partners LLC lifted its stake in Allstate by 5,674.9% in the 2nd quarter. RWA Wealth Partners LLC now owns 58,500 shares of the insurance provider’s stock worth $11,777,000 after acquiring an additional 57,487 shares in the last quarter. AGF Management Ltd. boosted its holdings in shares of Allstate by 3.6% during the second quarter. AGF Management Ltd. now owns 14,648 shares of the insurance provider’s stock worth $2,949,000 after purchasing an additional 515 shares during the period. Finally, AE Wealth Management LLC increased its stake in shares of Allstate by 20.8% in the second quarter. AE Wealth Management LLC now owns 4,288 shares of the insurance provider’s stock worth $863,000 after acquiring an additional 739 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Allstate Trading Up 2.2%

NYSE:ALL opened at $202.29 on Friday. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.70. The stock’s fifty day moving average price is $201.86 and its two-hundred day moving average price is $201.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market cap of $52.94 billion, a P/E ratio of 9.51, a P/E/G ratio of 0.69 and a beta of 0.35.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.48 by $5.69. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the prior year, the company posted $3.91 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, analysts expect that The Allstate Corporation will post 18.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their target price on Allstate from $202.00 to $216.00 and gave the company an “equal weight” rating in a report on Friday. UBS Group boosted their price objective on shares of Allstate from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Roth Capital set a $230.00 price objective on Allstate and gave the stock a “buy” rating in a research report on Friday, September 26th. Citigroup raised shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. Finally, Barclays reiterated an “underweight” rating and set a $198.00 price objective (up from $188.00) on shares of Allstate in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $236.53.

About Allstate

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.