D.A. Davidson & CO. Decreases Stock Position in The Allstate Corporation (NYSE:ALL)

D.A. Davidson & CO. cut its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 17.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,513 shares of the insurance provider's stock after selling 2,230 shares during the period. D.A. Davidson & CO.'s holdings in Allstate were worth $2,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new position in shares of Allstate during the fourth quarter worth about $25,000. Twin Tree Management LP acquired a new position in Allstate in the fourth quarter valued at approximately $27,000. Hopwood Financial Services Inc. acquired a new position in Allstate in the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda acquired a new position in Allstate in the fourth quarter valued at approximately $29,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Allstate in the fourth quarter valued at approximately $40,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Barclays upped their price target on Allstate from $172.00 to $188.00 and gave the company an "underweight" rating in a report on Monday. Raymond James Financial restated a "strong-buy" rating and set a $250.00 price target (up previously from $240.00) on shares of Allstate in a research note on Monday, May 5th. William Blair initiated coverage on Allstate in a research note on Friday, June 6th. They set a "sector outperform" rating for the company. Finally, Evercore ISI upped their price target on Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Allstate presently has an average rating of "Moderate Buy" and a consensus price target of $226.27.

Allstate Trading Down 0.6%

NYSE:ALL traded down $1.18 during mid-day trading on Tuesday, reaching $193.36. The company's stock had a trading volume of 2,182,233 shares, compared to its average volume of 1,638,570. The company's fifty day simple moving average is $201.35 and its two-hundred day simple moving average is $196.71. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.40 and a quick ratio of 0.40. The Allstate Corporation has a twelve month low of $158.04 and a twelve month high of $213.18. The stock has a market cap of $51.21 billion, a P/E ratio of 13.21, a P/E/G ratio of 1.03 and a beta of 0.33.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.45). The firm had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. Allstate had a net margin of 6.19% and a return on equity of 24.62%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $5.13 earnings per share. On average, equities analysts predict that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 9th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Monday, June 9th. Allstate's dividend payout ratio is currently 27.32%.

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.