Trust Co. of Toledo NA OH Has $1.33 Million Position in The Allstate Corporation $ALL

Trust Co. of Toledo NA OH reduced its stake in shares of The Allstate Corporation (NYSE:ALL) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,597 shares of the insurance provider’s stock after selling 72 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Allstate were worth $1,328,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Arlington Trust Co LLC grew its position 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 purchasing an additional 89 shares during the period. Hughes Financial Services LLC acquired a new position in shares of Allstate in the 1st quarter valued at approximately $28,000. Hilltop National Bank acquired a new position in shares of Allstate in the 2nd quarter valued at approximately $34,000. Meeder Asset Management Inc. grew 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 purchasing an additional 99 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new position 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.

Allstate Price Performance

NYSE:ALL opened at $205.59 on Friday. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $215.70. 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 firm has a fifty day simple moving average of $206.06 and a 200 day simple moving average of $201.13. The stock has a market capitalization of $54.18 billion, a PE ratio of 9.67, a P/E/G ratio of 0.80 and a beta of 0.38.

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

Allstate Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ALL shares. Wells Fargo & Company set a $202.00 price objective on Allstate and gave the company an “equal weight” rating in a research report on Tuesday, August 5th. Wall Street Zen raised Allstate from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Keefe, Bruyette & Woods upped their price target on Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Cantor Fitzgerald raised Allstate to a “hold” rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $234.50.

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.