The Allstate Co. (NYSE:ALL) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its holdings in shares of The Allstate Co. (NYSE:ALL - Free Report) by 33.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,205 shares of the insurance provider's stock after selling 40,670 shares during the period. Vontobel Holding Ltd.'s holdings in Allstate were worth $11,507,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ALL. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Allstate by 4.6% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 680,626 shares of the insurance provider's stock valued at $95,274,000 after buying an additional 29,970 shares during the period. Lecap Asset Management Ltd. purchased a new stake in shares of Allstate in the 4th quarter valued at approximately $2,703,000. Louisiana State Employees Retirement System purchased a new stake in shares of Allstate in the 4th quarter valued at approximately $2,212,000. Crestwood Advisors Group LLC grew its stake in shares of Allstate by 10.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,235 shares of the insurance provider's stock valued at $313,000 after buying an additional 213 shares during the period. Finally, Simplicity Solutions LLC grew its stake in shares of Allstate by 19.9% in the 4th quarter. Simplicity Solutions LLC now owns 4,990 shares of the insurance provider's stock valued at $699,000 after buying an additional 827 shares during the period. Hedge funds and other institutional investors own 76.47% of the company's stock.

Wall Street Analyst Weigh In

ALL has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Allstate from $181.00 to $189.00 and gave the company an "outperform" rating in a research note on Wednesday, April 10th. Jefferies Financial Group upgraded shares of Allstate from a "hold" rating to a "buy" rating and upped their price objective for the stock from $130.00 to $180.00 in a report on Tuesday, January 9th. HSBC upgraded shares of Allstate from a "hold" rating to a "buy" rating and upped their price objective for the stock from $158.00 to $190.00 in a report on Thursday, March 28th. Evercore ISI upped their price objective on shares of Allstate from $166.00 to $173.00 and gave the stock an "in-line" rating in a report on Thursday, April 11th. Finally, Raymond James upped their price objective on shares of Allstate from $155.00 to $180.00 and gave the stock a "strong-buy" rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Allstate presently has an average rating of "Moderate Buy" and a consensus price target of $173.71.

Insider Transactions at Allstate

In other news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the sale, the insider now owns 63,731 shares in the company, valued at $10,847,016.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO John C. Pintozzi sold 4,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John E. Dugenske sold 31,000 shares of the business's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of the transaction, the insider now owns 63,731 shares in the company, valued at approximately $10,847,016.20. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Allstate Stock Down 0.8 %

NYSE:ALL traded down $1.29 during midday trading on Wednesday, hitting $162.92. 1,580,704 shares of the company were exchanged, compared to its average volume of 1,680,624. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. The Allstate Co. has a fifty-two week low of $100.57 and a fifty-two week high of $174.57. The company has a market capitalization of $42.86 billion, a PE ratio of -131.39, a price-to-earnings-growth ratio of 0.41 and a beta of 0.52. The company has a fifty day simple moving average of $163.44 and a 200 day simple moving average of $146.44.

Allstate (NYSE:ALL - Get Free Report) last posted its earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, topping analysts' consensus estimates of $3.87 by $1.95. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The business had revenue of $14.83 billion for the quarter, compared to analysts' expectations of $12.69 billion. During the same quarter in the previous year, the firm earned ($1.36) earnings per share. The business's revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts anticipate that The Allstate Co. will post 13.41 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a dividend of $0.92 per share. The ex-dividend date was Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.26%. This is a boost from Allstate's previous quarterly dividend of $0.89. Allstate's payout ratio is -296.77%.

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.