Groupama Asset Managment Has $1.67 Million Stake in The Allstate Corporation $ALL

Key Points

• Groupama Asset Managment reduced its stake in The Allstate Corporation by 39.2%, selling 5,223 shares, leaving it with 8,096 shares valued at approximately $1.67 million.
• The Allstate Corporation experienced a 1.5% increase in share price, trading at $213.49, with annual revenue growth of 5.8% compared to the previous year.
• The company announced a quarterly $1.00 dividend, representing a 1.9% yield, with a payout ratio of 18.81%.

Groupama Asset Managment trimmed its position in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 39.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,096 shares of the insurance provider's stock after selling 5,223 shares during the period. Groupama Asset Managment's holdings in Allstate were worth $1,671,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ALL. Bank of America Corp DE boosted its holdings in Allstate by 157.9% during the fourth quarter. Bank of America Corp DE now owns 6,591,138 shares of the insurance provider's stock valued at $1,270,705,000 after acquiring an additional 4,035,629 shares during the period. Boston Partners boosted its holdings in Allstate by 613.9% during the first quarter. Boston Partners now owns 2,482,654 shares of the insurance provider's stock valued at $512,627,000 after acquiring an additional 2,134,893 shares during the period. GAMMA Investing LLC boosted its holdings in Allstate by 25,026.1% during the first quarter. GAMMA Investing LLC now owns 1,273,895 shares of the insurance provider's stock valued at $263,785,000 after acquiring an additional 1,268,825 shares during the period. Castle Hook Partners LP lifted its stake in shares of Allstate by 1,303.3% in the fourth quarter. Castle Hook Partners LP now owns 824,838 shares of the insurance provider's stock valued at $159,021,000 after buying an additional 766,058 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Allstate by 261.6% in the fourth quarter. Mackenzie Financial Corp now owns 832,902 shares of the insurance provider's stock valued at $160,575,000 after buying an additional 602,533 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ALL has been the subject of several research reports. Evercore ISI increased their target price on shares of Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. UBS Group increased their target price on shares of Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Raymond James Financial reiterated a "strong-buy" rating and issued a $260.00 target price (up previously from $250.00) on shares of Allstate in a research note on Monday, August 4th. Wells Fargo & Company set a $202.00 target price on shares of Allstate and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Allstate from $237.00 to $246.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $230.73.

Allstate Price Performance

NYSE:ALL traded down $1.3910 during mid-day trading on Friday, hitting $205.1590. The company's stock had a trading volume of 1,278,371 shares, compared to its average volume of 1,547,023. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $214.76. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $54.06 billion, a price-to-earnings ratio of 9.65, a P/E/G ratio of 0.84 and a beta of 0.35. The stock has a fifty day moving average of $199.16 and a 200-day moving average of $199.05.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The firm had revenue of $15.05 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the prior year, the business posted $1.61 earnings per share. The company's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. Allstate's dividend payout ratio (DPR) is presently 18.81%.

About Allstate

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.