The Allstate Corporation $ALL Shares Bought by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in The Allstate Corporation (NYSE:ALL) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,697 shares of the insurance provider’s stock after acquiring an additional 72 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Allstate were worth $342,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Allstate by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock worth $2,424,710,000 after buying an additional 2,374,684 shares in the last quarter. Boston Partners grew its stake in Allstate by 613.9% in the 1st quarter. Boston Partners now owns 2,482,654 shares of the insurance provider’s stock valued at $512,627,000 after acquiring an additional 2,134,893 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Allstate by 27.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider’s stock valued at $482,073,000 after acquiring an additional 497,982 shares in the last quarter. Strs Ohio acquired a new position in Allstate during the first quarter worth about $84,408,000. Finally, AQR Capital Management LLC raised its position in Allstate by 20.3% during the first quarter. AQR Capital Management LLC now owns 2,018,403 shares of the insurance provider’s stock worth $417,244,000 after acquiring an additional 340,150 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Price Performance

ALL stock opened at $212.76 on Monday. The stock has a market capitalization of $56.06 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 0.84 and a beta of 0.37. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $214.76. The stock’s fifty day simple moving average is $203.12 and its 200-day simple moving average is $200.83.

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

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 annualized dividend and a dividend yield of 1.9%. Allstate’s dividend payout ratio (DPR) is currently 18.81%.

Analysts Set New Price Targets

ALL has been the topic of several research reports. Wall Street Zen upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Barclays reaffirmed an “underweight” rating and issued a $198.00 target price (up previously from $188.00) on shares of Allstate in a research note on Thursday, July 31st. Raymond James Financial reissued a “strong-buy” rating and set a $260.00 price target (up previously from $250.00) on shares of Allstate in a research report on Monday, August 4th. Jefferies Financial Group boosted their price target on Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Finally, UBS Group upped their price objective on Allstate from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.