Unigestion Holding SA Invests $1.57 Million in The Allstate Co. (NYSE:ALL)

Unigestion Holding SA purchased a new position in shares of The Allstate Co. (NYSE:ALL - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 7,599 shares of the insurance provider's stock, valued at approximately $1,574,000.

A number of other institutional investors also recently modified their holdings of ALL. VSM Wealth Advisory LLC acquired a new position in shares of Allstate during the fourth quarter valued at about $25,000. Twin Tree Management LP bought a new stake in Allstate during the 4th quarter worth approximately $27,000. Vision Financial Markets LLC purchased a new stake in shares of Allstate in the fourth quarter worth approximately $29,000. Hopwood Financial Services Inc. bought a new position in shares of Allstate in the fourth quarter valued at approximately $29,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Allstate during the fourth quarter valued at approximately $29,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Trading Down 0.2%

Shares of NYSE:ALL traded down $0.39 during trading on Thursday, reaching $206.41. 999,964 shares of the company traded hands, compared to its average volume of 1,604,895. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The business's fifty day moving average is $199.59 and its 200-day moving average is $197.04. The firm has a market capitalization of $54.66 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 1.01 and a beta of 0.32. 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 released 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). Allstate had a net margin of 7.28% and a return on equity of 28.20%. The business had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $16.41 billion. During the same period in the previous year, the company earned $5.13 EPS. The company's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, analysts forecast that The Allstate Co. will post 18.74 EPS for the current year.

Allstate declared that its board has initiated a stock buyback plan on Wednesday, February 26th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the insurance provider to purchase up to 3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board believes its shares are undervalued.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 9th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, June 9th. This represents a $4.00 annualized dividend and a yield of 1.94%. Allstate's payout ratio is 27.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays lowered their price target on Allstate from $183.00 to $172.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company decreased their target price on Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Raymond James reissued a "strong-buy" rating and set a $250.00 target price (up from $240.00) on shares of Allstate in a research report on Monday, May 5th. Argus upgraded Allstate from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, Wall Street Zen upgraded Allstate from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $225.20.

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.