Fieldview Capital Management LLC Buys New Position in The Allstate Corporation $ALL

Fieldview Capital Management LLC purchased a new stake in The Allstate Corporation (NYSE:ALL) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,371 shares of the insurance provider’s stock, valued at approximately $2,441,000.

Several other institutional investors have also added to or reduced their stakes in ALL. Schroder Investment Management Group grew its stake in shares of Allstate by 42.3% during the third quarter. Schroder Investment Management Group now owns 105,404 shares of the insurance provider’s stock worth $22,625,000 after acquiring an additional 31,351 shares during the last quarter. Diversify Advisory Services LLC raised its position in shares of Allstate by 148.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 2,983 shares of the insurance provider’s stock valued at $640,000 after purchasing an additional 1,781 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Allstate in the 3rd quarter worth approximately $829,000. B. Metzler seel. Sohn & Co. AG grew its position in Allstate by 28.9% during the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 50,408 shares of the insurance provider’s stock worth $10,820,000 after purchasing an additional 11,297 shares during the last quarter. Finally, Rathbones Group PLC grew its position in Allstate by 2.3% during the 3rd quarter. Rathbones Group PLC now owns 3,954 shares of the insurance provider’s stock worth $849,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ALL. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a report on Wednesday, January 21st. Raymond James Financial reissued a “strong-buy” rating and set a $260.00 price objective on shares of Allstate in a report on Tuesday, March 3rd. Zacks Research raised Allstate from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. TD Cowen lowered Allstate from a “buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Keefe, Bruyette & Woods lifted their price target on Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has assigned 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 $238.88.

Insider Buying and Selling at Allstate

In other Allstate news, insider Suren Gupta sold 19,593 shares of Allstate stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the completion of the transaction, the insider owned 100,646 shares in the company, valued at approximately $21,135,660. This trade represents a 16.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Allstate Stock Performance

Shares of NYSE ALL opened at $212.56 on Monday. The company has a 50 day simple moving average of $204.65 and a two-hundred day simple moving average of $204.63. The stock has a market cap of $55.17 billion, a price-to-earnings ratio of 5.57, a PEG ratio of 0.44 and a beta of 0.23. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $216.75.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The firm had revenue of $17.35 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the prior year, the business earned $7.67 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $4.32 annualized dividend and a yield of 2.0%. This is an increase from Allstate’s previous quarterly dividend of $1.00. Allstate’s payout ratio is 11.31%.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.