The Allstate Co. (NYSE:ALL) Stock Holdings Lessened by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. cut its stake in shares of The Allstate Co. (NYSE:ALL) by 63.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,209 shares of the insurance provider’s stock after selling 9,212 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Allstate were worth $988,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in Allstate in the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC purchased a new stake in Allstate during the third quarter valued at about $29,000. Versant Capital Management Inc boosted its holdings in shares of Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after buying an additional 78 shares during the period. Family Firm Inc. purchased a new stake in shares of Allstate in the 2nd quarter valued at approximately $38,000. Finally, MCF Advisors LLC boosted its stake in Allstate by 33.9% in the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 84 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ALL. Roth Mkm reissued a “buy” rating and set a $200.00 target price on shares of Allstate in a research note on Wednesday, August 14th. Barclays upped their price target on Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Evercore ISI raised their price objective on Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group upped their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Raymond James raised their price target on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and a consensus target price of $214.19.

Insiders Place Their Bets

In related news, insider John E. Dugenske sold 36,367 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the transaction, the insider now directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 57.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.80% of the company’s stock.

Allstate Stock Up 0.2 %

Allstate stock opened at $203.80 on Friday. The company has a market capitalization of $53.97 billion, a P/E ratio of 13.20, a P/E/G ratio of 1.75 and a beta of 0.48. The Allstate Co. has a 1-year low of $134.17 and a 1-year high of $205.35. The firm’s fifty day simple moving average is $191.41 and its 200-day simple moving average is $177.77. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating the consensus estimate of $2.20 by $1.71. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. Sell-side analysts forecast that The Allstate Co. will post 16.01 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be given a dividend of $0.92 per share. The ex-dividend date is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.81%. Allstate’s payout ratio is currently 23.83%.

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.