The Allstate Corporation $ALL Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in shares of The Allstate Corporation (NYSE:ALL) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,577 shares of the insurance provider’s stock after selling 8,461 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Allstate were worth $35,748,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Westpac Banking Corp raised its stake in shares of Allstate by 5.5% in the 2nd quarter. Westpac Banking Corp now owns 4,321 shares of the insurance provider’s stock valued at $870,000 after acquiring an additional 226 shares during the period. Integrated Quantitative Investments LLC purchased a new stake in Allstate during the 2nd quarter worth $876,000. Kingsview Wealth Management LLC increased its holdings in Allstate by 183.2% in the 2nd quarter. Kingsview Wealth Management LLC now owns 16,528 shares of the insurance provider’s stock valued at $3,327,000 after purchasing an additional 10,691 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in Allstate by 16.4% in the second quarter. Citizens Financial Group Inc. RI now owns 3,162 shares of the insurance provider’s stock valued at $640,000 after purchasing an additional 446 shares during the period. Finally, Avantax Advisory Services Inc. lifted its stake in shares of Allstate by 3.1% during the second quarter. Avantax Advisory Services Inc. now owns 23,573 shares of the insurance provider’s stock worth $4,745,000 after purchasing an additional 704 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on ALL shares. Raymond James Financial reiterated a “strong-buy” rating and set a $260.00 target price (up from $250.00) on shares of Allstate in a report on Monday, August 4th. Wall Street Zen cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Wolfe Research raised shares of Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. BMO Capital Markets boosted their price objective on shares of Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Finally, Barclays restated an “underweight” rating and set a $198.00 target price (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, eleven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $237.64.

Allstate Trading Down 2.5%

NYSE ALL opened at $209.05 on Tuesday. The company’s fifty day moving average price is $202.52 and its two-hundred day moving average price is $201.77. The company has a market capitalization of $54.70 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $215.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43.

Allstate (NYSE:ALL) last issued its quarterly 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 business had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.91 earnings per share. As a group, research analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Insider Activity at Allstate

In other news, insider Suren Gupta sold 1,400 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $215.02, for a total value of $301,028.00. Following the completion of the sale, the insider directly owned 101,031 shares in the company, valued at approximately $21,723,685.62. The trade was a 1.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.

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.