Mn Services Vermogensbeheer B.V. Sells 7,300 Shares of The Allstate Co. (NYSE:ALL)

Mn Services Vermogensbeheer B.V. lowered its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 7.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,573 shares of the insurance provider's stock after selling 7,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Allstate were worth $19,790,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ALL. VSM Wealth Advisory LLC bought a new position in shares of Allstate during the 4th quarter valued at about $25,000. Twin Tree Management LP bought a new position in Allstate during the fourth quarter valued at approximately $27,000. Vision Financial Markets LLC purchased a new position in Allstate during the 4th quarter valued at approximately $29,000. Hopwood Financial Services Inc. bought a new stake in Allstate in the 4th quarter worth approximately $29,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Allstate during the 4th quarter worth approximately $29,000. 76.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ALL. Evercore ISI upped their price target 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. Barclays lowered their price target on shares of Allstate from $183.00 to $172.00 and set an "underweight" rating for the company in a report on Friday, April 11th. Morgan Stanley upped their price objective on Allstate from $225.00 to $235.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Argus raised Allstate from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, William Blair started coverage on Allstate in a research report on Friday, June 6th. They set a "sector outperform" rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $225.20.

Allstate Trading Up 0.2%

Shares of NYSE ALL traded up $0.49 during trading hours on Monday, reaching $199.41. The stock had a trading volume of 1,199,761 shares, compared to its average volume of 1,613,580. The Allstate Co. has a 52-week low of $156.66 and a 52-week high of $213.18. The firm has a market cap of $52.81 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 1.01 and a beta of 0.35. The business's fifty day moving average price is $200.21 and its two-hundred day moving average price is $196.86. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42.

Allstate (NYSE:ALL - Get Free Report) last issued its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.45). Allstate had a return on equity of 28.20% and a net margin of 7.28%. The firm had revenue of $14.30 billion during the quarter, compared to analysts' expectations of $16.41 billion. During the same quarter in the prior year, the company posted $5.13 earnings per share. Allstate's quarterly revenue was up 7.8% compared to the same quarter last year. Analysts expect that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate announced that its board has approved a stock repurchase plan on Wednesday, February 26th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the insurance provider to buy up to 3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 9th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Monday, June 9th. Allstate's payout ratio is 27.32%.

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.