Boston Partners Sells 599,036 Shares of The Allstate Corporation $ALL

Boston Partners lowered its stake in shares of The Allstate Corporation (NYSE:ALL) by 19.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,451,744 shares of the insurance provider’s stock after selling 599,036 shares during the period. Boston Partners’ holdings in Allstate were worth $509,369,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. State Street Corp raised its holdings in Allstate by 0.7% during the 3rd quarter. State Street Corp now owns 11,859,517 shares of the insurance provider’s stock valued at $2,557,362,000 after acquiring an additional 85,468 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Allstate by 29.2% during the fourth quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock worth $1,042,321,000 after purchasing an additional 1,131,172 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Allstate by 3.3% during the second quarter. Raymond James Financial Inc. now owns 2,793,645 shares of the insurance provider’s stock worth $562,388,000 after purchasing an additional 88,620 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Allstate by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,650,356 shares of the insurance provider’s stock worth $551,682,000 after buying an additional 43,905 shares during the period. Finally, Norges Bank bought a new position in shares of Allstate during the fourth quarter valued at approximately $531,294,000. Institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ALL shares. Weiss Ratings raised shares of Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, March 23rd. Barclays lifted their price target on shares of Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a report on Wednesday, April 8th. Citigroup boosted their target price on shares of Allstate from $221.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Keefe, Bruyette & Woods downgraded shares of Allstate from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $266.00 to $242.00 in a research note on Monday, June 8th. Finally, Wall Street Zen cut shares of Allstate from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and an average price target of $240.33.

Allstate Price Performance

Shares of ALL opened at $221.58 on Friday. The Allstate Corporation has a fifty-two week low of $188.08 and a fifty-two week high of $227.62. The firm’s 50 day moving average price is $214.68 and its 200 day moving average price is $208.94. The company has a market cap of $57.04 billion, a P/E ratio of 4.89, a PEG ratio of 0.39 and a beta of 0.18. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The company had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same period in the prior year, the firm posted $3.53 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, research analysts forecast that The Allstate Corporation will post 29.43 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. Allstate’s dividend payout ratio (DPR) is presently 9.53%.

Insider Transactions at Allstate

In other news, Director Andrea Redmond sold 2,225 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $202.91, for a total value of $451,474.75. Following the completion of the sale, the director owned 2,225 shares in the company, valued at approximately $451,474.75. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Q. Prindiville sold 1,550 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $216.27, for a total transaction of $335,218.50. Following the completion of the sale, the insider owned 27,558 shares of the company’s stock, valued at $5,959,968.66. This trade represents a 5.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 22,353 shares of company stock worth $4,851,560. Company insiders own 1.55% of the company’s stock.

Allstate Profile

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.