Diversified Trust Co Sells 1,584 Shares of The Allstate Corporation $ALL

Key Points

• Diversified Trust Co sold 1,584 shares of The Allstate Corporation, reducing its holdings by 34.6% to 3,000 shares, valued at $604,000.
• Several brokerages issued updated ratings and price targets for Allstate, with UBS Group raising its target to $235.00 and Cantor Fitzgerald upgrading the stock to a "hold" rating.
• Allstate announced a quarterly dividend of $1.00 per share, representing a 1.9% yield, with an upcoming payment date of October 1st for stockholders of record.

Diversified Trust Co lessened its position in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 34.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,000 shares of the insurance provider's stock after selling 1,584 shares during the period. Diversified Trust Co's holdings in Allstate were worth $604,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ALL. Brighton Jones LLC boosted its holdings in shares of Allstate by 60.2% during the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock worth $1,253,000 after acquiring an additional 2,443 shares during the period. Revolve Wealth Partners LLC bought a new stake in shares of Allstate during the fourth quarter worth approximately $231,000. Vise Technologies Inc. bought a new stake in shares of Allstate during the fourth quarter worth approximately $452,000. Sunbelt Securities Inc. boosted its holdings in shares of Allstate by 132.4% during the fourth quarter. Sunbelt Securities Inc. now owns 846 shares of the insurance provider's stock worth $163,000 after acquiring an additional 482 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in shares of Allstate by 8.2% during the fourth quarter. Toronto Dominion Bank now owns 141,580 shares of the insurance provider's stock worth $27,295,000 after acquiring an additional 10,682 shares during the period. Institutional investors own 76.47% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ALL. Cantor Fitzgerald upgraded Allstate to a "hold" rating in a research note on Wednesday, August 13th. UBS Group boosted their price target on Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Barclays reiterated an "underweight" rating and issued a $198.00 price target (up from $188.00) on shares of Allstate in a research note on Thursday, July 31st. Keefe, Bruyette & Woods boosted their price target on Allstate from $237.00 to $246.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Finally, Jefferies Financial Group boosted their price target on Allstate from $254.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $231.47.

Allstate Stock Up 0.5%

Shares of ALL opened at $207.56 on Wednesday. The Allstate Corporation has a one year low of $176.00 and a one year high of $214.76. The company has a market cap of $54.69 billion, a P/E ratio of 9.76, a P/E/G ratio of 0.81 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. The firm has a 50 day simple moving average of $202.14 and a two-hundred day simple moving average of $200.61.

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, beating the consensus estimate of $3.20 by $2.74. The business had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.61 earnings per share. Research analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, August 29th. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. Allstate's dividend payout ratio is 18.81%.

Allstate 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.

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