IFM Investors Pty Ltd increased its position in shares of Allstate Corp (NYSE:ALL) by 12.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,608 shares of the insurance provider’s stock after purchasing an additional 2,414 shares during the quarter. IFM Investors Pty Ltd’s holdings in Allstate were worth $2,129,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ALL. Oregon Public Employees Retirement Fund raised its holdings in Allstate by 8,063.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,165,142 shares of the insurance provider’s stock valued at $38,000 after buying an additional 3,126,372 shares during the last quarter. Norges Bank acquired a new stake in Allstate during the 4th quarter valued at approximately $189,048,000. Bank of Montreal Can increased its position in Allstate by 65.3% during the 4th quarter. Bank of Montreal Can now owns 2,957,927 shares of the insurance provider’s stock valued at $244,414,000 after purchasing an additional 1,168,707 shares during the period. Federated Investors Inc. PA increased its position in Allstate by 120.9% during the 3rd quarter. Federated Investors Inc. PA now owns 1,115,465 shares of the insurance provider’s stock valued at $110,096,000 after purchasing an additional 610,526 shares during the period. Finally, California Public Employees Retirement System increased its position in Allstate by 38.2% during the 4th quarter. California Public Employees Retirement System now owns 2,123,049 shares of the insurance provider’s stock valued at $175,428,000 after purchasing an additional 586,566 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.
NYSE:ALL traded up $1.99 during mid-day trading on Friday, reaching $96.38. The stock had a trading volume of 1,883,855 shares, compared to its average volume of 1,611,510. The company has a market capitalization of $31.42 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.26 and a beta of 0.83. Allstate Corp has a one year low of $77.00 and a one year high of $102.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.29 and a quick ratio of 0.29.
ALL has been the subject of several recent analyst reports. Wells Fargo & Co reaffirmed a “hold” rating and set a $94.00 price objective on shares of Allstate in a research report on Tuesday, March 12th. Zacks Investment Research downgraded shares of Allstate from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 18th. William Blair raised shares of Allstate from an “underperform” rating to a “market perform” rating in a research report on Wednesday, February 6th. Compass Point began coverage on shares of Allstate in a research report on Tuesday, January 15th. They issued a “buy” rating and a $114.00 price target for the company. Finally, UBS Group lifted their price target on shares of Allstate from $102.00 to $106.00 and gave the company a “neutral” rating in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $101.91.
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Allstate Company Profile
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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