Arrowstreet Capital Limited Partnership Has $74.70 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Arrowstreet Capital Limited Partnership trimmed its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 32.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 387,491 shares of the insurance provider's stock after selling 189,501 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.15% of Allstate worth $74,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new stake in Allstate in the 4th quarter valued at approximately $25,000. FSA Wealth Management LLC acquired a new stake in shares of Allstate in the third quarter valued at approximately $26,000. Twin Tree Management LP bought a new stake in shares of Allstate in the fourth quarter worth $27,000. Vision Financial Markets LLC acquired a new position in Allstate during the fourth quarter worth $29,000. Finally, Hopwood Financial Services Inc. bought a new position in Allstate in the fourth quarter valued at $29,000. 76.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ALL. Argus upgraded Allstate from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Wells Fargo & Company boosted their target price on shares of Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. StockNews.com lowered shares of Allstate from a "buy" rating to a "hold" rating in a research report on Monday. Evercore ISI raised shares of Allstate from an "in-line" rating to an "outperform" rating in a research report on Wednesday, January 8th. Finally, Barclays dropped their target price on shares of Allstate from $187.00 to $183.00 and set an "underweight" rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Allstate currently has an average rating of "Moderate Buy" and an average target price of $219.80.

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Insiders Place Their Bets

In other news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company's stock.

Allstate Price Performance

NYSE ALL traded down $0.06 during midday trading on Thursday, hitting $205.37. The company had a trading volume of 2,010,709 shares, compared to its average volume of 1,577,204. The firm has a 50-day moving average price of $196.94 and a 200-day moving average price of $194.28. The company has a market capitalization of $54.43 billion, a PE ratio of 12.09, a P/E/G ratio of 1.01 and a beta of 0.47. 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 twelve month low of $156.66 and a twelve month high of $212.91.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, beating analysts' consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. As a group, analysts anticipate that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a dividend of $1.00 per share. This is an increase from Allstate's previous quarterly dividend of $0.92. This represents a $4.00 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Monday, March 10th. Allstate's payout ratio is currently 23.54%.

Allstate declared that its Board of Directors has approved 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors 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.