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

Vontobel Holding Ltd. lessened its holdings in shares of The Allstate Co. (NYSE:ALL) by 33.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALL. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Allstate in the 3rd quarter worth $25,000. First Capital Advisors Group LLC. bought a new stake in shares of Allstate in the 2nd quarter worth $29,000. Cowa LLC bought a new stake in shares of Allstate in the 1st quarter worth $30,000. RVW Wealth LLC bought a new stake in shares of Allstate in the 3rd quarter worth $33,000. Finally, Chilton Capital Management LLC bought a new stake in shares of Allstate in the 1st quarter worth $33,000. Institutional investors own 76.47% of the company’s stock.

Allstate Trading Down 1.0 %

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

Allstate (NYSE:ALL) last announced its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $1.95. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The firm had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $12.69 billion. During the same period in the prior year, the firm posted ($1.36) earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities analysts expect that The Allstate Co. will post 13.41 earnings per share for the current fiscal year.

Allstate Increases Dividend

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

Wall Street Analyst Weigh In

ALL has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on shares of Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday. Roth Mkm boosted their price target on shares of Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Jefferies Financial Group raised shares of Allstate from a “hold” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $180.00 in a report on Tuesday, January 9th. TheStreet raised shares of Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Finally, HSBC raised shares of Allstate from a “hold” rating to a “buy” rating and boosted their price target for the stock from $158.00 to $190.00 in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $173.71.

Insider Transactions at Allstate

In other news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction dated 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 directly owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 stock was sold at an average price of $159.47, for a total transaction 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 disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

About Allstate

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.