Vontobel Holding Ltd. Sells 40,670 Shares of The Allstate Co. (NYSE:ALL)

Vontobel Holding Ltd. reduced its position in shares of The Allstate Co. (NYSE:ALL) by 33.1% in the fourth quarter, HoldingsChannel reports. The firm owned 82,205 shares of the insurance provider’s stock after selling 40,670 shares during the quarter. Vontobel Holding Ltd.’s holdings in Allstate were worth $11,507,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Ellsworth Advisors LLC bought a new stake in shares of Allstate during the 4th quarter valued at about $4,312,000. SteelPeak Wealth LLC grew its stake 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 period. Assenagon Asset Management S.A. grew its stake in shares of Allstate by 484.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 332,104 shares of the insurance provider’s stock valued at $46,488,000 after purchasing an additional 275,319 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Allstate by 214.6% during the 4th quarter. Meeder Asset Management Inc. now owns 1,570 shares of the insurance provider’s stock valued at $220,000 after buying an additional 1,071 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of Allstate by 88.7% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 24,496 shares of the insurance provider’s stock valued at $3,429,000 after buying an additional 11,512 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO John C. Pintozzi sold 4,000 shares of Allstate 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 completion of the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at $1,712,069.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Allstate news, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 63,731 shares in the company, valued at $10,847,016.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the sale, the chief accounting officer now owns 10,736 shares in the company, valued at $1,712,069.92. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Allstate Stock Down 1.0 %

NYSE ALL opened at $164.13 on Wednesday. The stock has a market cap of $43.18 billion, a PE ratio of -132.36, a P/E/G ratio of 0.41 and a beta of 0.52. The Allstate Co. has a 12 month low of $100.57 and a 12 month high of $174.57. The stock’s 50 day moving average is $163.35 and its 200 day moving average is $146.33. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51.

Allstate (NYSE:ALL) last posted its earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $1.95. The firm had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. Allstate’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted ($1.36) earnings per share. Research analysts predict that The Allstate Co. will post 13.41 EPS for the current fiscal year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a $0.92 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.24%. Allstate’s payout ratio is -296.77%.

Analyst Ratings Changes

ALL has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Allstate from $172.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Piper Sandler lifted their price objective on Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. TheStreet raised Allstate from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Morgan Stanley lifted their price objective on Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday. Finally, HSBC raised Allstate from a “hold” rating to a “buy” rating and lifted their price objective for the company from $158.00 to $190.00 in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.71.

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.