Dimensional Fund Advisors LP Sells 411,846 Shares of The Allstate Co. (NYSE:ALL)

Dimensional Fund Advisors LP trimmed its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 18.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,818,296 shares of the insurance provider's stock after selling 411,846 shares during the period. Dimensional Fund Advisors LP owned approximately 0.69% of Allstate worth $254,524,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Allstate by 7.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 92,608 shares of the insurance provider's stock valued at $10,317,000 after acquiring an additional 6,330 shares during the period. Park Avenue Securities LLC bought a new stake in shares of Allstate in the 3rd quarter valued at approximately $444,000. Fifth Third Bancorp raised its holdings in shares of Allstate by 13.8% in the 3rd quarter. Fifth Third Bancorp now owns 20,898 shares of the insurance provider's stock worth $2,328,000 after buying an additional 2,531 shares in the last quarter. IRON Financial LLC lifted its position in shares of Allstate by 13.8% during the 3rd quarter. IRON Financial LLC now owns 6,384 shares of the insurance provider's stock worth $711,000 after buying an additional 774 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in Allstate by 39.7% in the 3rd quarter. Panagora Asset Management Inc. now owns 363,188 shares of the insurance provider's stock valued at $40,463,000 after buying an additional 103,290 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

ALL has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on Allstate from $146.00 to $153.00 and gave the company an "underweight" rating in a report on Friday. Keefe, Bruyette & Woods boosted their price target on shares of Allstate from $181.00 to $189.00 and gave the company an "outperform" rating in a research report on Wednesday, April 10th. Evercore ISI raised their price objective on shares of Allstate from $166.00 to $173.00 and gave the stock an "in-line" rating in a report on Thursday, April 11th. BMO Capital Markets boosted their target price on Allstate from $140.00 to $158.00 and gave the stock a "market perform" rating in a report on Friday, January 19th. Finally, Morgan Stanley raised their price target on Allstate from $187.00 to $190.00 and gave the company an "overweight" rating in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $174.59.

Insider Activity at Allstate

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the transaction, the chief accounting officer now owns 10,736 shares of the company's stock, valued at $1,712,069.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John E. Dugenske sold 31,000 shares of the business's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of the sale, the insider now owns 63,731 shares in the company, valued at $10,847,016.20. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Allstate Trading Down 0.5 %

Shares of NYSE:ALL traded down $0.80 during trading on Tuesday, hitting $169.08. 1,135,092 shares of the company's stock were exchanged, compared to its average volume of 1,649,160. The firm has a 50-day moving average price of $167.50 and a two-hundred day moving average price of $153.23. The Allstate Co. has a 1-year low of $100.57 and a 1-year high of $177.37. The firm has a market cap of $44.62 billion, a P/E ratio of 37.28, a PEG ratio of 0.39 and a beta of 0.51. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48.

Allstate (NYSE:ALL - Get Free Report) last issued its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, beating the consensus estimate of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The company had revenue of $15.26 billion during the quarter, compared to analysts' expectations of $12.76 billion. During the same quarter in the previous year, the company posted ($1.30) EPS. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. Equities analysts predict that The Allstate Co. will post 15 earnings per share for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, May 31st will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Friday, May 31st. Allstate's dividend payout ratio (DPR) is currently 81.24%.

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.