Achmea Investment Management B.V. Has $9.13 Million Holdings in Allstate Corp (ALL)

Achmea Investment Management B.V. cut its position in shares of Allstate Corp (NYSE:ALL) by 13.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,483 shares of the insurance provider’s stock after selling 14,540 shares during the quarter. Achmea Investment Management B.V.’s holdings in Allstate were worth $9,126,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ALL. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Allstate in the 3rd quarter valued at about $110,000. Kiley Juergens Wealth Management LLC acquired a new position in shares of Allstate in the 2nd quarter valued at about $124,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Allstate by 1,316.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,331 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 1,237 shares during the period. Cornerstone Wealth Management LLC acquired a new position in shares of Allstate in the 3rd quarter valued at about $146,000. Finally, Denali Advisors LLC acquired a new position in shares of Allstate in the 3rd quarter valued at about $158,000. 76.37% of the stock is owned by institutional investors.

In related news, EVP Harriet K. Harty sold 10,515 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $98.87, for a total value of $1,039,618.05. Following the transaction, the executive vice president now owns 14,606 shares in the company, valued at $1,444,095.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

ALL has been the topic of a number of research reports. Zacks Investment Research upgraded Allstate from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a report on Monday, August 27th. Credit Suisse Group dropped their target price on Allstate from $114.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, August 28th. Citigroup set a $115.00 target price on Allstate and gave the company a “buy” rating in a report on Friday, October 12th. Wells Fargo & Co reiterated a “hold” rating on shares of Allstate in a report on Thursday, August 16th. Finally, B. Riley upped their target price on Allstate from $88.00 to $103.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $103.92.

NYSE:ALL opened at $93.70 on Friday. Allstate Corp has a 52 week low of $88.29 and a 52 week high of $105.36. The company has a market capitalization of $31.35 billion, a P/E ratio of 13.96, a PEG ratio of 1.18 and a beta of 0.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.26 and a current ratio of 0.26.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.28). Allstate had a return on equity of 15.48% and a net margin of 9.38%. The firm had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.51 billion. During the same quarter in the prior year, the company posted $1.60 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts anticipate that Allstate Corp will post 9.25 EPS for the current year.

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Allstate Profile

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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