Vontobel Holding Ltd. Has $8.32 Million Position in The Allstate Co. (NYSE:ALL)

Vontobel Holding Ltd. lifted its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,131 shares of the insurance provider's stock after buying an additional 1,438 shares during the quarter. Vontobel Holding Ltd.'s holdings in Allstate were worth $8,315,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ALL. JPMorgan Chase & Co. raised its holdings in Allstate by 5.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider's stock valued at $109,605,000 after acquiring an additional 28,584 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in Allstate by 117.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 4,896 shares of the insurance provider's stock valued at $944,000 after buying an additional 2,643 shares during the period. Hennessy Advisors Inc. raised its position in shares of Allstate by 6.9% in the 4th quarter. Hennessy Advisors Inc. now owns 58,600 shares of the insurance provider's stock valued at $11,297,000 after buying an additional 3,800 shares in the last quarter. Artemis Investment Management LLP lifted its holdings in shares of Allstate by 33.3% during the 4th quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider's stock worth $77,413,000 after acquiring an additional 100,311 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in Allstate by 38.0% in the third quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider's stock valued at $2,067,000 after acquiring an additional 2,888 shares during the last quarter. Institutional investors own 76.47% of the company's stock.

Insider Activity at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of Allstate stock in a transaction on Monday, February 10th. The shares were sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of the sale, the chief financial officer now directly owns 18,115 shares of the company's stock, valued at approximately $3,378,990.95. The trade was a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Allstate Trading Up 1.4 %

Shares of NYSE:ALL traded up $2.72 during trading on Wednesday, reaching $191.67. The stock had a trading volume of 1,128,743 shares, compared to its average volume of 1,891,644. The Allstate Co. has a 52 week low of $153.87 and a 52 week high of $209.88. The firm's fifty day moving average is $190.55 and its 200 day moving average is $190.03. The stock has a market cap of $50.76 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 1.02 and a beta of 0.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36.

Allstate (NYSE:ALL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, topping analysts' consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. As a group, equities analysts forecast that The Allstate Co. will post 18.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group upped their target price on Allstate from $216.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Jefferies Financial Group raised their price objective on Allstate from $231.00 to $267.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Barclays dropped their target price on shares of Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a report on Monday, January 6th. The Goldman Sachs Group lifted their price target on shares of Allstate from $209.00 to $230.00 and gave the company a "buy" rating in a report on Friday, November 15th. Finally, Wells Fargo & Company raised their target price on shares of Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Allstate currently has a consensus rating of "Moderate Buy" and a consensus target price of $217.94.

Allstate Company Profile

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.