Achmea Investment Management B.V. cut its stake in shares of Allstate Corp (NYSE:ALL) by 41.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,036 shares of the insurance provider’s stock after selling 38,447 shares during the quarter. Achmea Investment Management B.V.’s holdings in Allstate were worth $4,466,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Ipswich Investment Management Co. Inc. bought a new position in Allstate in the 4th quarter worth approximately $25,000. 1 North Wealth Services LLC bought a new position in Allstate in the 4th quarter worth approximately $25,000. We Are One Seven LLC bought a new position in Allstate in the 4th quarter worth approximately $27,000. Oregon Public Employees Retirement Fund grew its holdings in Allstate by 8,063.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,165,142 shares of the insurance provider’s stock worth $38,000 after buying an additional 3,126,372 shares in the last quarter. Finally, NuWave Investment Management LLC grew its holdings in Allstate by 870.8% in the 4th quarter. NuWave Investment Management LLC now owns 466 shares of the insurance provider’s stock worth $39,000 after buying an additional 418 shares in the last quarter. 78.82% of the stock is owned by institutional investors.

Shares of NYSE ALL opened at $93.85 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $31.23 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.22 and a beta of 0.82. Allstate Corp has a 1 year low of $77.00 and a 1 year high of $102.73.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Tuesday, February 5th. The insurance provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.23. The firm had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.66 billion. Allstate had a return on equity of 14.00% and a net margin of 5.66%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company posted $2.09 EPS. Equities research analysts forecast that Allstate Corp will post 9.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Thursday, February 28th will be paid a dividend of $0.50 per share. This is a positive change from Allstate’s previous quarterly dividend of $0.46. This represents a $2.00 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Wednesday, February 27th. Allstate’s dividend payout ratio (DPR) is presently 24.78%.

A number of equities analysts recently issued reports on the company. William Blair raised Allstate from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 6th. ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Wells Fargo & Co set a $100.00 price objective on Allstate and gave the stock a “hold” rating in a report on Thursday, December 13th. Argus decreased their price objective on Allstate from $115.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, November 28th. Finally, Compass Point assumed coverage on Allstate in a report on Tuesday, January 15th. They issued a “buy” rating and a $114.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $100.73.

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Allstate Company Profile

The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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