The Allstate Co. (NYSE:ALL) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH trimmed its holdings in The Allstate Co. (NYSE:ALL) by 40.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,948 shares of the insurance provider’s stock after selling 1,297 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Allstate were worth $376,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ALL. VSM Wealth Advisory LLC bought a new position in shares of Allstate in the fourth quarter worth $25,000. Twin Tree Management LP acquired a new stake in Allstate in the fourth quarter worth about $27,000. Vision Financial Markets LLC bought a new position in Allstate in the 4th quarter valued at about $29,000. Hopwood Financial Services Inc. acquired a new position in Allstate during the 4th quarter valued at about $29,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Allstate during the 4th quarter worth about $29,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ALL. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $228.00 to $235.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Raymond James reiterated a “strong-buy” rating and set a $250.00 price target (up from $240.00) on shares of Allstate in a research report on Monday, May 5th. JPMorgan Chase & Co. boosted their price objective on Allstate from $217.00 to $222.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. StockNews.com raised Allstate from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Finally, Evercore ISI boosted 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $225.20.

Allstate Price Performance

ALL opened at $209.13 on Friday. The stock has a fifty day moving average price of $199.48 and a 200 day moving average price of $195.69. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The Allstate Co. has a 1 year low of $156.66 and a 1 year high of $212.91. The stock has a market cap of $55.38 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.01 and a beta of 0.32.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.45). The firm had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $16.41 billion. Allstate had a return on equity of 28.20% and a net margin of 7.28%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the business earned $5.13 earnings per share. Analysts forecast that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate announced that its board has approved a stock buyback program on Wednesday, February 26th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the insurance provider to purchase up to 3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Allstate’s previous quarterly dividend of $0.92. Allstate’s dividend payout ratio (DPR) is presently 27.32%.

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.