Edmond DE Rothschild Holding S.A. Invests $13.38 Million in The Allstate Corporation $ALL

Edmond DE Rothschild Holding S.A. purchased a new position in The Allstate Corporation (NYSE:ALL) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 56,235 shares of the insurance provider’s stock, valued at approximately $13,381,000.

Several other institutional investors have also recently added to or reduced their stakes in ALL. Brighton Jones LLC grew its holdings in Allstate by 60.2% during the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after acquiring an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Allstate in the 4th quarter worth about $231,000. WINTON GROUP Ltd acquired a new stake in shares of Allstate in the 2nd quarter valued at about $210,000. Treasurer of the State of North Carolina raised its stake in shares of Allstate by 2.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider’s stock valued at $24,816,000 after purchasing an additional 3,051 shares in the last quarter. Finally, Ieq Capital LLC lifted its position in shares of Allstate by 20.1% during the second quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider’s stock worth $7,713,000 after purchasing an additional 6,412 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Andrea Redmond sold 2,225 shares of the business’s 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 transaction, the director owned 2,225 shares in the company, valued at $451,474.75. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John E. Dugenske sold 32,996 shares of the company’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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 92,996 shares of company stock valued at $24,543,894 over the last quarter. Company insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Raymond James Financial reiterated a “strong-buy” rating and issued a $315.00 price target on shares of Allstate in a research note on Tuesday, August 11th. The Goldman Sachs Group restated a “neutral” rating and set a $280.00 price objective on shares of Allstate in a research note on Friday, August 7th. Evercore set a $240.00 target price on Allstate in a report on Friday, July 10th. Wells Fargo & Company lowered Allstate from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $243.00 to $250.00 in a research report on Friday, August 7th. Finally, Morgan Stanley set a $265.00 price target on Allstate in a report on Tuesday, August 11th. Four analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $265.53.

Allstate Trading Down 0.3%

NYSE ALL opened at $260.24 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Corporation has a one year low of $188.08 and a one year high of $277.22. The company has a 50-day simple moving average of $249.00 and a 200-day simple moving average of $224.35. The firm has a market capitalization of $65.80 billion, a PE ratio of 5.20, a price-to-earnings-growth ratio of 0.40 and a beta of 0.16.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, topping the consensus estimate of $6.06 by $2.93. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The firm had revenue of $15.43 billion for the quarter, compared to analyst estimates of $15.46 billion. During the same quarter in the prior year, the business earned $5.94 earnings per share. Allstate’s quarterly revenue was up 11.8% on a year-over-year basis. On average, equities analysts forecast that The Allstate Corporation will post 34.5 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.32 annualized dividend and a dividend yield of 1.7%. Allstate’s dividend payout ratio is 8.63%.

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.