The Allstate Corporation $ALL Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in shares of The Allstate Corporation (NYSE:ALL) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,195,101 shares of the insurance provider’s stock after selling 17,146 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Allstate were worth $265,145,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Allstate in the second quarter valued at about $5,439,448,000. Bank of America Corp DE bought a new stake in Allstate during the 2nd quarter worth about $1,410,362,000. GQG Partners LLC bought a new stake in Allstate during the 2nd quarter worth about $1,245,710,000. Deutsche Bank AG acquired a new position in Allstate during the 2nd quarter valued at about $1,008,648,000. Finally, Legal & General Group Plc acquired a new position in Allstate during the 2nd quarter valued at about $455,302,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Activity at Allstate

In other Allstate news, insider John E. Dugenske sold 32,996 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $269.33, for a total value of $8,886,812.68. Following the completion of the sale, the insider owned 13,054 shares of the company’s stock, valued at approximately $3,515,833.82. This represents a 71.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mario Rizzo sold 56,225 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the completion of the sale, the chief operating officer owned 82,227 shares in the company, valued at approximately $21,747,396.96. This trade represents a 40.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ALL shares. BMO Capital Markets raised their target price on shares of Allstate from $250.00 to $284.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Piper Sandler reissued an “overweight” rating on shares of Allstate in a research note on Monday, September 28th. Keefe, Bruyette & Woods dropped their price target on shares of Allstate from $250.00 to $232.00 and set an “underperform” rating for the company in a research note on Monday, October 12th. Mizuho cut their price objective on shares of Allstate from $300.00 to $295.00 and set an “outperform” rating on the stock in a report on Wednesday, October 7th. Finally, Evercore raised their price objective on shares of Allstate from $240.00 to $262.00 in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Allstate has a consensus rating of “Hold” and a consensus price target of $270.19.

Allstate Trading Up 1.3%

NYSE:ALL opened at $249.94 on Wednesday. The Allstate Corporation has a 1-year low of $188.08 and a 1-year high of $277.22. The business’s 50-day moving average price is $246.08 and its two-hundred day moving average price is $235.84. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $63.20 billion, a price-to-earnings ratio of 4.99, a PEG ratio of 0.55 and a beta of 0.13.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.06 by $2.93. The company had revenue of $18.60 billion during the quarter, compared to analyst estimates of $15.46 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $5.94 EPS. On average, equities analysts expect that The Allstate Corporation will post 36.20 earnings per share for the current year.

Allstate Profile

Allstate Corp. (NYSE: ALL) is an insurance company that provides protection products and related services primarily in the United States. Its offerings include automobile, homeowners, renters, condominium, motorcycle and other personal property and casualty insurance, distributed through agents, brokers, direct channels and digital platforms.

The company also provides roadside assistance, identity-protection services and protection plans for consumer products. Through its acquisition of National General, Allstate expanded its presence in independent-agent distribution and specialty personal insurance.