The Allstate Corporation $ALL Shares Bought by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. increased its stake in The Allstate Corporation by 169.4%, now owning 19,907 shares valued at approximately $4.12 million.
• Allstate's latest earnings report showed an EPS of $5.94, significantly exceeding analyst estimates of $3.20, with a revenue of $15.05 billion for the quarter.
• The company declared a quarterly dividend of $1.00 per share, contributing to an annualized yield of 2.0%, with a payout ratio of 18.81%.

Landscape Capital Management L.L.C. lifted its stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 169.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,907 shares of the insurance provider's stock after purchasing an additional 12,517 shares during the period. Landscape Capital Management L.L.C.'s holdings in Allstate were worth $4,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Hughes Financial Services LLC purchased a new stake in shares of Allstate during the first quarter worth about $28,000. Kapitalo Investimentos Ltda purchased a new stake in Allstate during the 4th quarter valued at about $29,000. Meeder Asset Management Inc. grew its stake in Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock valued at $39,000 after acquiring an additional 99 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in Allstate during the 1st quarter valued at about $43,000. Finally, Mattson Financial Services LLC purchased a new stake in Allstate during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 76.47% of the company's stock.

Analyst Upgrades and Downgrades

ALL has been the subject of several research reports. Raymond James Financial reaffirmed a "strong-buy" rating and set a $260.00 price objective (up previously from $250.00) on shares of Allstate in a research note on Monday, August 4th. Wells Fargo & Company set a $202.00 price objective on shares of Allstate and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. William Blair assumed coverage on shares of Allstate in a research note on Friday, June 6th. They set a "sector outperform" rating for the company. Morgan Stanley increased their price target on shares of Allstate from $235.00 to $245.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Citigroup raised shares of Allstate to a "hold" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $230.73.

Allstate Trading Down 0.1%

Shares of ALL stock traded down $0.13 during trading hours on Monday, hitting $203.63. The company had a trading volume of 993,048 shares, compared to its average volume of 1,240,477. The company's fifty day moving average is $199.81 and its 200 day moving average is $199.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $214.76. The stock has a market capitalization of $53.66 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.82 and a beta of 0.37.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, topping the consensus estimate of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The firm had revenue of $15.05 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same period in the prior year, the business posted $1.61 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. Research analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, August 29th. Allstate's dividend payout ratio is currently 18.81%.

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.