Edmond DE Rothschild Holding S.A. Sells 25,000 Shares of The Allstate Co. (NYSE:ALL)

Edmond DE Rothschild Holding S.A. reduced its position in shares of The Allstate Co. (NYSE:ALL) by 26.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,278 shares of the insurance provider’s stock after selling 25,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Allstate were worth $13,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC bought a new stake in shares of Allstate in the fourth quarter valued at about $25,000. FSA Wealth Management LLC acquired a new stake in Allstate in the 3rd quarter worth about $26,000. Twin Tree Management LP bought a new stake in Allstate in the 4th quarter valued at about $27,000. Vision Financial Markets LLC acquired a new position in shares of Allstate during the 4th quarter worth approximately $29,000. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Allstate in the fourth quarter valued at approximately $29,000. 76.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the completion of the sale, the chief financial officer now owns 18,115 shares of the company’s stock, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays reduced their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research report on Monday, January 6th. Argus raised Allstate from a “hold” rating to a “buy” rating in a report on Monday, March 3rd. Wells Fargo & Company boosted their price target on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $219.80.

Allstate Trading Down 1.4 %

NYSE ALL opened at $206.46 on Monday. The company has a market cap of $54.72 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 1.01 and a beta of 0.47. The Allstate Co. has a twelve month low of $156.66 and a twelve month high of $212.91. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. The business’s fifty day moving average is $195.81 and its 200 day moving average is $193.91.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%. As a group, sell-side analysts expect that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate announced that its board has authorized a stock buyback program on Wednesday, February 26th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the insurance provider to repurchase up to 3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a dividend of $1.00 per share. This is a positive change from Allstate’s previous quarterly dividend of $0.92. This represents a $4.00 annualized dividend and a yield of 1.94%. The ex-dividend date is Monday, March 10th. Allstate’s dividend payout ratio (DPR) is currently 23.54%.

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.