Barrow Hanley Mewhinney & Strauss LLC Sells 138,882 Shares of The Allstate Co. (NYSE:ALL)

Barrow Hanley Mewhinney & Strauss LLC reduced its position in The Allstate Co. (NYSE:ALL - Free Report) by 16.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 719,511 shares of the insurance provider's stock after selling 138,882 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.27% of Allstate worth $138,715,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new stake in shares of Allstate during the 4th quarter valued at approximately $25,000. Twin Tree Management LP purchased a new stake in shares of Allstate during the fourth quarter worth $27,000. Vision Financial Markets LLC bought a new position in shares of Allstate in the fourth quarter worth $29,000. Hopwood Financial Services Inc. purchased a new position in shares of Allstate in the fourth quarter valued at $29,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Allstate during the 4th quarter valued at $29,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ALL. JPMorgan Chase & Co. raised their target price on Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods increased their price target on shares of Allstate from $228.00 to $235.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Raymond James reaffirmed a "strong-buy" rating and set a $250.00 price objective (up previously from $240.00) on shares of Allstate in a research note on Monday, May 5th. Argus raised shares of Allstate from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. Finally, Barclays lowered their price target on Allstate from $183.00 to $172.00 and set an "underweight" rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $225.20.

Allstate Price Performance

Shares of ALL stock traded down $1.45 during trading hours on Wednesday, hitting $205.80. 349,227 shares of the company's stock were exchanged, compared to its average volume of 1,605,258. The company has a market capitalization of $54.50 billion, a PE ratio of 12.11, a PEG ratio of 1.01 and a beta of 0.32. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The Allstate Co. has a 12-month low of $156.66 and a 12-month high of $212.91. The business's 50 day simple moving average is $199.50 and its 200-day simple moving average is $196.56.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.45). The business had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $16.41 billion. Allstate had a net margin of 7.28% and a return on equity of 28.20%. Allstate's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $5.13 EPS. On average, equities research analysts anticipate that The Allstate Co. will post 18.74 earnings per share for the current year.

Allstate announced that its board has authorized a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the insurance provider to buy up to 3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Allstate 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.