APG Asset Management N.V. Makes New Investment in The Allstate Co. (NYSE:ALL)

APG Asset Management N.V. acquired a new stake in The Allstate Co. (NYSE:ALL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 143,300 shares of the insurance provider's stock, valued at approximately $26,680,000. APG Asset Management N.V. owned 0.05% of Allstate as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new stake in shares of Allstate during the 4th quarter valued at approximately $25,000. Twin Tree Management LP acquired a new position in Allstate during the fourth quarter worth $27,000. Vision Financial Markets LLC purchased a new stake in Allstate during the fourth quarter worth $29,000. Hopwood Financial Services Inc. acquired a new stake in Allstate in the fourth quarter valued at $29,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Allstate during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 76.47% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on ALL shares. JPMorgan Chase & Co. increased their price objective on shares of Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. StockNews.com raised shares of Allstate from a "hold" rating to a "buy" rating in a research note on Tuesday, April 8th. Evercore ISI raised Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods dropped their price target on Allstate from $240.00 to $228.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company upped their price objective on Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Allstate has an average rating of "Moderate Buy" and a consensus price target of $219.27.

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Insider Buying and Selling at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of the transaction, the chief financial officer now directly owns 18,115 shares in the company, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

Allstate Trading Up 0.1 %

Shares of ALL traded up $0.11 during mid-day trading on Tuesday, reaching $195.61. The company had a trading volume of 369,651 shares, compared to its average volume of 1,614,824. The stock has a market cap of $51.84 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.01 and a beta of 0.36. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $196.87 and a 200-day simple moving average of $194.27. The Allstate Co. has a fifty-two week low of $156.66 and a fifty-two week high of $212.91.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. On average, sell-side analysts anticipate that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Allstate's previous quarterly dividend of $0.92. Allstate's dividend payout ratio is 23.54%.

Allstate announced that its board has authorized a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the insurance provider to buy up to 3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Allstate Profile

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.