Diversified Trust Co Sells 3,305 Shares of The Allstate Corporation (NYSE:ALL)

Diversified Trust Co lessened its stake in The Allstate Corporation (NYSE:ALL - Free Report) by 41.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,584 shares of the insurance provider's stock after selling 3,305 shares during the period. Diversified Trust Co's holdings in Allstate were worth $949,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ALL. PDS Planning Inc raised its position in shares of Allstate by 6.2% during the first quarter. PDS Planning Inc now owns 1,995 shares of the insurance provider's stock worth $413,000 after acquiring an additional 117 shares during the last quarter. Sequoia Financial Advisors LLC increased 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 worth $2,352,000 after purchasing an additional 2,643 shares during the period. Pure Financial Advisors LLC raised its holdings in Allstate by 9.8% during the 1st quarter. Pure Financial Advisors LLC now owns 1,244 shares of the insurance provider's stock worth $258,000 after purchasing an additional 111 shares during the last quarter. Phillips Wealth Planners LLC lifted its position in Allstate by 6.3% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,431 shares of the insurance provider's stock valued at $276,000 after purchasing an additional 85 shares during the period. Finally, Live Oak Investment Partners boosted its stake in shares of Allstate by 1.8% in the 1st quarter. Live Oak Investment Partners now owns 9,215 shares of the insurance provider's stock valued at $1,908,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ALL shares. Wells Fargo & Company dropped their price target on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Morgan Stanley upped their target price on shares of Allstate from $225.00 to $235.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. increased their price target on Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $250.00 price objective (up from $240.00) on shares of Allstate in a research note on Monday, May 5th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Allstate in a report on Friday, May 16th. 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, Allstate currently has an average rating of "Moderate Buy" and an average target price of $225.20.

Allstate Stock Down 0.6%

Shares of NYSE ALL traded down $1.17 during mid-day trading on Tuesday, reaching $200.14. 1,533,523 shares of the company's stock were exchanged, compared to its average volume of 1,631,555. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $201.14 and a 200 day simple moving average of $196.56. The Allstate Corporation has a twelve month low of $157.50 and a twelve month high of $213.18. The firm has a market capitalization of $53.00 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.05 and a beta of 0.33.

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

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 9th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Monday, June 9th. Allstate's payout ratio is presently 27.32%.

Allstate Company 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.