Davis R M Inc. Lowers Holdings in The Allstate Co. (NYSE:ALL)

Davis R M Inc. decreased its holdings in The Allstate Co. (NYSE:ALL) by 14.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,631 shares of the insurance provider’s stock after selling 285 shares during the period. Davis R M Inc.’s holdings in Allstate were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of ALL. Vanguard Group Inc. raised its stake in Allstate by 11.5% in the third quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock worth $3,595,266,000 after buying an additional 3,322,673 shares in the last quarter. Norges Bank acquired a new position in shares of Allstate in the 4th quarter valued at $212,771,000. Invesco Ltd. increased its position in shares of Allstate by 46.6% in the 3rd quarter. Invesco Ltd. now owns 4,121,941 shares of the insurance provider’s stock valued at $459,225,000 after acquiring an additional 1,311,095 shares during the period. Nordea Investment Management AB increased its position in shares of Allstate by 49.5% in the 3rd quarter. Nordea Investment Management AB now owns 1,640,174 shares of the insurance provider’s stock valued at $183,388,000 after acquiring an additional 542,842 shares during the period. Finally, Morgan Stanley increased its position in shares of Allstate by 16.9% in the 3rd quarter. Morgan Stanley now owns 3,701,607 shares of the insurance provider’s stock valued at $412,396,000 after acquiring an additional 536,137 shares during the period. Institutional investors own 76.47% of the company’s stock.

Allstate Trading Down 0.6 %

Shares of NYSE ALL traded down $0.93 during midday trading on Thursday, reaching $165.24. 126,885 shares of the stock were exchanged, compared to its average volume of 1,609,807. The company has a 50 day simple moving average of $168.88 and a 200 day simple moving average of $155.00. The stock has a market capitalization of $43.61 billion, a P/E ratio of 36.68, a PEG ratio of 1.60 and a beta of 0.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Co. has a twelve month low of $100.57 and a twelve month high of $177.37.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. The business had revenue of $15.26 billion during the quarter, compared to the consensus estimate of $12.76 billion. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.30) EPS. As a group, equities analysts expect that The Allstate Co. will post 14.97 earnings per share for the current year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, May 31st will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.23%. Allstate’s dividend payout ratio is currently 81.24%.

Insider Transactions at Allstate

In related news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the transaction, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the completion of the transaction, the insider now owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the transaction, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

ALL has been the topic of several research reports. Keefe, Bruyette & Woods upped their target price on Allstate from $181.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Wells Fargo & Company upped their price target on shares of Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a report on Friday, May 10th. TheStreet raised shares of Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Morgan Stanley upped their price target on shares of Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Allstate from $185.00 to $193.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.59.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.