The Allstate Corporation (NYSE:ALL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in The Allstate Corporation (NYSE:ALL - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 0.12% of Allstate worth $67,500,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new stake in Allstate during the fourth quarter worth $25,000. Twin Tree Management LP acquired a new stake in Allstate during the fourth quarter worth $27,000. Hopwood Financial Services Inc. acquired a new stake in Allstate during the fourth quarter worth $29,000. Kapitalo Investimentos Ltda acquired a new stake in Allstate during the fourth quarter worth $29,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Allstate in the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 76.47% of the company's stock.

Analyst Ratings Changes

ALL has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Morgan Stanley upped their target price on shares of Allstate from $225.00 to $235.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $250.00 target price (up previously from $240.00) on shares of Allstate in a research report on Monday, May 5th. JPMorgan Chase & Co. upped their target price on shares of Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Finally, Wall Street Zen raised shares of Allstate from a "hold" rating to a "buy" rating in a research report 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, Allstate presently has a consensus rating of "Moderate Buy" and an average price target of $226.27.

Allstate Stock Down 1.8%

NYSE ALL traded down $3.54 on Monday, hitting $194.46. 1,597,819 shares of the stock were exchanged, compared to its average volume of 1,636,394. 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 Allstate Corporation has a fifty-two week low of $158.04 and a fifty-two week high of $213.18. The company has a market cap of $51.50 billion, a PE ratio of 13.28, a PEG ratio of 1.03 and a beta of 0.33. The company has a 50-day moving average price of $201.37 and a 200-day moving average price of $196.70.

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 the consensus estimate of $3.98 by ($0.45). The firm had revenue of $14.30 billion for the quarter, compared to analyst estimates of $16.41 billion. Allstate had a return on equity of 24.62% and a net margin of 6.19%. The company's revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $5.13 EPS. Sell-side analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

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