Sumitomo Mitsui DS Asset Management Company Ltd Purchases 2,775 Shares of The Allstate Corporation (NYSE:ALL)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 7.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,386 shares of the insurance provider's stock after purchasing an additional 2,775 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Allstate were worth $7,949,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ALL. VSM Wealth Advisory LLC bought a new stake in shares of Allstate in the 4th quarter valued at $25,000. Twin Tree Management LP bought a new stake in shares of Allstate in the fourth quarter worth about $27,000. Vision Financial Markets LLC bought a new position in shares of Allstate during the 4th quarter valued at about $29,000. Hopwood Financial Services Inc. acquired a new position in shares of Allstate in the 4th quarter valued at approximately $29,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Allstate during the 4th quarter worth approximately $29,000. Institutional investors own 76.47% of the company's stock.

Allstate Stock Performance

Shares of Allstate stock traded up $2.03 during trading on Friday, reaching $196.72. The company's stock had a trading volume of 963,005 shares, compared to its average volume of 1,633,683. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.40. The business's 50-day moving average price is $201.30 and its 200-day moving average price is $196.58. The Allstate Corporation has a 52 week low of $157.50 and a 52 week high of $213.18. The firm has a market cap of $52.09 billion, a PE ratio of 13.44, a P/E/G ratio of 1.01 and a beta of 0.33.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) 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 business had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $16.41 billion. During the same period in the prior year, the firm earned $5.13 EPS. The business's revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 9th were issued a $1.00 dividend. The ex-dividend date was Monday, June 9th. This represents a $4.00 annualized dividend and a yield of 2.03%. Allstate's dividend payout ratio is presently 27.32%.

Analyst Upgrades and Downgrades

ALL has been the subject of several research reports. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $228.00 to $235.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. William Blair began coverage on Allstate in a research note on Friday, June 6th. They issued a "sector outperform" rating on the stock. Wells Fargo & Company reduced their price objective on Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. BMO Capital Markets reissued an "outperform" rating on shares of Allstate in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. upped their price target on Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $225.20.

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.