US Bancorp DE Has $21.64 Million Stock Position in The Allstate Corporation $ALL

US Bancorp DE trimmed its position in The Allstate Corporation (NYSE:ALL) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,514 shares of the insurance provider’s stock after selling 1,956 shares during the quarter. US Bancorp DE’s holdings in Allstate were worth $21,644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALL. Arlington Trust Co LLC increased its stake in shares of Allstate by 261.8% in the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 89 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Allstate in the 1st quarter valued at approximately $28,000. Hilltop National Bank acquired a new stake in shares of Allstate in the 2nd quarter valued at approximately $34,000. Meeder Asset Management Inc. raised its position in shares of Allstate by 113.8% in the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 99 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Allstate in the 1st quarter valued at approximately $43,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ALL. Wells Fargo & Company set a $202.00 price target on shares of Allstate and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. increased their price target on shares of Allstate from $235.00 to $254.00 and gave the company an “overweight” rating in a research report on Thursday. Jefferies Financial Group increased their price target on shares of Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Barclays reiterated an “underweight” rating and set a $198.00 price objective (up previously from $188.00) on shares of Allstate in a report on Thursday, July 31st. Finally, Morgan Stanley lifted their price objective on Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.50.

Allstate Trading Down 1.6%

NYSE:ALL opened at $205.59 on Friday. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $215.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $54.18 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 0.80 and a beta of 0.38. The business’s 50-day simple moving average is $206.06 and its 200-day simple moving average is $201.13.

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

Allstate Dividend Announcement

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

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.