TD Asset Management Inc Has $54.29 Million Stake in The Allstate Corporation $ALL

Key Points

• TD Asset Management Inc increased its stake in The Allstate Corporation by 14.4%, owning approximately 269,666 shares valued at about $54.29 million as of the latest reporting period.
• Research firms have issued positive ratings for Allstate, with UBS increasing the price target from $235 to $250, and the stock currently has an average rating of "Moderate Buy" with a consensus target price of $234.50.
• Allstate reported earnings of $5.94 per share, significantly exceeding analysts' expectations of $3.20, driven by a year-over-year revenue increase of 5.8%.

TD Asset Management Inc lifted its position in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 14.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 269,666 shares of the insurance provider's stock after purchasing an additional 34,006 shares during the quarter. TD Asset Management Inc owned 0.10% of Allstate worth $54,286,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ALL. Price T Rowe Associates Inc. MD increased its holdings in Allstate by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider's stock worth $2,424,710,000 after purchasing an additional 2,374,684 shares in the last quarter. Boston Partners boosted its holdings in Allstate by 613.9% during the first quarter. Boston Partners now owns 2,482,654 shares of the insurance provider's stock worth $512,627,000 after purchasing an additional 2,134,893 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Allstate by 27.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider's stock worth $482,073,000 after purchasing an additional 497,982 shares during the last quarter. Strs Ohio purchased a new position in Allstate during the first quarter worth about $84,408,000. Finally, AQR Capital Management LLC boosted its holdings in Allstate by 20.3% during the first quarter. AQR Capital Management LLC now owns 2,018,403 shares of the insurance provider's stock worth $417,244,000 after purchasing an additional 340,150 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ALL. UBS Group boosted their price target on shares of Allstate from $235.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 8th. Wolfe Research upgraded shares of Allstate to a "strong-buy" rating in a report on Tuesday, September 16th. Wall Street Zen upgraded Allstate from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Evercore ISI set a $233.00 target price on Allstate and gave the stock an "in-line" rating in a research note on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods lifted their target price on Allstate from $237.00 to $246.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Allstate currently has an average rating of "Moderate Buy" and a consensus target price of $234.50.

Allstate Stock Performance

NYSE:ALL opened at $200.67 on Thursday. 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 business has a fifty day simple moving average of $206.03 and a two-hundred day simple moving average of $201.06. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.70. The company has a market capitalization of $52.88 billion, a P/E ratio of 9.43, a P/E/G ratio of 0.77 and a beta of 0.38.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.20 by $2.74. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The business had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same period last year, the business posted $1.61 earnings per share. The business's revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current year.

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.

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