Landscape Capital Management L.L.C. Has $3.81 Million Holdings in The Allstate Corporation $ALL

Landscape Capital Management L.L.C. reduced its position in The Allstate Corporation (NYSE:ALL) by 39.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,313 shares of the insurance provider’s stock after selling 12,041 shares during the period. Landscape Capital Management L.L.C.’s holdings in Allstate were worth $3,812,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ALL. Norges Bank bought a new stake in shares of Allstate in the 4th quarter valued at approximately $531,294,000. GQG Partners LLC grew its stake in shares of Allstate by 36.0% in the 4th quarter. GQG Partners LLC now owns 5,488,560 shares of the insurance provider’s stock valued at $1,142,449,000 after buying an additional 1,452,993 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Allstate by 29.2% in the 4th quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock valued at $1,042,321,000 after buying an additional 1,131,172 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Allstate by 1,766.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 869,139 shares of the insurance provider’s stock valued at $180,911,000 after buying an additional 822,583 shares in the last quarter. Finally, Woodline Partners LP bought a new stake in shares of Allstate in the 3rd quarter valued at approximately $148,641,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Down 0.0%

Shares of ALL stock opened at $221.58 on Monday. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $227.62. The firm has a market cap of $57.04 billion, a PE ratio of 4.89, a price-to-earnings-growth ratio of 0.40 and a beta of 0.19. The stock has a 50 day moving average of $214.68 and a 200-day moving average of $208.92. 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 issued its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. The company had revenue of $16.94 billion during the quarter, compared to analyst estimates of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.53 earnings per share. On average, equities analysts predict that The Allstate Corporation will post 29.43 EPS for the current year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 1st. Allstate’s dividend payout ratio is presently 9.53%.

Analyst Ratings Changes

Several equities research analysts recently commented on ALL shares. Citigroup boosted their price target on Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Keefe, Bruyette & Woods cut Allstate from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $266.00 to $242.00 in a research note on Monday, June 8th. Barclays boosted their price target on Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a research note on Wednesday, April 8th. Raymond James Financial reissued a “strong-buy” rating and issued a $260.00 price target on shares of Allstate in a research note on Tuesday, March 3rd. Finally, Wall Street Zen cut Allstate from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $240.33.

Insider Activity at Allstate

In related news, insider Mark Q. Prindiville sold 1,550 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $216.27, for a total value of $335,218.50. Following the completion of the transaction, the insider directly owned 27,558 shares in the company, valued at approximately $5,959,968.66. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrea Redmond sold 2,225 shares of the company’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 transaction, the director owned 2,225 shares of the company’s stock, valued at $451,474.75. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 22,353 shares of company stock worth $4,851,560. 1.55% of the stock is owned by corporate insiders.

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.