United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires New Holdings in The Allstate Corporation $ALL

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in The Allstate Corporation (NYSE:ALL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,900 shares of the insurance provider’s stock, valued at approximately $584,000.

A number of other institutional investors have also modified their holdings of the company. Arlington Trust Co LLC boosted its stake in Allstate by 261.8% in the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 89 shares in the last quarter. Clearstead Trust LLC boosted its position in shares of Allstate by 3,800.0% in the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 152 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Allstate by 315.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock worth $33,000 after buying an additional 126 shares during the last quarter. Hilltop National Bank acquired a new position in Allstate during the 2nd quarter valued at about $34,000. Finally, Meeder Asset Management Inc. raised its stake in Allstate by 113.8% in the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after buying an additional 99 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ALL has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Wolfe Research raised shares of Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. Keefe, Bruyette & Woods boosted their target price on shares of Allstate from $246.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Wall Street Zen lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Cantor Fitzgerald upgraded shares of Allstate to a “hold” rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $237.92.

Allstate Stock Up 0.6%

Shares of NYSE ALL opened at $213.92 on Thursday. The firm has a market cap of $55.98 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35. The company’s 50-day simple moving average is $204.37 and its 200-day simple moving average is $202.28. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.89.

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

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be issued a $1.00 dividend. The ex-dividend date is Monday, December 1st. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. Allstate’s dividend payout ratio is presently 12.95%.

Insiders Place Their Bets

In other Allstate news, insider Suren Gupta sold 21,871 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $215.21, for a total value of $4,706,857.91. Following the transaction, the insider directly owned 100,646 shares of the company’s stock, valued at $21,660,025.66. This trade represents a 17.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 24,271 shares of company stock valued at $5,222,986. Company insiders own 1.70% of the company’s stock.

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.