The Allstate Co. (NYSE:ALL) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH cut its position in The Allstate Co. (NYSE:ALL - Free Report) by 40.0% during the 4th 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Allstate by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 32,635,424 shares of the insurance provider's stock valued at $6,291,783,000 after purchasing an additional 389,426 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Allstate by 2.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,334,926 shares of the insurance provider's stock worth $1,799,681,000 after purchasing an additional 218,771 shares during the period. Bank of America Corp DE lifted its position in Allstate by 157.9% during the 4th quarter. Bank of America Corp DE now owns 6,591,138 shares of the insurance provider's stock valued at $1,270,705,000 after acquiring an additional 4,035,629 shares during the period. Geode Capital Management LLC lifted its position in Allstate by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 6,419,728 shares of the insurance provider's stock valued at $1,236,060,000 after acquiring an additional 191,147 shares during the period. Finally, GQG Partners LLC increased its stake in Allstate by 64.1% during the 4th quarter. GQG Partners LLC now owns 4,316,516 shares of the insurance provider's stock valued at $832,181,000 after purchasing an additional 1,685,694 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Performance

Shares of ALL stock traded down $1.86 during trading hours on Tuesday, hitting $208.09. The stock had a trading volume of 1,058,543 shares, compared to its average volume of 1,616,070. 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 stock's 50 day moving average is $199.83 and its 200 day moving average is $196.02. The Allstate Co. has a twelve month low of $156.66 and a twelve month high of $212.91. The firm has a market capitalization of $55.11 billion, a PE ratio of 12.25, a PEG ratio of 1.01 and a beta of 0.32.

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

Allstate declared that its board has approved a stock repurchase program on Wednesday, February 26th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the insurance provider to purchase up to 3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Allstate's previous quarterly dividend of $0.92. This represents a $4.00 annualized dividend and a yield of 1.92%. Allstate's payout ratio is 27.32%.

Analyst Ratings Changes

A number of brokerages have recently commented on ALL. StockNews.com upgraded shares of Allstate from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. 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. Wells Fargo & Company cut their price objective 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. Barclays cut their price target 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. Finally, Keefe, Bruyette & Woods upped their price target on shares of Allstate from $228.00 to $235.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $225.20.

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.