Zurcher Kantonalbank Zurich Cantonalbank Reduces Stock Holdings in The Allstate Co. (NYSE:ALL)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of The Allstate Co. (NYSE:ALL) by 1.0% in the fourth quarter, HoldingsChannel reports. The firm owned 91,688 shares of the insurance provider’s stock after selling 948 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Allstate were worth $12,834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALL. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Allstate during the 3rd quarter worth about $25,000. First Capital Advisors Group LLC. acquired a new stake in Allstate in the 2nd quarter worth about $29,000. Cowa LLC acquired a new stake in Allstate in the 1st quarter worth about $30,000. RVW Wealth LLC acquired a new stake in Allstate in the 3rd quarter worth about $33,000. Finally, Chilton Capital Management LLC acquired a new stake in Allstate in the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insiders Place Their Bets

In other Allstate news, insider John E. Dugenske sold 31,000 shares of Allstate 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 approximately $10,847,016.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Allstate news, insider John E. Dugenske sold 31,000 shares of Allstate 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 approximately $10,847,016.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction that occurred on Tuesday, February 27th. The stock was 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. 1.80% of the stock is owned by company insiders.

Allstate Stock Performance

Allstate stock opened at $172.96 on Friday. The stock’s 50 day moving average price is $163.84 and its 200 day moving average price is $147.03. The firm has a market capitalization of $45.50 billion, a PE ratio of -139.48, a price-to-earnings-growth ratio of 0.40 and a beta of 0.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 0.37. The Allstate Co. has a one year low of $100.57 and a one year high of $174.57.

Allstate (NYSE:ALL) last released its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, topping the consensus estimate of $3.87 by $1.95. The firm had revenue of $14.83 billion for the quarter, compared to analyst estimates of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. Allstate’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted ($1.36) EPS. As a group, sell-side analysts expect that The Allstate Co. will post 13.5 EPS for the current fiscal year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a dividend of $0.92 per share. The ex-dividend date was Friday, March 1st. This is an increase from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a yield of 2.13%. Allstate’s payout ratio is currently -296.77%.

Analyst Ratings Changes

ALL has been the topic of a number of research analyst reports. TheStreet raised Allstate from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. Roth Mkm raised their price target on Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. The Goldman Sachs Group raised their price target on Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. JPMorgan Chase & Co. raised their price target on Allstate from $172.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, BMO Capital Markets raised their price target on Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $173.71.

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.