Global Retirement Partners LLC Acquires 3,006 Shares of The Allstate Corporation $ALL

Global Retirement Partners LLC grew its holdings in shares of The Allstate Corporation (NYSE:ALLFree Report) by 97.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,085 shares of the insurance provider’s stock after purchasing an additional 3,006 shares during the period. Global Retirement Partners LLC’s holdings in Allstate were worth $1,267,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State Street Corp lifted its position in Allstate by 0.7% in the 3rd quarter. State Street Corp now owns 11,859,517 shares of the insurance provider’s stock worth $2,557,362,000 after buying an additional 85,468 shares during the last quarter. Boston Partners lifted its position in Allstate by 14.9% in the 3rd quarter. Boston Partners now owns 3,050,780 shares of the insurance provider’s stock worth $654,652,000 after buying an additional 395,195 shares during the last quarter. Raymond James Financial Inc. lifted its position in Allstate by 3.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,793,645 shares of the insurance provider’s stock worth $562,388,000 after buying an additional 88,620 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Allstate by 18.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,606,451 shares of the insurance provider’s stock worth $559,435,000 after buying an additional 401,700 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Allstate by 6.7% in the 3rd quarter. Legal & General Group Plc now owns 2,011,214 shares of the insurance provider’s stock worth $431,707,000 after buying an additional 126,401 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of Allstate stock opened at $216.64 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The business’s 50 day simple moving average is $212.27 and its two-hundred day simple moving average is $208.18. The stock has a market capitalization of $55.77 billion, a P/E ratio of 4.78, a price-to-earnings-growth ratio of 0.39 and a beta of 0.21. The Allstate Corporation has a one year low of $188.08 and a one year high of $227.62.

Allstate (NYSE:ALLGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. The business had revenue of $16.94 billion for the quarter, compared to analysts’ expectations of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.53 EPS. Analysts forecast that The Allstate Corporation will post 29.28 EPS for the current year.

Insider Buying and Selling

In other Allstate news, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $17,991,267.60. The trade was a 18.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ALL has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, March 23rd. Mizuho dropped their target price on Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $260.00 price target on shares of Allstate in a research note on Tuesday, March 3rd. Finally, Piper Sandler lifted their price target on Allstate from $252.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and a consensus price target of $241.67.

Check Out Our Latest Analysis on Allstate

Allstate Profile

(Free Report)

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.

Further Reading

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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