9,051 Shares in The Allstate Corporation $ALL Acquired by North Dakota State Investment Board

North Dakota State Investment Board acquired a new position in shares of The Allstate Corporation (NYSE:ALL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,051 shares of the insurance provider’s stock, valued at approximately $1,884,000.

Other institutional investors have also recently bought and sold shares of the company. Rossmore Private Capital bought a new position in shares of Allstate during the 4th quarter valued at approximately $225,000. Leuthold Group LLC raised its position in shares of Allstate by 0.4% during the 4th quarter. Leuthold Group LLC now owns 19,838 shares of the insurance provider’s stock valued at $4,129,000 after buying an additional 82 shares in the last quarter. Macroview Investment Management LLC increased its position in shares of Allstate by 6.6% during the 4th quarter. Macroview Investment Management LLC now owns 1,187 shares of the insurance provider’s stock valued at $247,000 after purchasing an additional 73 shares during the last quarter. Canada Post Corp Registered Pension Plan grew its holdings in shares of Allstate by 29.0% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 6,228 shares of the insurance provider’s stock valued at $1,296,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Qsemble Capital Management LP boosted its holdings in Allstate by 517.5% during the 4th quarter. Qsemble Capital Management LP now owns 27,281 shares of the insurance provider’s stock valued at $5,679,000 after acquiring an additional 22,863 shares during the period. Institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Raymond James Financial reaffirmed a “strong-buy” rating and set a $260.00 price target on shares of Allstate in a research report on Tuesday, March 3rd. Barclays upped their target price on Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a report on Wednesday, April 8th. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $260.00 to $266.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. upped their price target on shares of Allstate from $260.00 to $263.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $231.00 price target on shares of Allstate in a research note on Thursday, March 5th. Three equities 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 given a Sell rating to the company’s stock. According to MarketBeat, Allstate has a consensus rating of “Moderate Buy” and a consensus price target of $241.67.

Allstate Trading Up 1.8%

Allstate stock opened at $221.26 on Tuesday. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $222.69. The company has a market cap of $56.96 billion, a P/E ratio of 4.88, a P/E/G ratio of 0.39 and a beta of 0.21. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $211.38 and a two-hundred day simple moving average of $207.38.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The company had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same quarter last year, the firm posted $3.53 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Analysts predict that The Allstate Corporation will post 29.22 EPS for the current year.

Insider Activity at Allstate

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

About Allstate

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.