Zurich Insurance Group Ltd FI lessened its stake in shares of Allstate Corp (NYSE:ALL) by 22.5% during the second quarter, HoldingsChannel reports. The firm owned 57,833 shares of the insurance provider’s stock after selling 16,753 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Allstate were worth $5,278,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ALL. Private Capital Group LLC raised its holdings in shares of Allstate by 195.5% in the 1st quarter. Private Capital Group LLC now owns 1,182 shares of the insurance provider’s stock worth $112,000 after acquiring an additional 782 shares during the last quarter. Clearwater Capital Advisors LLC acquired a new stake in shares of Allstate in the 1st quarter worth about $122,000. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Allstate in the 2nd quarter worth about $124,000. Summit Trail Advisors LLC raised its holdings in shares of Allstate by 11,436.6% in the 1st quarter. Summit Trail Advisors LLC now owns 147,438 shares of the insurance provider’s stock worth $147,000 after acquiring an additional 146,160 shares during the last quarter. Finally, Archford Capital Strategies LLC acquired a new stake in shares of Allstate in the 1st quarter worth about $158,000. 76.21% of the stock is currently owned by institutional investors.

NYSE:ALL opened at $100.21 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $33.79 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.24 and a beta of 0.92. Allstate Corp has a 52 week low of $88.29 and a 52 week high of $105.36.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $1.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.45. The firm had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.53 billion. Allstate had a net margin of 9.06% and a return on equity of 15.21%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.38 EPS. equities analysts forecast that Allstate Corp will post 9.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, August 31st will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.84 annualized dividend and a yield of 1.84%. Allstate’s dividend payout ratio (DPR) is 27.42%.

A number of research firms recently weighed in on ALL. ValuEngine lowered shares of Allstate from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. Zacks Investment Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a report on Thursday. Citigroup lowered their target price on shares of Allstate from $108.00 to $107.00 and set a “buy” rating on the stock in a report on Friday, July 20th. B. Riley upped their target price on shares of Allstate from $84.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, July 16th. Finally, Buckingham Research upgraded shares of Allstate from an “underperform” rating to a “neutral” rating and set a $88.00 target price on the stock in a report on Wednesday, July 18th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Allstate presently has a consensus rating of “Hold” and a consensus price target of $103.92.

In other Allstate news, insider Glenn T. Shapiro sold 21,728 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $98.70, for a total value of $2,144,553.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Susan L. Lees sold 22,189 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $99.24, for a total transaction of $2,202,036.36. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

About Allstate

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

See Also: Closed-End Mutual Funds

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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