The Allstate Corporation (NYSE:ALL) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in The Allstate Corporation (NYSE:ALL) by 13.1% during the first quarter, HoldingsChannel reports. The fund owned 418,744 shares of the insurance provider’s stock after purchasing an additional 48,495 shares during the quarter. Victory Capital Management Inc.’s holdings in Allstate were worth $86,709,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bridgewater Advisors Inc. bought a new position in Allstate in the 1st quarter valued at about $407,000. Larson Financial Group LLC boosted its stake in Allstate by 7.8% in the first quarter. Larson Financial Group LLC now owns 1,820 shares of the insurance provider’s stock valued at $377,000 after acquiring an additional 132 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in Allstate by 3.9% during the 1st quarter. Wealthfront Advisers LLC now owns 39,131 shares of the insurance provider’s stock worth $8,103,000 after acquiring an additional 1,475 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Allstate by 10.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,224 shares of the insurance provider’s stock valued at $1,496,000 after purchasing an additional 668 shares in the last quarter. Finally, Dakota Wealth Management lifted its position in Allstate by 5.9% during the 1st quarter. Dakota Wealth Management now owns 12,050 shares of the insurance provider’s stock valued at $2,504,000 after acquiring an additional 668 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ALL. Wells Fargo & Company reduced their price target on Allstate from $200.00 to $197.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Evercore ISI boosted their price target on Allstate from $227.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Allstate in a research note on Friday, May 16th. JPMorgan Chase & Co. increased their price objective on Allstate from $217.00 to $222.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Finally, Wall Street Zen downgraded Allstate from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $227.07.

Allstate Price Performance

Shares of ALL opened at $193.15 on Friday. The firm has a 50-day simple moving average of $200.35 and a two-hundred day simple moving average of $196.66. The Allstate Corporation has a 1-year low of $162.27 and a 1-year high of $213.18. The stock has a market cap of $51.15 billion, a PE ratio of 13.19, a P/E/G ratio of 1.01 and a beta of 0.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.45). The business had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $16.41 billion. Allstate had a net margin of 6.19% and a return on equity of 24.62%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $5.13 earnings per share. As a group, analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.07%. The ex-dividend date is Friday, August 29th. Allstate’s dividend payout ratio (DPR) is currently 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.