Impax Asset Management Group plc Has $1.32 Million Stock Holdings in The Allstate Corporation $ALL

Impax Asset Management Group plc boosted its holdings in shares of The Allstate Corporation (NYSE:ALL) by 55.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,531 shares of the insurance provider’s stock after purchasing an additional 2,337 shares during the period. Impax Asset Management Group plc’s holdings in Allstate were worth $1,315,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Atlas Capital Advisors Inc. lifted its holdings in shares of Allstate by 197.3% during the first quarter. Atlas Capital Advisors Inc. now owns 6,712 shares of the insurance provider’s stock valued at $1,390,000 after acquiring an additional 4,454 shares during the period. Commonwealth Retirement Investments LLC grew its holdings in shares of Allstate by 103.5% in the 2nd quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock worth $2,609,000 after purchasing an additional 6,590 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Allstate during the 1st quarter worth about $22,405,000. Advisors Capital Management LLC bought a new position in Allstate during the 1st quarter valued at about $301,000. Finally, Nordea Investment Management AB boosted its position in Allstate by 434.3% in the second quarter. Nordea Investment Management AB now owns 116,705 shares of the insurance provider’s stock valued at $23,115,000 after buying an additional 94,863 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ALL shares. Wells Fargo & Company raised their price objective on shares of Allstate from $202.00 to $216.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Wall Street Zen lowered Allstate from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Wolfe Research raised Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. Raymond James Financial reissued a “strong-buy” rating and issued a $260.00 price objective (up previously from $250.00) on shares of Allstate in a research note on Monday, August 4th. Finally, Keefe, Bruyette & Woods raised their target price on Allstate from $246.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $237.13.

Allstate Stock Up 0.8%

Shares of ALL opened at $210.95 on Friday. The firm has a market capitalization of $55.20 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 0.69 and a beta of 0.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The business’s fifty day moving average price is $202.09 and its two-hundred day moving average price is $201.52. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $215.70.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share 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 company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter in the previous year, the company posted $3.91 earnings per share. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts predict that The Allstate Corporation will post 18.74 earnings per share 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.