207 Shares in The Allstate Co. (NYSE:ALL) Bought by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd acquired a new position in shares of The Allstate Co. (NYSE:ALL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 207 shares of the insurance provider’s stock, valued at approximately $40,000.

Several other large investors have also recently bought and sold shares of the company. MML Investors Services LLC boosted its position in Allstate by 5.6% during the 3rd quarter. MML Investors Services LLC now owns 7,039 shares of the insurance provider’s stock worth $1,335,000 after buying an additional 371 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Allstate by 25.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 94,174 shares of the insurance provider’s stock worth $17,860,000 after purchasing an additional 19,093 shares during the period. Geode Capital Management LLC grew its stake in shares of Allstate by 1.2% in the third quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock worth $1,178,164,000 after purchasing an additional 74,537 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in Allstate by 138.0% in the third quarter. Coldstream Capital Management Inc. now owns 8,180 shares of the insurance provider’s stock valued at $1,555,000 after purchasing an additional 4,743 shares during the period. Finally, Toronto Dominion Bank raised its position in Allstate by 1.4% during the 3rd quarter. Toronto Dominion Bank now owns 130,898 shares of the insurance provider’s stock worth $24,825,000 after purchasing an additional 1,787 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ALL. StockNews.com upgraded Allstate from a “hold” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on shares of Allstate from $217.00 to $222.00 and gave the stock an “overweight” rating in a report on Tuesday. Keefe, Bruyette & Woods decreased their price objective on shares of Allstate from $240.00 to $228.00 and set an “outperform” rating for the company in a research report on Wednesday. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Finally, Barclays decreased their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Allstate Stock Performance

Shares of ALL stock opened at $193.49 on Thursday. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $196.81 and a two-hundred day simple moving average of $194.17. The Allstate Co. has a 12 month low of $156.66 and a 12 month high of $212.91. The firm has a market capitalization of $51.28 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.36.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%. Analysts forecast that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.00 annualized dividend and a yield of 2.07%. This is an increase from Allstate’s previous quarterly dividend of $0.92. Allstate’s dividend payout ratio is 23.54%.

Allstate declared that its board has initiated a stock repurchase plan on Wednesday, February 26th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of Allstate stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the transaction, the chief financial officer now owns 18,115 shares of the company’s stock, valued at $3,378,990.95. This trade represents a 68.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

Allstate Company 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.