The Allstate Corporation (NYSE:ALL) Shares Sold by Poplar Forest Capital LLC

Poplar Forest Capital LLC lowered its stake in The Allstate Corporation (NYSE:ALL - Free Report) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,777 shares of the insurance provider's stock after selling 3,612 shares during the period. Allstate accounts for 5.4% of Poplar Forest Capital LLC's holdings, making the stock its 4th largest holding. Poplar Forest Capital LLC owned approximately 0.05% of Allstate worth $30,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Allstate by 2.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,334,926 shares of the insurance provider's stock worth $1,799,681,000 after purchasing an additional 218,771 shares during the period. Bank of America Corp DE boosted its holdings in Allstate by 157.9% during the 4th quarter. Bank of America Corp DE now owns 6,591,138 shares of the insurance provider's stock worth $1,270,705,000 after acquiring an additional 4,035,629 shares during the last quarter. Geode Capital Management LLC grew its position in Allstate by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 6,419,728 shares of the insurance provider's stock valued at $1,236,060,000 after buying an additional 191,147 shares during the period. GQG Partners LLC raised its position in Allstate by 64.1% in the fourth quarter. GQG Partners LLC now owns 4,316,516 shares of the insurance provider's stock worth $832,181,000 after acquiring an additional 1,685,694 shares during the period. Finally, Invesco Ltd. raised its stake in Allstate by 3.0% in the 4th quarter. Invesco Ltd. now owns 3,681,306 shares of the insurance provider's stock valued at $709,719,000 after acquiring an additional 106,730 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Allstate Stock Up 1.0%

Shares of Allstate stock traded up $1.91 on Friday, reaching $195.85. 1,370,899 shares of the company were exchanged, compared to its average volume of 1,562,177. The stock's 50 day moving average price is $199.34 and its 200-day moving average price is $196.88. The company has a market cap of $51.86 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 1.00 and a beta of 0.33. The Allstate Corporation has a 1-year low of $166.46 and a 1-year high of $213.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.40 and a quick ratio of 0.40.

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 analysts' consensus estimates of $3.98 by ($0.45). Allstate had a net margin of 6.19% and a return on equity of 24.62%. The business had revenue of $14.30 billion during the quarter, compared to analyst estimates of $16.41 billion. During the same period last year, the business posted $5.13 EPS. Allstate's revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, August 29th will be paid a $1.00 dividend. The ex-dividend date is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a yield of 2.04%. Allstate's payout ratio is 27.32%.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of research analyst reports. William Blair initiated coverage on Allstate in a research note on Friday, June 6th. They issued a "sector outperform" rating on the stock. BMO Capital Markets reiterated an "outperform" rating on shares of Allstate in a report on Friday, May 16th. Keefe, Bruyette & Woods boosted their price target on shares of Allstate from $235.00 to $237.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Morgan Stanley lifted their price target on shares of Allstate from $225.00 to $235.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Finally, Barclays upped their target price on shares of Allstate from $172.00 to $188.00 and gave the company an "underweight" rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $227.07.

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.