The Allstate Corporation $ALL Position Lifted by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its position in The Allstate Corporation (NYSE:ALL) by 1,423.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 696,914 shares of the insurance provider’s stock after purchasing an additional 651,179 shares during the period. Vontobel Holding Ltd. owned approximately 0.28% of Allstate worth $154,617,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. MV Capital Management Inc. acquired a new position in shares of Allstate in the 4th quarter valued at $25,000. Gables Capital Management Inc. acquired a new position in shares of Allstate in the 2nd quarter valued at approximately $26,000. Kelleher Financial Advisors bought a new stake in Allstate during the 2nd quarter worth approximately $28,000. Evolution Wealth Management Inc. increased its stake in Allstate by 7,000.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 140 shares in the last quarter. Finally, Allied Private Wealth LLC acquired a new stake in Allstate during the 2nd quarter worth approximately $29,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Allstate news, insider John E. Dugenske sold 32,996 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $269.33, for a total value of $8,886,812.68. Following the transaction, the insider owned 13,054 shares of the company’s stock, valued at approximately $3,515,833.82. The trade was a 71.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mario Rizzo sold 56,225 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $21,747,396.96. This represents a 40.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group upped their price objective on Allstate from $261.00 to $275.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Piper Sandler reissued an “overweight” rating on shares of Allstate in a research report on Monday, September 28th. Roth Capital set a $300.00 target price on Allstate in a research note on Thursday, August 6th. Citigroup cut their target price on Allstate from $240.00 to $215.00 and set a “sell” rating on the stock in a research note on Friday, October 2nd. Finally, Weiss Ratings raised Allstate from a “buy (a-)” rating to a “buy (a)” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $270.19.

Allstate Price Performance

Shares of NYSE:ALL traded up $7.67 during trading on Friday, reaching $247.27. 3,499,917 shares of the company traded hands, compared to its average volume of 2,525,334. The company’s 50 day moving average is $246.77 and its two-hundred day moving average is $235.04. The firm has a market capitalization of $62.52 billion, a PE ratio of 4.94, a PEG ratio of 0.53 and a beta of 0.13. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The Allstate Corporation has a 52 week low of $188.08 and a 52 week high of $277.22.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, beating analysts’ consensus estimates of $6.06 by $2.93. The company had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $15.46 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%. Allstate’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $5.94 EPS. As a group, sell-side analysts predict that The Allstate Corporation will post 36.09 earnings per share for the current year.

Allstate Company Profile

Allstate Corporation is an insurance company that provides protection products and services primarily to individuals and families. Its offerings include automobile, homeowners, renters, condominium, and other property and casualty insurance, along with roadside assistance, identity protection, and related protection services.

The company distributes products through a network of exclusive agents, independent agents, contact centers, and digital channels. Allstate also serves customers through brands and businesses including National General, which expands its presence in personal and commercial auto insurance and other specialty coverage markets.

Founded in 1931 as part of Sears, Roebuck & Co, Allstate became an independent publicly traded company in 1995.