Vontobel Holding Ltd. Purchases 623 Shares of The Allstate Corporation (NYSE:ALL)

Vontobel Holding Ltd. grew its stake in The Allstate Corporation (NYSE:ALL) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,754 shares of the insurance provider’s stock after acquiring an additional 623 shares during the period. Vontobel Holding Ltd.’s holdings in Allstate were worth $9,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Allstate by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 32,635,424 shares of the insurance provider’s stock worth $6,291,783,000 after acquiring an additional 389,426 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Allstate by 2.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,334,926 shares of the insurance provider’s stock worth $1,799,681,000 after acquiring an additional 218,771 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Allstate by 157.9% in the fourth quarter. Bank of America Corp DE now owns 6,591,138 shares of the insurance provider’s stock worth $1,270,705,000 after acquiring an additional 4,035,629 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Allstate by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 6,419,728 shares of the insurance provider’s stock worth $1,236,060,000 after acquiring an additional 191,147 shares during the last quarter. Finally, GQG Partners LLC raised its stake in shares of Allstate by 64.1% in the fourth quarter. GQG Partners LLC now owns 4,316,516 shares of the insurance provider’s stock worth $832,181,000 after acquiring an additional 1,685,694 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on ALL shares. JPMorgan Chase & Co. boosted their target price on shares of Allstate from $217.00 to $222.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Barclays lowered their price target on shares of Allstate from $183.00 to $172.00 and set an “underweight” rating for the company in a research report on Friday, April 11th. Raymond James Financial reiterated a “strong-buy” rating and set a $250.00 price target (up previously from $240.00) on shares of Allstate in a research report on Monday, May 5th. Evercore ISI lifted their price target on shares of Allstate from $227.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Allstate in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $225.20.

Allstate Stock Down 2.7%

Shares of NYSE:ALL opened at $194.64 on Thursday. The Allstate Corporation has a 52 week low of $157.50 and a 52 week high of $213.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $51.54 billion, a PE ratio of 13.30, a PEG ratio of 1.04 and a beta of 0.33. The company has a 50 day moving average price of $201.26 and a two-hundred day moving average price of $196.57.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.45). The firm had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $16.41 billion. Allstate had a net margin of 6.19% and a return on equity of 24.62%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $5.13 EPS. Analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 9th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Monday, June 9th. Allstate’s dividend payout ratio (DPR) is presently 27.32%.

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.