The Allstate Co. (NYSE:ALL) is Poplar Forest Capital LLC’s 3rd Largest Position

Poplar Forest Capital LLC decreased its holdings in The Allstate Co. (NYSE:ALL) by 0.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 202,444 shares of the insurance provider’s stock after selling 197 shares during the quarter. Allstate makes up 4.5% of Poplar Forest Capital LLC’s holdings, making the stock its 3rd biggest holding. Poplar Forest Capital LLC’s holdings in Allstate were worth $32,322,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALL. Norges Bank acquired a new position in Allstate during the 4th quarter worth approximately $212,771,000. Palestra Capital Management LLC purchased a new stake in shares of Allstate during the 4th quarter worth approximately $83,561,000. Balyasny Asset Management L.P. purchased a new stake in shares of Allstate during the 4th quarter worth approximately $81,571,000. Artemis Investment Management LLP purchased a new stake in shares of Allstate during the 1st quarter worth approximately $95,764,000. Finally, Acadian Asset Management LLC lifted its position in shares of Allstate by 3,839.0% during the 2nd quarter. Acadian Asset Management LLC now owns 416,117 shares of the insurance provider’s stock worth $66,417,000 after buying an additional 405,553 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays assumed coverage on shares of Allstate in a research report on Wednesday. They set an “underweight” rating and a $175.00 price objective for the company. StockNews.com downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Roth Mkm reiterated a “buy” rating and issued a $200.00 price target on shares of Allstate in a research report on Wednesday, August 14th. BMO Capital Markets upped their price target on shares of Allstate from $191.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Allstate from $193.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $192.76.

Insider Transactions at Allstate

In other news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the transaction, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Elizabeth Brady sold 49,481 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $179.09, for a total value of $8,861,552.29. Following the sale, the executive vice president now directly owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the sale, the chief executive officer now directly owns 88,552 shares in the company, valued at $15,880,915.68. The disclosure for this sale can be found here. Insiders have sold a total of 201,938 shares of company stock valued at $36,122,740 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

Allstate Stock Performance

ALL traded down $0.40 during trading on Friday, hitting $185.36. The stock had a trading volume of 1,687,591 shares, compared to its average volume of 1,573,542. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Co. has a twelve month low of $105.85 and a twelve month high of $191.33. The firm has a market capitalization of $48.92 billion, a P/E ratio of 40.92, a PEG ratio of 1.78 and a beta of 0.48. The company’s 50-day moving average price is $173.77 and its 200 day moving average price is $168.18.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.04 billion. During the same period in the prior year, the company posted ($4.42) EPS. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities research analysts forecast that The Allstate Co. will post 15.14 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be paid a dividend of $0.92 per share. The ex-dividend date is Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.99%. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

Allstate Company 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.