TD Private Client Wealth LLC Boosts Stake in The Allstate Corporation (NYSE:ALL)

TD Private Client Wealth LLC increased its stake in The Allstate Corporation (NYSE:ALL - Free Report) by 830.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,741 shares of the insurance provider's stock after purchasing an additional 3,339 shares during the quarter. TD Private Client Wealth LLC's holdings in Allstate were worth $775,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. VSM Wealth Advisory LLC bought a new position in shares of Allstate in the fourth quarter worth about $25,000. Twin Tree Management LP acquired a new position in shares of Allstate during the fourth quarter worth approximately $27,000. Hopwood Financial Services Inc. bought a new stake in shares of Allstate in the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Allstate in the fourth quarter worth $29,000. Finally, Aster Capital Management DIFC Ltd bought a new position in Allstate during the fourth quarter worth $40,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ALL shares. UBS Group raised their price objective on Allstate from $230.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday. BMO Capital Markets reaffirmed an "outperform" rating on shares of Allstate in a report on Friday, May 16th. Keefe, Bruyette & Woods boosted their price objective on Allstate from $235.00 to $237.00 and gave the stock an "outperform" rating in a research note on Wednesday. Raymond James Financial restated a "strong-buy" rating and issued a $250.00 price objective (up previously from $240.00) on shares of Allstate in a research report on Monday, May 5th. Finally, Barclays upped their target price on shares of Allstate from $172.00 to $188.00 and gave the stock an "underweight" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $227.07.

Allstate Stock Performance

Shares of ALL stock traded up $0.55 during trading on Thursday, hitting $194.64. The company's stock had a trading volume of 1,379,237 shares, compared to its average volume of 1,638,841. The business has a fifty day moving average of $201.16 and a 200-day moving average of $196.67. The company has a market cap of $51.54 billion, a PE ratio of 13.30, a P/E/G ratio of 1.00 and a beta of 0.33. The Allstate Corporation has a 52 week low of $158.04 and a 52 week high of $213.18. 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 announced its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.45). The business had revenue of $14.30 billion for the quarter, compared to analysts' expectations of $16.41 billion. Allstate had a net margin of 6.19% and a return on equity of 24.62%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $5.13 earnings per share. As a group, research analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 9th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Monday, June 9th. Allstate's dividend payout ratio is currently 27.32%.

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.