Landscape Capital Management L.L.C. Increases Stake in The Allstate Corporation $ALL

Landscape Capital Management L.L.C. boosted its holdings in shares of The Allstate Corporation (NYSE:ALL) by 17.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,354 shares of the insurance provider’s stock after buying an additional 4,401 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Allstate were worth $6,515,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in Allstate by 60.2% in the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after purchasing an additional 2,443 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Allstate in the 4th quarter valued at about $231,000. AE Wealth Management LLC boosted its stake in shares of Allstate by 20.8% in the 2nd quarter. AE Wealth Management LLC now owns 4,288 shares of the insurance provider’s stock valued at $863,000 after buying an additional 739 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Allstate during the second quarter worth about $640,000. Finally, Vise Technologies Inc. acquired a new position in shares of Allstate during the second quarter worth about $1,225,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Buying and Selling

In other Allstate news, insider Suren Gupta sold 19,593 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the sale, the insider owned 100,646 shares in the company, valued at approximately $21,135,660. The trade was a 16.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Allstate Stock Up 1.2%

ALL stock traded up $2.48 during midday trading on Friday, reaching $207.51. 77,456 shares of the company were exchanged, compared to its average volume of 1,743,108. The company has a market cap of $53.86 billion, a price-to-earnings ratio of 5.42, a price-to-earnings-growth ratio of 0.43 and a beta of 0.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $216.75. The stock’s 50-day simple moving average is $204.47 and its 200 day simple moving average is $204.66.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, topping the consensus estimate of $8.72 by $5.59. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The firm had revenue of $17.35 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same period last year, the business earned $7.67 EPS. Allstate’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be paid a dividend of $1.08 per share. The ex-dividend date is Monday, March 2nd. This represents a $4.32 dividend on an annualized basis and a yield of 2.1%. This is a boost from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio (DPR) is 11.31%.

Wall Street Analysts Forecast Growth

ALL has been the topic of several analyst reports. Roth Mkm raised their target price on shares of Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Zacks Research upgraded shares of Allstate from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. William Blair downgraded shares of Allstate from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 18th. TD Cowen lowered shares of Allstate from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $215.00 target price (down from $245.00) on shares of Allstate in a research note on Tuesday, December 16th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $238.88.

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.