DekaBank Deutsche Girozentrale Reduces Stock Position in The Allstate Co. (NYSE:ALL)

DekaBank Deutsche Girozentrale lessened its position in shares of The Allstate Co. (NYSE:ALL) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 178,564 shares of the insurance provider’s stock after selling 11,838 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Allstate were worth $29,897,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pinnacle Associates Ltd. increased its holdings in shares of Allstate by 8.2% in the 4th quarter. Pinnacle Associates Ltd. now owns 2,034 shares of the insurance provider’s stock worth $285,000 after buying an additional 154 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Allstate by 152.7% during the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 168 shares during the last quarter. Trust Point Inc. bought a new position in shares of Allstate during the 4th quarter valued at $806,000. Ballentine Partners LLC grew its holdings in shares of Allstate by 8.6% during the 4th quarter. Ballentine Partners LLC now owns 12,296 shares of the insurance provider’s stock valued at $1,721,000 after purchasing an additional 976 shares during the last quarter. Finally, SteelPeak Wealth LLC grew its holdings in shares of Allstate by 175.2% during the 4th quarter. SteelPeak Wealth LLC now owns 15,682 shares of the insurance provider’s stock valued at $2,209,000 after purchasing an additional 9,984 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

In other Allstate news, insider Suren Gupta sold 45,775 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the completion of the sale, the insider now directly owns 89,930 shares in the company, valued at approximately $15,942,790.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ALL. Wells Fargo & Company increased their target price on shares of Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a report on Friday, May 10th. Evercore ISI increased their price target on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Roth Mkm increased their price target on shares of Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $194.00 price target on shares of Allstate in a research report on Friday, July 5th. Finally, BMO Capital Markets raised shares of Allstate from a “market perform” rating to an “outperform” rating and increased their price target for the company from $190.00 to $191.00 in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and an average target price of $183.24.

Allstate Stock Down 0.3 %

Shares of Allstate stock traded down $0.56 during trading on Friday, hitting $176.82. The company’s stock had a trading volume of 1,699,634 shares, compared to its average volume of 1,456,058. The company has a market capitalization of $46.69 billion, a PE ratio of 39.03, a P/E/G ratio of 1.86 and a beta of 0.48. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Co. has a 52 week low of $104.29 and a 52 week high of $180.87. The company has a fifty day simple moving average of $164.68 and a two-hundred day simple moving average of $164.25.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $1.28. The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. Allstate’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the business earned ($4.42) EPS. Equities research analysts predict that The Allstate Co. will post 13.64 earnings per share for the current year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a yield of 2.08%. Allstate’s dividend payout ratio is currently 81.24%.

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.