Robeco Institutional Asset Management B.V. Sells 69,890 Shares of The Allstate Co. (NYSE:ALL)

Robeco Institutional Asset Management B.V. cut its stake in The Allstate Co. (NYSE:ALL - Free Report) by 26.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,667 shares of the insurance provider's stock after selling 69,890 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.07% of Allstate worth $36,566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ALL. FSA Wealth Management LLC bought a new stake in Allstate during the 3rd quarter worth approximately $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC bought a new stake in Allstate during the 3rd quarter worth approximately $29,000. Peoples Bank KS bought a new stake in Allstate during the 4th quarter worth approximately $49,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in Allstate during the 3rd quarter worth approximately $58,000. 76.47% of the stock is owned by institutional investors.

Allstate Stock Performance

Allstate stock traded down $1.23 during mid-day trading on Friday, hitting $192.60. 1,619,418 shares of the company's stock traded hands, compared to its average volume of 1,812,875. The firm has a 50 day simple moving average of $194.15 and a two-hundred day simple moving average of $188.14. The Allstate Co. has a fifty-two week low of $153.42 and a fifty-two week high of $209.88. The stock has a market cap of $51.00 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 1.45 and a beta of 0.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter last year, the firm posted $0.81 EPS. The company's quarterly revenue was up 14.7% on a year-over-year basis. On average, research analysts expect that The Allstate Co. will post 16.96 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.91%. The ex-dividend date was Friday, November 29th. Allstate's dividend payout ratio is 23.83%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ALL shares. Barclays reduced their price target on Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a research report on Monday, January 6th. Piper Sandler upped their price target on Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. Bank of America upped their price target on Allstate from $216.00 to $233.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods upped their price target on Allstate from $235.00 to $243.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their price target on Allstate from $205.00 to $207.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Allstate presently has an average rating of "Moderate Buy" and an average price target of $218.13.

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.