Principal Financial Group Inc. Sells 1,345 Shares of The Allstate Corporation (NYSE:ALL)

Principal Financial Group Inc. trimmed its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 325,975 shares of the insurance provider's stock after selling 1,345 shares during the period. Principal Financial Group Inc. owned approximately 0.12% of Allstate worth $67,500,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ALL. Brighton Jones LLC increased its holdings in shares of Allstate by 60.2% during the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock valued at $1,253,000 after purchasing an additional 2,443 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Allstate during the fourth quarter valued at $231,000. Stenger Family Office LLC acquired a new position in shares of Allstate during the fourth quarter valued at $439,000. Assetmark Inc. grew its holdings in Allstate by 3.2% during the fourth quarter. Assetmark Inc. now owns 46,710 shares of the insurance provider's stock worth $9,005,000 after acquiring an additional 1,461 shares during the period. Finally, Atria Investments Inc grew its holdings in Allstate by 4.3% during the fourth quarter. Atria Investments Inc now owns 18,357 shares of the insurance provider's stock worth $3,539,000 after acquiring an additional 762 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Performance

Shares of ALL traded down $0.49 during midday trading on Tuesday, reaching $194.05. 756,185 shares of the stock were exchanged, compared to its average volume of 1,633,106. The Allstate Corporation has a twelve month low of $158.04 and a twelve month high of $213.18. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.40. The company has a market cap of $51.39 billion, a P/E ratio of 13.25, a PEG ratio of 1.03 and a beta of 0.33. The stock's 50 day simple moving average is $201.35 and its 200 day simple moving average is $196.71.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 EPS 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 firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $5.13 EPS. On average, sell-side analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 9th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Monday, June 9th. Allstate's dividend payout ratio is presently 27.32%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Allstate from $228.00 to $235.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Allstate in a report on Friday, May 16th. Wall Street Zen raised Allstate from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Evercore ISI lifted their target price on Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Morgan Stanley lifted their target price on Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Allstate presently has an average rating of "Moderate Buy" and an average price target of $226.27.

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.