Forsta AP Fonden Has $23.65 Million Stake in The Allstate Corporation $ALL

Forsta AP Fonden grew its position in The Allstate Corporation (NYSE:ALL) by 31.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,500 shares of the insurance provider’s stock after buying an additional 27,900 shares during the quarter. Forsta AP Fonden’s holdings in Allstate were worth $23,654,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ALL. Jupiter Asset Management Ltd. acquired a new position in Allstate during the second quarter valued at approximately $68,590,000. National Pension Service increased its stake in shares of Allstate by 21.8% in the 2nd quarter. National Pension Service now owns 918,379 shares of the insurance provider’s stock valued at $184,879,000 after purchasing an additional 164,491 shares during the last quarter. Advyzon Investment Management LLC raised its holdings in shares of Allstate by 6.3% during the 2nd quarter. Advyzon Investment Management LLC now owns 1,610 shares of the insurance provider’s stock worth $324,000 after buying an additional 95 shares in the last quarter. IMA Advisory Services Inc. lifted its position in shares of Allstate by 239.8% during the 2nd quarter. IMA Advisory Services Inc. now owns 4,098 shares of the insurance provider’s stock worth $829,000 after buying an additional 2,892 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Allstate by 6.7% during the 2nd quarter. Boston Partners now owns 2,649,759 shares of the insurance provider’s stock worth $533,905,000 after buying an additional 167,105 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ALL shares. Evercore ISI set a $233.00 target price on Allstate and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Roth Capital set a $230.00 price objective on shares of Allstate and gave the stock a “buy” rating in a research report on Friday, September 26th. Morgan Stanley raised their target price on shares of Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. BMO Capital Markets boosted their target price on shares of Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $237.13.

Allstate Stock Performance

NYSE ALL opened at $209.16 on Thursday. The company has a market capitalization of $54.73 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 0.69 and a beta of 0.35. 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 twelve month low of $176.00 and a twelve month high of $215.70. The stock has a fifty day simple moving average of $202.04 and a 200 day simple moving average of $201.45.

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

Allstate Profile

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.