The Allstate Co. (NYSE:ALL) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank lifted its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,580 shares of the insurance provider's stock after acquiring an additional 10,682 shares during the quarter. Toronto Dominion Bank owned 0.05% of Allstate worth $27,295,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in Allstate in the 4th quarter valued at approximately $3,400,000. Public Employees Retirement System of Ohio acquired a new position in Allstate during the fourth quarter worth $21,662,000. Sunbelt Securities Inc. raised its position in Allstate by 132.4% in the fourth quarter. Sunbelt Securities Inc. now owns 846 shares of the insurance provider's stock worth $163,000 after acquiring an additional 482 shares in the last quarter. Vise Technologies Inc. acquired a new stake in Allstate in the fourth quarter valued at $452,000. Finally, Novem Group acquired a new stake in Allstate in the fourth quarter valued at $3,864,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Allstate from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. 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 report on Wednesday, May 7th. JPMorgan Chase & Co. increased their target price on shares of Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Evercore ISI lifted their price target on shares of Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Raymond James restated a "strong-buy" rating and issued a $250.00 price target (up previously from $240.00) on shares of Allstate in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $225.20.

Allstate Price Performance

Shares of NYSE ALL traded up $1.71 during trading on Thursday, reaching $206.64. The company had a trading volume of 839,021 shares, compared to its average volume of 1,605,045. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The Allstate Co. has a twelve month low of $156.66 and a twelve month high of $212.91. The stock has a 50-day moving average price of $199.46 and a two-hundred day moving average price of $196.62. The stock has a market capitalization of $54.72 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.01 and a beta of 0.32.

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

Allstate announced that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 9th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.94%. Allstate's dividend payout ratio (DPR) is presently 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.