Allstate Corp (ALL) Shares Bought by TD Asset Management Inc.

TD Asset Management Inc. boosted its holdings in shares of Allstate Corp (NYSE:ALL) by 8.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 160,100 shares of the insurance provider’s stock after buying an additional 12,274 shares during the quarter. TD Asset Management Inc.’s holdings in Allstate were worth $14,612,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Tdam USA Inc. increased its stake in shares of Allstate by 14.4% during the second quarter. Tdam USA Inc. now owns 4,895 shares of the insurance provider’s stock worth $447,000 after buying an additional 616 shares during the period. Bradley Foster & Sargent Inc. CT acquired a new position in Allstate in the second quarter valued at approximately $208,000. Baltimore Washington Financial Advisors Inc. boosted its holdings in Allstate by 2.9% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 72,767 shares of the insurance provider’s stock valued at $6,641,000 after purchasing an additional 2,070 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Allstate by 9.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 379,768 shares of the insurance provider’s stock valued at $34,662,000 after purchasing an additional 32,096 shares in the last quarter. Finally, Aperio Group LLC boosted its holdings in Allstate by 4.8% in the second quarter. Aperio Group LLC now owns 477,006 shares of the insurance provider’s stock valued at $43,536,000 after purchasing an additional 21,981 shares in the last quarter. 76.24% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on ALL shares. Citigroup lowered their price target on Allstate from $108.00 to $107.00 and set a “buy” rating for the company in a report on Friday, July 20th. Argus increased their price objective on Allstate from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 9th. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Monday, May 7th. Credit Suisse Group decreased their price objective on Allstate from $114.00 to $112.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Allstate in a report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $103.92.

In related news, insider Glenn T. Shapiro sold 21,728 shares of Allstate stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $98.70, for a total transaction of $2,144,553.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Susan L. Lees sold 22,189 shares of Allstate stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $99.24, for a total value of $2,202,036.36. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Shares of ALL stock traded up $0.54 during mid-day trading on Friday, reaching $100.57. The stock had a trading volume of 1,480,300 shares, compared to its average volume of 2,142,919. The stock has a market cap of $34.75 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.28 and a beta of 0.94. Allstate Corp has a 12-month low of $85.59 and a 12-month high of $105.36. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.31.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.45. The firm had revenue of $8.46 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Allstate had a return on equity of 15.21% and a net margin of 9.06%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 EPS. sell-side analysts anticipate that Allstate Corp will post 9.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, August 31st will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, August 30th. Allstate’s dividend payout ratio is presently 27.42%.

Allstate Profile

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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