Schroder Investment Management Group Has $12.23 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Schroder Investment Management Group increased its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 45.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,410 shares of the insurance provider's stock after acquiring an additional 19,947 shares during the quarter. Schroder Investment Management Group's holdings in Allstate were worth $12,225,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Allstate by 5.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider's stock worth $109,605,000 after buying an additional 28,584 shares during the period. Ameritas Advisory Services LLC increased its stake in Allstate by 117.3% during the 4th quarter. Ameritas Advisory Services LLC now owns 4,896 shares of the insurance provider's stock worth $944,000 after purchasing an additional 2,643 shares in the last quarter. Hennessy Advisors Inc. raised its holdings in Allstate by 6.9% during the 4th quarter. Hennessy Advisors Inc. now owns 58,600 shares of the insurance provider's stock worth $11,297,000 after buying an additional 3,800 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Allstate by 10.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 508,664 shares of the insurance provider's stock worth $98,065,000 after acquiring an additional 48,382 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its position in Allstate by 33.3% in the 4th quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider's stock valued at $77,413,000 after acquiring an additional 100,311 shares in the last quarter. Institutional investors own 76.47% of the company's stock.

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Insider Buying and Selling

In related news, CFO Jesse E. Merten sold 40,102 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the sale, the chief financial officer now owns 18,115 shares in the company, valued at $3,378,990.95. The trade was a 68.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by corporate insiders.

Allstate Price Performance

NYSE ALL traded down $18.58 during midday trading on Friday, hitting $186.74. The company had a trading volume of 3,351,598 shares, compared to its average volume of 1,590,545. The company has a market capitalization of $49.49 billion, a PE ratio of 10.99, a P/E/G ratio of 1.01 and a beta of 0.47. The firm has a 50-day moving average price of $197.37 and a 200-day moving average price of $194.35. The Allstate Co. has a twelve month low of $156.66 and a twelve month high of $212.91. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42.

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

Allstate declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the insurance provider to buy up to 3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a dividend of $1.00 per share. This is an increase from Allstate's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.00 annualized dividend and a yield of 2.14%. Allstate's payout ratio is presently 23.54%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ALL shares. Keefe, Bruyette & Woods boosted their price target on Allstate from $235.00 to $240.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Wells Fargo & Company lifted their price objective on shares of Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. StockNews.com downgraded shares of Allstate from a "buy" rating to a "hold" rating in a research note on Monday, March 31st. Barclays reduced their price target on Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a research report on Monday, January 6th. Finally, Argus upgraded shares of Allstate from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $219.80.

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.