DekaBank Deutsche Girozentrale Sells 1,331 Shares of The Allstate Co. (NYSE:ALL)

DekaBank Deutsche Girozentrale reduced its position in The Allstate Co. (NYSE:ALLGet Rating) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 365,784 shares of the insurance provider’s stock after selling 1,331 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.13% of Allstate worth $43,155,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALL. OLD Mission Capital LLC bought a new position in shares of Allstate during the 3rd quarter worth approximately $5,666,000. Morgan Stanley boosted its stake in Allstate by 6.5% during the second quarter. Morgan Stanley now owns 1,541,315 shares of the insurance provider’s stock worth $201,049,000 after acquiring an additional 94,293 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Allstate by 21.5% in the third quarter. Kestra Advisory Services LLC now owns 21,313 shares of the insurance provider’s stock valued at $2,713,000 after purchasing an additional 3,772 shares in the last quarter. Cubic Asset Management LLC raised its holdings in shares of Allstate by 31.1% during the third quarter. Cubic Asset Management LLC now owns 94,705 shares of the insurance provider’s stock valued at $7,020,000 after purchasing an additional 22,464 shares during the period. Finally, Balasa Dinverno & Foltz LLC boosted its position in shares of Allstate by 10.2% during the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 16,903 shares of the insurance provider’s stock worth $2,152,000 after purchasing an additional 1,568 shares in the last quarter. Institutional investors own 74.65% of the company’s stock.

Shares of ALL stock traded up $2.20 during trading on Monday, hitting $144.13. The company’s stock had a trading volume of 32,756 shares, compared to its average volume of 2,406,194. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.34. The company has a market cap of $40.12 billion, a PE ratio of 28.12, a P/E/G ratio of 2.56 and a beta of 0.81. The business has a fifty day moving average of $128.80 and a 200-day moving average of $122.86. The Allstate Co. has a 52 week low of $106.11 and a 52 week high of $142.47.

Allstate (NYSE:ALLGet Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The insurance provider reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.01. The firm had revenue of $10.85 billion during the quarter, compared to the consensus estimate of $10.98 billion. Allstate had a return on equity of 16.60% and a net margin of 3.16%. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.87 EPS. As a group, research analysts predict that The Allstate Co. will post 10.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Monday, February 28th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Friday, February 25th. This is an increase from Allstate’s previous quarterly dividend of $0.81. Allstate’s dividend payout ratio (DPR) is 66.67%.

In other Allstate news, CFO Mario Rizzo sold 25,648 shares of the stock in a transaction dated Friday, February 4th. The shares were sold at an average price of $122.57, for a total transaction of $3,143,675.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Judith A. Sprieser sold 1,652 shares of Allstate stock in a transaction dated Friday, February 4th. The stock was sold at an average price of $121.25, for a total transaction of $200,305.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,300 shares of company stock worth $3,715,590. Insiders own 1.56% of the company’s stock.

Several brokerages have issued reports on ALL. Raymond James upgraded Allstate from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $145.00 to $165.00 in a report on Friday, March 18th. Zacks Investment Research raised shares of Allstate from a “sell” rating to a “hold” rating and set a $104.00 price target for the company in a research report on Thursday, March 10th. Morgan Stanley upped their price objective on shares of Allstate from $130.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, February 4th. Barclays reduced their price objective on shares of Allstate from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Thursday, January 6th. Finally, The Goldman Sachs Group upgraded shares of Allstate from a “sell” rating to a “buy” rating and upped their target price for the stock from $111.00 to $142.00 in a report on Wednesday, March 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $136.00.

Allstate Company Profile (Get Rating)

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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