The Allstate Corporation $ALL Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in The Allstate Corporation by 6.0% in Q2, acquiring an additional 11,475 shares, bringing its total ownership to approximately 0.08%, valued at $40.56 million.
• Several analysts have given mixed ratings on Allstate's stock, with a consensus rating of "Moderate Buy" and an average target price of $234.50.
• Allstate reported significant earnings with $5.94 EPS, surpassing estimates, and announced a quarterly dividend of $1.00, yielding 1.9% annually.

Aberdeen Group plc lifted its position in The Allstate Corporation (NYSE:ALL - Free Report) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 201,474 shares of the insurance provider's stock after purchasing an additional 11,475 shares during the quarter. Aberdeen Group plc owned approximately 0.08% of Allstate worth $40,559,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Arlington Trust Co LLC lifted its position in Allstate by 261.8% during the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider's stock worth $25,000 after acquiring an additional 89 shares during the period. Hughes Financial Services LLC acquired a new stake in Allstate during the 1st quarter worth approximately $28,000. Hilltop National Bank acquired a new stake in Allstate during the 2nd quarter worth approximately $34,000. Meeder Asset Management Inc. lifted its position in Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock worth $39,000 after acquiring an additional 99 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new stake in Allstate during the 1st quarter worth approximately $43,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ALL shares. Cantor Fitzgerald raised Allstate to a "hold" rating in a research report on Wednesday, August 13th. Roth Capital set a $230.00 price target on Allstate and gave the company a "buy" rating in a report on Friday, September 26th. Morgan Stanley raised their price target on Allstate from $235.00 to $245.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Barclays reissued an "underweight" rating and issued a $198.00 price target (up from $188.00) on shares of Allstate in a report on Thursday, July 31st. Finally, Wall Street Zen raised Allstate from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $234.50.

Allstate Stock Performance

NYSE ALL opened at $205.59 on Monday. 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 $54.17 billion, a P/E ratio of 9.67, a PEG ratio of 0.78 and a beta of 0.38. The business has a 50 day moving average price of $206.06 and a 200 day moving average price of $201.01. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, beating the consensus estimate of $3.20 by $2.74. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The firm 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 EPS. Allstate's quarterly revenue was up 5.8% on a year-over-year basis. Sell-side analysts expect that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

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

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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