The Allstate Corporation $ALL Position Lessened by Keybank National Association OH

Keybank National Association OH decreased its position in shares of The Allstate Corporation (NYSE:ALL) by 8.4% in the first quarter, Holdings Channel.com reports. The firm owned 130,240 shares of the insurance provider’s stock after selling 12,007 shares during the period. Keybank National Association OH’s holdings in Allstate were worth $27,004,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. MV Capital Management Inc. purchased a new stake in shares of Allstate during the 4th quarter worth about $25,000. Dorato Capital Management bought a new stake in shares of Allstate in the 4th quarter valued at approximately $27,000. Navalign LLC bought a new stake in shares of Allstate in the 4th quarter valued at approximately $27,000. Princeton Global Asset Management LLC increased its holdings in Allstate by 101.3% in the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock worth $31,000 after buying an additional 76 shares during the last quarter. Finally, Palisade Asset Management LLC acquired a new position in Allstate in the third quarter worth approximately $31,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insider Activity

In related news, Director Andrea Redmond sold 2,225 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $202.91, for a total transaction of $451,474.75. Following the completion of the sale, the director owned 2,225 shares in the company, valued at $451,474.75. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the completion of the transaction, the chief operating officer directly owned 82,227 shares in the company, valued at approximately $17,991,267.60. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 22,353 shares of company stock valued at $4,851,560. 1.55% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on ALL shares. Citigroup lifted their target price on shares of Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Zacks Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded shares of Allstate from a “hold” rating to a “buy” rating in a report on Saturday. Keefe, Bruyette & Woods lowered shares of Allstate from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $266.00 to $242.00 in a research note on Monday, June 8th. Finally, Mizuho decreased their price objective on shares of Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and a consensus target price of $240.33.

Allstate Trading Down 0.2%

NYSE:ALL opened at $249.84 on Friday. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $250.38. The firm has a market cap of $64.31 billion, a price-to-earnings ratio of 5.51, a P/E/G ratio of 0.44 and a beta of 0.16. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $220.59 and its 200-day moving average is $211.53.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The business had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $15.24 billion. During the same period in the prior year, the firm earned $3.53 EPS. Allstate’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts anticipate that The Allstate Corporation will post 29.75 EPS for the current year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 1st. Allstate’s dividend payout ratio (DPR) is currently 9.53%.

Allstate Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.