The Allstate Corporation $ALL Shares Bought by Trust Co. of Vermont

Trust Co. of Vermont boosted its stake in shares of The Allstate Corporation (NYSE:ALL) by 0.6% in the second quarter, HoldingsChannel.com reports. The fund owned 24,961 shares of the insurance provider’s stock after purchasing an additional 159 shares during the period. Trust Co. of Vermont’s holdings in Allstate were worth $5,025,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Arlington Trust Co LLC raised its position in Allstate by 261.8% during the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 89 shares during the period. Hughes Financial Services LLC purchased a new stake in shares of Allstate during the first quarter worth $28,000. Meeder Asset Management Inc. grew its holdings in shares of Allstate by 113.8% during the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock worth $39,000 after buying an additional 99 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Allstate during the first quarter worth $43,000. Finally, 1 North Wealth Services LLC purchased a new stake in shares of Allstate during the first quarter worth $51,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Trading Up 1.5%

Shares of ALL opened at $214.50 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $215.70. The firm has a 50-day moving average price of $203.83 and a 200 day moving average price of $200.95. The firm has a market capitalization of $56.52 billion, a P/E ratio of 10.08, a P/E/G ratio of 0.83 and a beta of 0.37.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The firm had revenue of $15.05 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. Allstate’s quarterly revenue was up 5.8% on a year-over-year basis. Sell-side analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. Allstate’s dividend payout ratio is presently 18.81%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ALL shares. Citigroup raised shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Jefferies Financial Group upped their target price on shares of Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $260.00 target price (up previously from $250.00) on shares of Allstate in a report on Monday, August 4th. Wall Street Zen raised shares of Allstate from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $231.38.

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.