FJ Capital Management LLC Has $2.55 Million Position in The Allstate Co. (NYSE:ALL)

FJ Capital Management LLC cut its position in The Allstate Co. (NYSE:ALL - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,220 shares of the insurance provider's stock after selling 2,065 shares during the period. FJ Capital Management LLC's holdings in Allstate were worth $2,549,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ALL shares. Wells Fargo & Company reduced their target price on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. JPMorgan Chase & Co. upped their target price on shares of Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. StockNews.com upgraded shares of Allstate from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Argus upgraded shares of Allstate from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, Barclays reduced their target price on shares of Allstate from $183.00 to $172.00 and set an "underweight" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Allstate has a consensus rating of "Moderate Buy" and an average price target of $225.20.

Insider Activity

In other news, CFO Jesse E. Merten sold 40,102 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of the transaction, the chief financial officer now owns 18,115 shares in the company, valued at $3,378,990.95. This represents a 68.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.80% of the company's stock.

Allstate Trading Down 0.0%

NYSE:ALL traded down $0.05 during trading hours on Friday, hitting $202.57. The stock had a trading volume of 707,236 shares, compared to its average volume of 1,616,559. The Allstate Co. has a one year low of $156.66 and a one year high of $212.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The company has a market cap of $53.64 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 1.01 and a beta of 0.32. The business's 50 day moving average is $199.06 and its 200-day moving average is $195.19.

Allstate (NYSE:ALL - Get Free Report) last issued 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). Allstate had a net margin of 7.28% and a return on equity of 28.20%. The firm had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $16.41 billion. During the same period in the previous year, the company posted $5.13 EPS. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts anticipate that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.97%. The ex-dividend date was Monday, March 10th. This is an increase from Allstate's previous quarterly dividend of $0.92. Allstate's dividend payout ratio is presently 27.32%.

Allstate declared that its board has authorized a stock buyback 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

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.