IFM Investors Pty Ltd Purchases 4,577 Shares of The Allstate Corporation (NYSE:ALL)

IFM Investors Pty Ltd lifted its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,111 shares of the insurance provider's stock after purchasing an additional 4,577 shares during the quarter. IFM Investors Pty Ltd's holdings in Allstate were worth $10,073,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ALL. VSM Wealth Advisory LLC purchased a new position in shares of Allstate during the fourth quarter worth approximately $25,000. Twin Tree Management LP bought a new position in Allstate in the fourth quarter worth about $27,000. Vision Financial Markets LLC purchased a new position in Allstate during the fourth quarter valued at $29,000. Hopwood Financial Services Inc. bought a new stake in Allstate during the fourth quarter worth about $29,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Allstate in the 4th quarter worth approximately $29,000. Institutional investors own 76.47% of the company's stock.

Allstate Price Performance

Allstate stock traded up $2.03 during midday trading on Friday, reaching $196.72. 963,005 shares of the stock traded hands, compared to its average volume of 1,633,683. The stock has a market cap of $52.09 billion, a P/E ratio of 13.44, a PEG ratio of 1.03 and a beta of 0.33. The stock's fifty day moving average is $201.37 and its 200-day moving average is $196.60. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.40. The Allstate Corporation has a 12 month low of $157.50 and a 12 month high of $213.18.

Allstate (NYSE:ALL - Get Free Report) last posted its 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 firm had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $16.41 billion. During the same quarter in the prior year, the company posted $5.13 earnings per share. The firm's revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 9th were issued a $1.00 dividend. The ex-dividend date was Monday, June 9th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.03%. Allstate's dividend payout ratio (DPR) is presently 27.32%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ALL. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $228.00 to $235.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. William Blair assumed coverage on Allstate in a report on Friday, June 6th. They issued a "sector outperform" rating on the stock. Evercore ISI boosted their price target on Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. BMO Capital Markets restated an "outperform" rating on shares of Allstate in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $225.20.

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.