The Allstate Corporation $ALL Stake Raised by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its holdings in shares of The Allstate Corporation (NYSE:ALL) by 1,423.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 696,914 shares of the insurance provider’s stock after buying an additional 651,179 shares during the period. Vontobel Holding Ltd.’s holdings in Allstate were worth $154,617,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Financial Management LLC boosted its holdings in Allstate by 24.9% in the second quarter. Cornerstone Financial Management LLC now owns 226 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 45 shares during the last quarter. Capital Advisors Inc. OK raised its holdings in shares of Allstate by 2.6% during the 2nd quarter. Capital Advisors Inc. OK now owns 1,827 shares of the insurance provider’s stock worth $435,000 after acquiring an additional 46 shares in the last quarter. Natural Investments LLC increased its stake in Allstate by 1.5% during the second quarter. Natural Investments LLC now owns 3,327 shares of the insurance provider’s stock worth $791,000 after acquiring an additional 50 shares during the last quarter. Kaizen Financial Strategies lifted its holdings in shares of Allstate by 5.5% in the 3rd quarter. Kaizen Financial Strategies now owns 967 shares of the insurance provider’s stock worth $215,000 after acquiring an additional 50 shares during the last quarter. Finally, Root Financial Partners LLC boosted its holdings in Allstate by 4.7% during the 1st quarter. Root Financial Partners LLC now owns 1,170 shares of the insurance provider’s stock valued at $243,000 after acquiring an additional 53 shares during the period. Institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of research reports. Atlantic Securities set a $319.00 price objective on shares of Allstate in a research note on Wednesday, July 15th. Barclays dropped their target price on Allstate from $226.00 to $221.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 7th. Morgan Stanley cut their price target on shares of Allstate from $265.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. JPMorgan Chase & Co. increased their price objective on Allstate from $282.00 to $292.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Finally, Zacks Research cut Allstate from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $270.19.

Insider Buying and Selling

In related news, COO Mario Rizzo sold 56,225 shares of the firm’s stock in a transaction dated 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 directly owned 82,227 shares of the company’s stock, valued at approximately $21,747,396.96. This trade represents a 40.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John E. Dugenske sold 32,996 shares of Allstate stock in a transaction dated 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 completion of the sale, the insider owned 13,054 shares in the company, 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. Corporate insiders own 1.55% of the company’s stock.

Allstate Stock Performance

ALL stock traded up $7.67 during midday trading on Friday, hitting $247.27. 3,499,917 shares of the stock traded hands, compared to its average volume of 2,525,334. The firm has a market cap of $62.52 billion, a P/E ratio of 4.94, a PEG ratio of 0.53 and a beta of 0.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36. The stock’s fifty day simple moving average is $246.77 and its 200-day simple moving average is $235.04. The Allstate Corporation has a 1-year low of $188.08 and a 1-year high of $277.22.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, topping 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 business had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $15.46 billion. During the same quarter in the prior year, the firm posted $5.94 earnings per share. The company’s revenue was up 11.8% compared to the same quarter last year. On average, analysts expect that The Allstate Corporation will post 36.09 earnings per share for the current year.

About Allstate

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.