The Allstate Corporation $ALL Shares Bought by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG has increased its stake in The Allstate Corporation by 5.2%, now holding 33,292 shares valued at approximately $6.89 million.
• The Allstate Corporation reported impressive earnings of $5.94 per share for the last quarter, significantly beating the analysts' expectations of $3.20, despite revenue being slightly below estimates at $15.05 billion.
• Allstate has announced a quarterly dividend of $1.00 per share, with a yield of 2.0%, highlighting its stable financial performance and commitment to returning value to shareholders.

B. Metzler seel. Sohn & Co. AG raised its position in The Allstate Corporation (NYSE:ALL - Free Report) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,292 shares of the insurance provider's stock after acquiring an additional 1,640 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Allstate were worth $6,894,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its position in Allstate by 30.3% in the first quarter. Sequoia Financial Advisors LLC now owns 11,361 shares of the insurance provider's stock valued at $2,352,000 after acquiring an additional 2,643 shares in the last quarter. Atlas Capital Advisors Inc. grew its position in Allstate by 197.3% in the first quarter. Atlas Capital Advisors Inc. now owns 6,712 shares of the insurance provider's stock valued at $1,390,000 after acquiring an additional 4,454 shares in the last quarter. Richard Bernstein Advisors LLC acquired a new stake in Allstate in the first quarter valued at approximately $3,341,000. Dock Street Asset Management Inc. acquired a new stake in Allstate in the first quarter valued at approximately $207,000. Finally, First Citizens Bank & Trust Co. grew its position 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 acquiring an additional 2,981 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ALL shares. Barclays reaffirmed an "underweight" rating and issued a $198.00 price objective (up previously from $188.00) on shares of Allstate in a research report on Thursday, July 31st. Keefe, Bruyette & Woods raised their price target on shares of Allstate from $237.00 to $246.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Morgan Stanley raised their price target on shares of Allstate from $235.00 to $245.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Jefferies Financial Group raised their price target on shares of Allstate from $254.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Finally, UBS Group raised their price target on shares of Allstate from $230.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $230.73.

Allstate Stock Performance

ALL traded up $0.07 during trading hours on Tuesday, hitting $203.52. 354,812 shares of the stock were exchanged, compared to its average volume of 1,705,208. The stock has a 50-day simple moving average of $199.92 and a 200-day simple moving average of $199.69. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $214.76. The stock has a market cap of $53.63 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 0.82 and a beta of 0.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43.

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

Allstate Dividend Announcement

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 paid a dividend of $1.00 per share. The ex-dividend date is Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 2.0%. Allstate's dividend payout ratio (DPR) is 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.