Principal Financial Group Inc. Has $59.50 Million Holdings in The Allstate Co. (NYSE:ALL)

Principal Financial Group Inc. lifted its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 1.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 313,754 shares of the insurance provider's stock after buying an additional 5,980 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Allstate worth $59,503,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ALL. Spinnaker Trust acquired a new stake in shares of Allstate during the 3rd quarter worth approximately $229,000. Radnor Capital Management LLC acquired a new stake in shares of Allstate in the 3rd quarter valued at $302,000. Leslie Global Wealth LLC acquired a new position in Allstate in the third quarter valued at approximately $210,000. Catalina Capital Group LLC purchased a new position in shares of Allstate during the third quarter worth about $253,000. Finally, Avidian Wealth Enterprises LLC raised its holdings in shares of Allstate by 4.7% in the third quarter. Avidian Wealth Enterprises LLC now owns 5,473 shares of the insurance provider's stock valued at $1,038,000 after buying an additional 247 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Allstate from $220.00 to $228.00 and gave the stock an "overweight" rating in a research report on Thursday. Raymond James lifted their price objective on shares of Allstate from $205.00 to $220.00 and gave the company a "strong-buy" rating in a research report on Friday, October 4th. Jefferies Financial Group raised their target price on shares of Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a report on Friday. The Goldman Sachs Group increased their target price on shares of Allstate from $199.00 to $204.00 and gave the stock a "buy" rating in a research report on Thursday, August 15th. Finally, TD Cowen upped their target price on Allstate from $193.00 to $224.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Allstate presently has a consensus rating of "Moderate Buy" and an average target price of $212.56.

Allstate Price Performance

Shares of NYSE:ALL traded up $6.35 during trading on Friday, reaching $196.90. The stock had a trading volume of 2,018,725 shares, compared to its average volume of 1,555,754. The stock has a market cap of $52.14 billion, a PE ratio of 12.75, a PEG ratio of 1.76 and a beta of 0.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The Allstate Co. has a 1-year low of $128.33 and a 1-year high of $198.79. The business has a fifty day moving average price of $189.09 and a 200-day moving average price of $175.85.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter last year, the company earned $0.81 EPS. Allstate's revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities analysts forecast that The Allstate Co. will post 15.34 earnings per share for the current fiscal year.

Insider Transactions at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the sale, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider John E. Dugenske sold 36,367 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the sale, the chief executive officer now directly owns 88,552 shares of the company's stock, valued at approximately $15,880,915.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 192,530 shares of company stock valued at $34,967,665 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

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.