Allstate Corp (ALL) Shares Bought by Skandinaviska Enskilda Banken AB publ

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Skandinaviska Enskilda Banken AB publ grew its position in shares of Allstate Corp (NYSE:ALL) by 192.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 175,309 shares of the insurance provider’s stock after purchasing an additional 115,300 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Allstate were worth $17,303,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Northern Trust Corp grew its holdings in shares of Allstate by 0.4% in the 2nd quarter. Northern Trust Corp now owns 6,831,977 shares of the insurance provider’s stock worth $623,554,000 after acquiring an additional 24,814 shares during the last quarter. Morgan Stanley grew its holdings in shares of Allstate by 11.3% in the 2nd quarter. Morgan Stanley now owns 972,750 shares of the insurance provider’s stock worth $88,783,000 after acquiring an additional 99,122 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Allstate by 101.9% in the 2nd quarter. Millennium Management LLC now owns 1,589,586 shares of the insurance provider’s stock worth $145,082,000 after acquiring an additional 802,167 shares during the last quarter. Reliance Trust Co. of Delaware grew its holdings in shares of Allstate by 8.6% in the 2nd quarter. Reliance Trust Co. of Delaware now owns 7,277 shares of the insurance provider’s stock worth $664,000 after acquiring an additional 575 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Allstate by 18.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 572,645 shares of the insurance provider’s stock worth $52,283,000 after acquiring an additional 91,117 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

A number of equities analysts recently issued reports on ALL shares. 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 decreased 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 stock a “buy” rating in a report on Friday, October 12th. Wells Fargo & Co restated a “hold” rating on shares of Allstate in a report on Thursday, August 16th. Finally, B. Riley lifted their target price on Allstate from $88.00 to $103.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, eight have issued 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 price target of $103.92.

Shares of Allstate stock opened at $93.72 on Friday. The firm has a market capitalization of $31.87 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 1.20 and a beta of 0.87. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.30. Allstate Corp has a 12 month low of $88.29 and a 12 month high of $105.36.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, October 31st. The insurance provider reported $1.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($0.28). The business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.51 billion. Allstate had a return on equity of 15.48% and a net margin of 9.38%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $1.60 EPS. As a group, analysts predict that Allstate Corp will post 9.24 earnings per share for the current fiscal year.

In other news, EVP Jesse E. Merten sold 696 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $92.12, for a total value of $64,115.52. Following the completion of the sale, the executive vice president now owns 2,102 shares of the company’s stock, valued at $193,636.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Harriet K. Harty sold 10,515 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 14,606 shares of the company’s stock, valued at approximately $1,444,095.22. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

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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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