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

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

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

Insider Activity

In other Allstate news, COO Mario Rizzo sold 56,225 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total value of $14,870,388.00. Following the transaction, the chief operating officer owned 82,227 shares in the company, valued at $21,747,396.96. The trade was a 40.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John E. Dugenske sold 32,996 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the completion of the transaction, the insider directly 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. Over the last quarter, insiders sold 92,996 shares of company stock worth $24,543,894. Corporate insiders own 1.55% of the company’s stock.

Allstate Stock Down 0.3%

NYSE ALL opened at $260.24 on Thursday. 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 fifty-two week low of $188.08 and a fifty-two week high of $277.22. The business has a 50 day moving average price of $249.00 and a two-hundred day moving average price of $224.35. The stock has a market cap of $65.80 billion, a PE ratio of 5.20, a P/E/G ratio of 0.40 and a beta of 0.16.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.06 by $2.93. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The company had revenue of $15.43 billion for the quarter, compared to analyst estimates of $15.46 billion. During the same quarter last year, the firm posted $5.94 earnings per share. The business’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts predict that The Allstate Corporation will post 34.5 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be paid 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 yield of 1.7%. Allstate’s payout ratio is 8.63%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ALL shares. Mizuho boosted their price objective on shares of Allstate from $255.00 to $272.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Wall Street Zen raised shares of Allstate from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Barclays lifted their target price on shares of Allstate from $213.00 to $226.00 and gave the company an “underweight” rating in a report on Thursday, August 6th. Weiss Ratings raised shares of Allstate from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $280.00 price target on shares of Allstate in a report on Friday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Allstate presently has an average rating of “Hold” and a consensus target price of $265.53.

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.