The Allstate Co. (NYSE:ALL) Position Cut by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH reduced its stake in shares of The Allstate Co. (NYSE:ALL - Free Report) by 20.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,669 shares of the insurance provider's stock after selling 1,748 shares during the period. Trust Co. of Toledo NA OH's holdings in Allstate were worth $1,381,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. D Orazio & Associates Inc. purchased a new position in Allstate during the first quarter worth about $220,000. Brighton Jones LLC raised its holdings in shares of Allstate by 2.2% in the 1st quarter. Brighton Jones LLC now owns 6,646 shares of the insurance provider's stock worth $1,376,000 after purchasing an additional 146 shares during the period. Morey & Quinn Wealth Partners LLC lifted its stake in shares of Allstate by 0.8% in the 1st quarter. Morey & Quinn Wealth Partners LLC now owns 10,222 shares of the insurance provider's stock valued at $2,117,000 after purchasing an additional 84 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in Allstate by 2.6% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 3,941 shares of the insurance provider's stock worth $816,000 after purchasing an additional 99 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Allstate by 191.0% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 254,247 shares of the insurance provider's stock valued at $52,647,000 after buying an additional 166,870 shares during the period. Hedge funds and other institutional investors own 76.47% of the company's stock.

Allstate Stock Down 0.9%

NYSE ALL traded down $1.71 on Friday, hitting $198.61. 1,330,201 shares of the stock traded hands, compared to its average volume of 1,615,242. The company has a market capitalization of $52.60 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.01 and a beta of 0.35. The stock has a 50-day moving average of $200.21 and a 200 day moving average of $196.94. 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 $213.18.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing analysts' consensus estimates 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 period in the prior year, the company earned $5.13 EPS. Allstate's quarterly revenue was up 7.8% on a year-over-year basis. As a group, analysts expect that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate declared that its board has approved a stock repurchase program on Wednesday, February 26th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the insurance provider to buy up to 3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 9th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Monday, June 9th. Allstate's dividend payout ratio (DPR) is 27.32%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ALL shares. JPMorgan Chase & Co. boosted their price objective on shares of Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Argus raised shares of Allstate from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. William Blair began coverage on Allstate in a report on Friday, June 6th. They issued a "sector outperform" rating for the company. BMO Capital Markets restated an "outperform" rating on shares of Allstate in a research note on Friday, May 16th. Finally, Keefe, Bruyette & Woods increased their target price on Allstate from $228.00 to $235.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Allstate has a consensus rating of "Moderate Buy" and a consensus price target of $225.20.

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.