Siemens Fonds Invest GmbH Has $376,000 Holdings in The Allstate Co. (NYSE:ALL)

Siemens Fonds Invest GmbH trimmed its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 40.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,948 shares of the insurance provider's stock after selling 1,297 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Allstate were worth $376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new stake in Allstate in the fourth quarter worth approximately $25,000. Twin Tree Management LP acquired a new stake in Allstate in the fourth quarter worth approximately $27,000. Vision Financial Markets LLC acquired a new stake in Allstate in the fourth quarter worth approximately $29,000. Hopwood Financial Services Inc. acquired a new stake in Allstate in the fourth quarter worth approximately $29,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Allstate in the fourth quarter worth approximately $29,000. 76.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on ALL. JPMorgan Chase & Co. upped their target price on Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Argus upgraded Allstate from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. Evercore ISI raised their price objective on Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Barclays cut their target price on Allstate from $183.00 to $172.00 and set an "underweight" rating on the stock in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods upped their target price on Allstate from $228.00 to $235.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $225.20.

Allstate Stock Down 0.6%

Allstate stock traded down $1.23 during mid-day trading on Tuesday, hitting $211.41. The company's stock had a trading volume of 1,263,468 shares, compared to its average volume of 1,608,649. The firm's 50 day moving average is $199.58 and its 200 day moving average is $196.97. The company has a market cap of $55.98 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 1.01 and a beta of 0.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The Allstate Co. has a 52-week low of $156.66 and a 52-week high of $213.18.

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

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 9th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Monday, June 9th. Allstate's dividend payout ratio is currently 27.32%.

Allstate announced that its Board of Directors has initiated a stock repurchase program on Wednesday, February 26th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the insurance provider to purchase up to 3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

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.