Lombard Odier Asset Management Switzerland SA Purchases Shares of 4,834 The Allstate Corporation $ALL

Lombard Odier Asset Management Switzerland SA purchased a new stake in The Allstate Corporation (NYSE:ALL) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,834 shares of the insurance provider’s stock, valued at approximately $1,002,000.

Other large investors have also recently made changes to their positions in the company. MV Capital Management Inc. acquired a new stake in Allstate in the 4th quarter valued at approximately $25,000. Dorato Capital Management purchased a new stake in Allstate in the fourth quarter valued at approximately $27,000. Navalign LLC acquired a new position in Allstate during the fourth quarter worth $27,000. Evolution Wealth Management Inc. boosted its position in shares of Allstate by 7,000.0% during the first quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock worth $29,000 after buying an additional 140 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Allstate during the first quarter worth $30,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ALL shares. Weiss Ratings reiterated a “buy (a-)” rating on shares of Allstate in a report on Thursday, June 18th. Cantor Fitzgerald raised their target price on Allstate from $236.00 to $242.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Citigroup lifted their target price on Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Raymond James Financial boosted their price target on shares of Allstate from $260.00 to $300.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 6th. Finally, Atlantic Securities set a $319.00 price target on shares of Allstate in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $254.80.

Insider Transactions at Allstate

In related news, Director Andrea Redmond sold 2,225 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $202.91, for a total value of $451,474.75. Following the sale, the director owned 2,225 shares of the company’s stock, valued at $451,474.75. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the completion of the transaction, the chief operating officer owned 82,227 shares of the company’s stock, valued at $17,991,267.60. This represents a 18.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 22,353 shares of company stock valued at $4,851,560. 1.55% of the stock is currently owned by corporate insiders.

Allstate Stock Up 0.5%

Allstate stock opened at $261.37 on Tuesday. The firm has a market capitalization of $67.28 billion, a P/E ratio of 5.77, a P/E/G ratio of 0.45 and a beta of 0.16. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a twelve month low of $188.08 and a twelve month high of $262.24. The stock’s fifty day simple moving average is $231.96 and its 200-day simple moving average is $216.45.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The firm had revenue of $16.94 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same period last year, the business posted $3.53 earnings per share. Allstate’s revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts expect that The Allstate Corporation will post 30.51 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, August 31st. Allstate’s dividend payout ratio (DPR) is presently 9.53%.

Allstate Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.