Skandinaviska Enskilda Banken AB publ Has $11.81 Million Stock Position in The Allstate Co. (NYSE:ALL)

Skandinaviska Enskilda Banken AB publ increased its position in The Allstate Co. (NYSE:ALL) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,978 shares of the insurance provider’s stock after buying an additional 1,900 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Allstate were worth $11,811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ALL. Rise Advisors LLC acquired a new stake in Allstate in the first quarter valued at approximately $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate during the 1st quarter valued at $26,000. Versant Capital Management Inc increased its stake in Allstate by 70.9% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Family Firm Inc. acquired a new position in Allstate during the second quarter worth $38,000. Finally, MCF Advisors LLC lifted its stake in shares of Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after buying an additional 84 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Insider Transactions at Allstate

In related news, EVP Robert Toohey sold 16,682 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the sale, the executive vice president now directly owns 4,873 shares in the company, valued at approximately $877,968.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Allstate news, insider Suren Gupta sold 45,775 shares of Allstate stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the completion of the transaction, the insider now owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Toohey sold 16,682 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the completion of the sale, the executive vice president now directly owns 4,873 shares in the company, valued at $877,968.41. The disclosure for this sale can be found here. Insiders sold 201,938 shares of company stock worth $36,122,740 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Allstate Trading Up 0.2 %

Shares of ALL stock opened at $191.00 on Friday. The Allstate Co. has a 12-month low of $109.01 and a 12-month high of $193.19. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average of $179.42 and a 200-day moving average of $170.27. The firm has a market cap of $50.41 billion, a P/E ratio of 42.16, a PEG ratio of 1.74 and a beta of 0.48.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $1.28. The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.04 billion. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted ($4.42) earnings per share. Sell-side analysts anticipate that The Allstate Co. will post 15.16 earnings per share for the current year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be given a dividend of $0.92 per share. The ex-dividend date is Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a yield of 1.93%. Allstate’s dividend payout ratio is presently 81.24%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ALL. BMO Capital Markets upped their target price on shares of Allstate from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. The Goldman Sachs Group raised their target price on Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Bank of America upped their price target on Allstate from $213.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Morgan Stanley cut their price objective on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.76.

About Allstate

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.