The Allstate Corporation $ALL Shares Acquired by Fieldview Capital Management LLC

Fieldview Capital Management LLC boosted its holdings in shares of The Allstate Corporation (NYSE:ALL) by 66.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,953 shares of the insurance provider’s stock after purchasing an additional 7,582 shares during the period. Fieldview Capital Management LLC’s holdings in Allstate were worth $3,945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fort Point Capital Partners LLC lifted its stake in Allstate by 2.2% during the fourth quarter. Fort Point Capital Partners LLC now owns 3,888 shares of the insurance provider’s stock valued at $760,000 after purchasing an additional 85 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Allstate by 2,223.1% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 242,344 shares of the insurance provider’s stock valued at $50,444,000 after acquiring an additional 231,912 shares in the last quarter. Cornerstone Financial Management LLC purchased a new stake in shares of Allstate in the 4th quarter valued at approximately $32,000. Bollard Group LLC lifted its position in shares of Allstate by 1.0% in the 4th quarter. Bollard Group LLC now owns 20,191 shares of the insurance provider’s stock valued at $4,203,000 after acquiring an additional 199 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Allstate by 21.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 581,119 shares of the insurance provider’s stock valued at $120,960,000 after acquiring an additional 102,085 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Performance

Shares of ALL opened at $221.58 on Friday. The company’s fifty day moving average is $214.68 and its 200-day moving average is $208.94. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $227.62. The firm has a market cap of $57.04 billion, a price-to-earnings ratio of 4.89, a price-to-earnings-growth ratio of 0.40 and a beta of 0.18. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping the consensus estimate of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The company had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. During the same quarter in the prior year, the business posted $3.53 EPS. Allstate’s quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts expect that The Allstate Corporation will post 29.43 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a dividend of $1.08 per share. The ex-dividend date is Monday, June 1st. This represents a $4.32 annualized dividend and a dividend yield of 1.9%. Allstate’s dividend payout ratio is 9.53%.

Analyst Upgrades and Downgrades

ALL has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, March 23rd. The Goldman Sachs Group restated a “neutral” rating and issued a $231.00 price target on shares of Allstate in a research report on Thursday, March 5th. Raymond James Financial reiterated a “strong-buy” rating and issued a $260.00 price objective on shares of Allstate in a research note on Tuesday, March 3rd. Wall Street Zen lowered shares of Allstate from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Barclays upped their price objective on shares of Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a research note on Wednesday, April 8th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.33.

Insider Transactions at Allstate

In other news, insider Mark Q. Prindiville sold 1,550 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $216.27, for a total transaction of $335,218.50. Following the transaction, the insider owned 27,558 shares in the company, valued at $5,959,968.66. This represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mario Rizzo sold 18,578 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the transaction, the chief operating officer owned 82,227 shares in the company, valued at approximately $17,991,267.60. This trade represents a 18.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,353 shares of company stock worth $4,851,560 in the last 90 days. 1.55% of the stock is owned by insiders.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.