The Allstate Corporation $ALL Position Boosted by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Allstate by 23% during the second quarter, now holding 45,350 shares worth approximately $9.13 million.
• Analysts remain optimistic about Allstate, with a consensus rating of “Moderate Buy” and an average target price of $234.50.
• Allstate reported earnings per share of $5.94 for the last quarter, significantly exceeding analysts' expectations of $3.20.

Vanguard Personalized Indexing Management LLC lifted its stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 23.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,350 shares of the insurance provider's stock after purchasing an additional 8,490 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Allstate were worth $9,134,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Concurrent Investment Advisors LLC lifted its position in shares of Allstate by 6.0% during the second quarter. Concurrent Investment Advisors LLC now owns 13,801 shares of the insurance provider's stock worth $2,778,000 after purchasing an additional 787 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in Allstate by 10.0% in the second quarter. Johnson Investment Counsel Inc. now owns 18,095 shares of the insurance provider's stock worth $3,643,000 after acquiring an additional 1,640 shares during the last quarter. Aberdeen Group plc lifted its holdings in Allstate by 6.0% in the second quarter. Aberdeen Group plc now owns 201,474 shares of the insurance provider's stock worth $40,559,000 after acquiring an additional 11,475 shares during the last quarter. PDS Planning Inc lifted its holdings in Allstate by 8.2% in the second quarter. PDS Planning Inc now owns 2,159 shares of the insurance provider's stock worth $435,000 after acquiring an additional 164 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC lifted its holdings in Allstate by 3.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 8,713 shares of the insurance provider's stock worth $1,754,000 after acquiring an additional 283 shares during the last quarter. Institutional investors own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ALL. UBS Group raised their target price on shares of Allstate from $235.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of Allstate from $237.00 to $246.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Roth Capital set a $230.00 target price on shares of Allstate and gave the stock a "buy" rating in a report on Friday, September 26th. Jefferies Financial Group raised their target price on shares of Allstate from $254.00 to $255.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Finally, Barclays reissued an "underweight" rating and issued a $198.00 target price (up previously from $188.00) on shares of Allstate in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Allstate currently has a consensus rating of "Moderate Buy" and an average target price of $234.50.

Allstate Stock Performance

ALL opened at $205.59 on Monday. The business's 50 day moving average is $206.06 and its 200-day moving average is $201.01. The stock has a market cap of $54.17 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 0.78 and a beta of 0.38. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $215.70.

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

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, August 29th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 1.9%. Allstate's payout ratio is presently 18.81%.

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.

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