ASR Vermogensbeheer N.V. Buys New Holdings in The Allstate Corporation (NYSE:ALL)

Key Points

• ASR Vermogensbeheer N.V. acquired 53,213 shares in The Allstate Corporation, valued at approximately $11 million, during the first quarter of the year.
• Wall Street analysts have generally positive forecasts for Allstate, with an average rating of "Moderate Buy" and an average target price of $230.00.
• Allstate announced a quarterly dividend of $1.00, set to be paid on October 1st, reflecting an annualized yield of 1.9%.

ASR Vermogensbeheer N.V. acquired a new stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 53,213 shares of the insurance provider's stock, valued at approximately $11,019,000.

Several other institutional investors have also recently made changes to their positions in ALL. Sequoia Financial Advisors LLC grew its stake in shares of Allstate by 30.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 11,361 shares of the insurance provider's stock worth $2,352,000 after purchasing an additional 2,643 shares during the period. Richard Bernstein Advisors LLC purchased a new stake in Allstate during the first quarter worth $3,341,000. Dock Street Asset Management Inc. acquired a new stake in Allstate during the first quarter valued at $207,000. First Citizens Bank & Trust Co. increased its holdings in Allstate by 5.5% in the first quarter. First Citizens Bank & Trust Co. now owns 57,499 shares of the insurance provider's stock valued at $11,906,000 after buying an additional 2,981 shares in the last quarter. Finally, Blackstone Inc. acquired a new position in shares of Allstate in the fourth quarter worth about $52,053,000. Hedge funds and other institutional investors own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ALL shares. William Blair assumed coverage on Allstate in a research report on Friday, June 6th. They set a "sector outperform" rating on the stock. Wall Street Zen raised Allstate from a "hold" rating to a "buy" rating in a report on Tuesday. BMO Capital Markets reaffirmed an "outperform" rating on shares of Allstate in a research note on Friday, May 16th. Wells Fargo & Company set a $202.00 target price on Allstate and gave the company an "equal weight" rating in a research report on Tuesday. Finally, Evercore ISI boosted their price target on shares of Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $230.00.

Allstate Trading Up 1.7%

Shares of Allstate stock opened at $208.99 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The stock's 50 day simple moving average is $198.41 and its 200-day simple moving average is $197.54. The stock has a market cap of $55.07 billion, a P/E ratio of 9.83, a P/E/G ratio of 0.86 and a beta of 0.35. The Allstate Corporation has a 1-year low of $169.20 and a 1-year high of $213.18.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, topping analysts' consensus estimates of $3.20 by $2.74. The firm had revenue of $15.05 billion for the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 earnings per share. Analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, August 29th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. Allstate's dividend payout ratio is currently 18.81%.

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.

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