TD Asset Management Inc Has $48.80 Million Stock Holdings in The Allstate Corporation (NYSE:ALL)

Key Points

• TD Asset Management Inc increased its holdings in The Allstate Corporation by 5.3% during the first quarter, owning approximately $48.80 million worth of stock.
• Several institutional investors have also modified their positions, with HB Wealth Management LLC raising its holdings by 18.9% and Knights of Columbus Asset Advisors LLC increasing theirs by 10.1%.
• The Allstate Corporation recently declared a quarterly dividend of $1.00, which results in an annualized dividend of $4.00 and a dividend yield of 2.08%.

TD Asset Management Inc lifted its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 5.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 235,660 shares of the insurance provider's stock after buying an additional 11,812 shares during the period. TD Asset Management Inc owned about 0.09% of Allstate worth $48,798,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. HB Wealth Management LLC raised its holdings in shares of Allstate by 18.9% during the 1st quarter. HB Wealth Management LLC now owns 9,730 shares of the insurance provider's stock worth $2,015,000 after buying an additional 1,544 shares in the last quarter. Sather Financial Group Inc acquired a new position in shares of Allstate during the 1st quarter worth $205,000. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Allstate by 10.1% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 51,843 shares of the insurance provider's stock worth $10,735,000 after buying an additional 4,766 shares in the last quarter. Caliber Wealth Management LLC KS acquired a new position in shares of Allstate during the 1st quarter worth $1,916,000. Finally, Cetera Investment Advisers raised its holdings in shares of Allstate by 3.2% during the 1st quarter. Cetera Investment Advisers now owns 61,133 shares of the insurance provider's stock worth $12,659,000 after buying an additional 1,917 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Analyst Ratings Changes

ALL has been the subject of a number of research analyst reports. Wall Street Zen cut Allstate from a "buy" rating to a "hold" rating in a report on Monday. William Blair began coverage on Allstate in a report on Friday, June 6th. They set a "sector outperform" rating for the company. Wells Fargo & Company reduced their price objective on Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. UBS Group boosted their price objective on Allstate from $230.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. boosted their price objective 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, two have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Allstate presently has a consensus rating of "Moderate Buy" and a consensus price target of $227.07.

Allstate Trading Down 1.9%

NYSE ALL opened at $191.93 on Tuesday. The business's 50-day moving average price is $198.98 and its two-hundred day moving average price is $197.03. The Allstate Corporation has a 12 month low of $168.29 and a 12 month high of $213.18. The firm has a market capitalization of $50.83 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.40.

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

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.08%. Allstate's dividend payout ratio (DPR) 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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