Kintegral Advisory LLC Sells 1,950 Shares of The Allstate Corporation (NYSE:ALL)

Kintegral Advisory LLC reduced its position in The Allstate Corporation (NYSE:ALL - Free Report) by 32.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,978 shares of the insurance provider's stock after selling 1,950 shares during the quarter. Kintegral Advisory LLC's holdings in Allstate were worth $828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in ALL. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Allstate by 56.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 186,792 shares of the insurance provider's stock worth $36,012,000 after purchasing an additional 67,032 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Allstate by 30.3% during the first quarter. Sequoia Financial Advisors LLC now owns 11,361 shares of the insurance provider's stock valued at $2,352,000 after buying an additional 2,643 shares during the period. Blackstone Inc. purchased a new position in Allstate during the fourth quarter valued at $52,053,000. First Citizens Bank & Trust Co. increased its position in shares of Allstate by 5.5% during the first quarter. First Citizens Bank & Trust Co. now owns 57,499 shares of the insurance provider's stock valued at $11,906,000 after acquiring an additional 2,981 shares in the last quarter. Finally, LexAurum Advisors LLC bought a new stake in shares of Allstate during the first quarter valued at approximately $317,000. Hedge funds and other institutional investors own 76.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ALL shares. Barclays dropped their target price on shares of Allstate from $183.00 to $172.00 and set an "underweight" rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods raised their target price on shares of Allstate from $228.00 to $235.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. BMO Capital Markets restated an "outperform" rating on shares of Allstate in a report on Friday, May 16th. Evercore ISI lifted their price target on shares of Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Wall Street Zen upgraded shares of Allstate from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Allstate currently has a consensus rating of "Moderate Buy" and a consensus price target of $225.20.

Allstate Price Performance

ALL traded up $2.03 on Friday, reaching $196.72. The company had a trading volume of 963,005 shares, compared to its average volume of 1,636,549. The company has a market capitalization of $52.09 billion, a P/E ratio of 13.44, a PEG ratio of 1.03 and a beta of 0.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average of $201.37 and a 200-day moving average of $196.65. The Allstate Corporation has a one year low of $158.04 and a one year high of $213.18.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). The company had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. Allstate had a net margin of 6.19% and a return on equity of 24.62%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $5.13 EPS. As a group, equities research analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 9th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Monday, June 9th. Allstate's dividend payout ratio is presently 27.32%.

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.