Tolleson Wealth Management Inc. Acquires Shares of 1,206 The Allstate Co. (NYSE:ALL)

Tolleson Wealth Management Inc. purchased a new position in shares of The Allstate Co. (NYSE:ALL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,206 shares of the insurance provider's stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new stake in shares of Allstate during the fourth quarter worth approximately $25,000. Twin Tree Management LP bought a new position in Allstate during the 4th quarter valued at $27,000. Vision Financial Markets LLC acquired a new position in Allstate during the 4th quarter worth $29,000. Hopwood Financial Services Inc. bought a new stake in shares of Allstate in the 4th quarter worth about $29,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Allstate in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 76.47% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com raised Allstate from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Morgan Stanley lifted their price objective on shares of Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Wells Fargo & Company dropped their target price on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $228.00 to $235.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Barclays dropped their price objective on shares of Allstate from $183.00 to $172.00 and set an "underweight" rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $225.20.

Allstate Price Performance

Shares of Allstate stock traded down $1.86 during trading on Tuesday, hitting $208.09. The stock had a trading volume of 1,058,543 shares, compared to its average volume of 1,616,070. The business has a fifty day moving average of $199.83 and a two-hundred day moving average of $196.02. The firm has a market cap of $55.11 billion, a P/E ratio of 12.25, a PEG ratio of 1.01 and a beta of 0.32. The Allstate Co. has a fifty-two week low of $156.66 and a fifty-two week high of $212.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.45). Allstate had a net margin of 7.28% and a return on equity of 28.20%. The business had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $16.41 billion. During the same quarter last year, the business posted $5.13 EPS. The business's revenue for the quarter was up 7.8% on a year-over-year basis. On average, sell-side analysts expect that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 26th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the insurance provider to reacquire up to 3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a $1.00 dividend. This is a positive change from Allstate's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.00 annualized dividend and a yield of 1.92%. Allstate's payout ratio is 27.32%.

About Allstate

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.