Edmond DE Rothschild Holding S.A. Lowers Stake in The Allstate Corporation $ALL

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in The Allstate Corporation by 2.8%, owning 68,278 shares valued at approximately $14.14 million.
• Several analysts have upgraded Allstate’s stock ratings, with prices targets ranging from $231.21 to $255 per share and a consensus rating of "Moderate Buy".
• Allstate recently declared a quarterly dividend of $1.00 per share, representing an annual yield of 2.0% and a payout ratio of 18.81%.

Edmond DE Rothschild Holding S.A. cut its position in The Allstate Corporation (NYSE:ALL - Free Report) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,278 shares of the insurance provider's stock after selling 2,000 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Allstate were worth $14,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ALL. Brighton Jones LLC boosted its holdings in shares of Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock valued at $1,253,000 after buying an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Allstate in the 4th quarter valued at $231,000. AXA S.A. boosted its holdings in shares of Allstate by 85.4% in the 4th quarter. AXA S.A. now owns 33,470 shares of the insurance provider's stock valued at $6,453,000 after buying an additional 15,415 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Allstate by 48.5% in the 4th quarter. Aptus Capital Advisors LLC now owns 5,197 shares of the insurance provider's stock valued at $1,004,000 after buying an additional 1,697 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Allstate in the 4th quarter valued at $240,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Allstate Stock Performance

Shares of ALL stock traded down $1.12 during mid-day trading on Monday, hitting $200.41. The stock had a trading volume of 1,524,618 shares, compared to its average volume of 1,700,479. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $214.76. The firm has a market cap of $52.81 billion, a PE ratio of 9.42, a PEG ratio of 0.81 and a beta of 0.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The company's 50-day simple moving average is $200.72 and its 200-day simple moving average is $200.11.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, topping the consensus estimate of $3.20 by $2.74. The company had revenue of $15.05 billion during the quarter, compared to analysts' expectations of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business's revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $1.61 EPS. Sell-side analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 29th. Allstate's dividend payout ratio (DPR) is currently 18.81%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ALL. Citigroup upgraded shares of Allstate to a "hold" rating in a research note on Wednesday, August 13th. Jefferies Financial Group increased their price target on shares of Allstate from $254.00 to $255.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Wells Fargo & Company set a $202.00 price target on shares of Allstate and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Keefe, Bruyette & Woods increased their price target on shares of Allstate from $237.00 to $246.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Finally, Barclays reiterated an "underweight" rating and set a $198.00 price target (up previously from $188.00) on shares of Allstate in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Allstate currently has a consensus rating of "Moderate Buy" and an average price target of $231.21.

Allstate Company 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.