Czech National Bank Acquires 3,496 Shares of The Allstate Co. (NYSE:ALL)

Czech National Bank grew its holdings in shares of The Allstate Co. (NYSE:ALL) by 7.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,787 shares of the insurance provider’s stock after purchasing an additional 3,496 shares during the quarter. Czech National Bank’s holdings in Allstate were worth $10,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ALL. CIBC Private Wealth Group LLC raised its holdings in Allstate by 12.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 24,613 shares of the insurance provider’s stock worth $3,445,000 after acquiring an additional 2,668 shares during the period. Tower Research Capital LLC TRC raised its holdings in Allstate by 252.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 37,139 shares of the insurance provider’s stock worth $5,199,000 after acquiring an additional 26,593 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Allstate by 11.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 11,394 shares of the insurance provider’s stock worth $1,595,000 after acquiring an additional 1,151 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in Allstate by 338.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 39,472 shares of the insurance provider’s stock worth $5,525,000 after acquiring an additional 30,477 shares during the period. Finally, Cibc World Markets Corp raised its holdings in Allstate by 44.4% in the 4th quarter. Cibc World Markets Corp now owns 60,684 shares of the insurance provider’s stock worth $8,495,000 after acquiring an additional 18,673 shares during the period. Institutional investors own 76.47% of the company’s stock.

Insider Activity at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the transaction, the insider now owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the transaction, the insider now owns 27,364 shares of the company’s stock, valued at $5,236,922.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Suren Gupta sold 45,775 shares of Allstate stock in a transaction dated Thursday, July 18th. The shares were 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 directly owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 238,305 shares of company stock valued at $43,082,657. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Piper Sandler boosted their price objective on shares of Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Roth Mkm reissued a “buy” rating and issued a $200.00 target price on shares of Allstate in a research note on Wednesday, August 14th. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, TD Cowen upped their price objective on shares of Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $195.12.

Allstate Stock Up 1.5 %

Shares of ALL stock traded up $2.73 during trading hours on Friday, hitting $190.57. 704,734 shares of the company were exchanged, compared to its average volume of 1,547,504. The business has a 50 day moving average of $183.18 and a two-hundred day moving average of $172.31. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. The Allstate Co. has a 52 week low of $110.74 and a 52 week high of $193.97. The company has a market capitalization of $50.29 billion, a PE ratio of 42.07, a PEG ratio of 1.81 and a beta of 0.48.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $1.28. The company had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($4.42) earnings per share. Analysts anticipate that The Allstate Co. will post 15.2 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, August 30th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Friday, August 30th. Allstate’s dividend payout ratio (DPR) is currently 81.24%.

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.