TCV Trust & Wealth Management Inc. Takes Position in The Allstate Corporation (NYSE:ALL)

TCV Trust & Wealth Management Inc. purchased a new position in shares of The Allstate Corporation (NYSE:ALL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,730 shares of the insurance provider's stock, valued at approximately $772,000.

Other large investors have also recently made changes to their positions in the company. VSM Wealth Advisory LLC purchased a new stake in shares of Allstate during the fourth quarter worth approximately $25,000. Twin Tree Management LP acquired a new position in Allstate during the fourth quarter worth $27,000. Vision Financial Markets LLC acquired a new position in Allstate during the fourth quarter worth $29,000. Hopwood Financial Services Inc. acquired a new position in Allstate during the fourth quarter worth $29,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Allstate during the fourth quarter worth $29,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $250.00 price target (up previously from $240.00) on shares of Allstate in a research note on Monday, May 5th. Evercore ISI upped their price target on Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Morgan Stanley upped their price target on Allstate from $225.00 to $235.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Wells Fargo & Company decreased their price target on Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. increased their target price on Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Allstate currently has an average rating of "Moderate Buy" and an average target price of $225.20.

Allstate Trading Up 0.8%

NYSE:ALL opened at $195.67 on Friday. The stock's 50 day moving average price is $200.85 and its 200 day moving average price is $196.47. The company has a market capitalization of $51.82 billion, a PE ratio of 13.37, a P/E/G ratio of 1.01 and a beta of 0.35. 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 Allstate Corporation has a 52-week low of $157.50 and a 52-week high of $213.18.

Allstate (NYSE:ALL - Get Free Report) last announced its earnings results 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). 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 analysts' expectations of $16.41 billion. During the same quarter last year, the business posted $5.13 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 9th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Monday, June 9th. Allstate's dividend payout ratio is presently 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.

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