Edmond DE Rothschild Holding S.A. Has $13.14 Million Stock Holdings in The Allstate Corporation $ALL

Edmond DE Rothschild Holding S.A. reduced its stake in shares of The Allstate Corporation (NYSE:ALL) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 65,278 shares of the insurance provider’s stock after selling 3,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Allstate were worth $13,141,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Arlington Trust Co LLC raised its holdings in shares of Allstate by 261.8% during the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 89 shares during the period. Clearstead Trust LLC raised its stake in shares of Allstate by 3,800.0% in the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 152 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Allstate by 315.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 126 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Allstate during the second quarter worth about $34,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Allstate by 113.8% during the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock worth $39,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Down 0.8%

Allstate stock opened at $212.67 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The company’s 50-day moving average is $203.70 and its 200-day moving average is $202.12. The firm has a market capitalization of $55.65 billion, a PE ratio of 10.00, a P/E/G ratio of 0.69 and a beta of 0.35. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $215.89.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, topping analysts’ consensus estimates of $5.48 by $5.69. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.Allstate’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $3.91 earnings per share. Sell-side analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, December 1st. Allstate’s dividend payout ratio is 12.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wall Street Zen cut Allstate from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. BMO Capital Markets lifted their price objective on shares of Allstate from $235.00 to $244.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Roth Capital set a $230.00 target price on shares of Allstate and gave the stock a “buy” rating in a report on Friday, September 26th. Wolfe Research raised shares of Allstate to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $246.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Allstate presently has an average rating of “Moderate Buy” and a consensus price target of $237.64.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 21,871 shares of Allstate stock in a transaction on Friday, November 21st. The shares were sold at an average price of $215.21, for a total transaction of $4,706,857.91. Following the completion of the transaction, the insider directly owned 100,646 shares of the company’s stock, valued at $21,660,025.66. The trade was a 17.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 23,671 shares of company stock worth $5,093,974. Company insiders own 1.70% of the company’s stock.

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.