The Allstate Co. (NYSE:ALL) Position Lifted by F&V Capital Management LLC

F&V Capital Management LLC raised its stake in The Allstate Co. (NYSE:ALL) by 1.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,909 shares of the insurance provider’s stock after buying an additional 1,045 shares during the period. Allstate comprises 4.2% of F&V Capital Management LLC’s holdings, making the stock its 10th biggest holding. F&V Capital Management LLC’s holdings in Allstate were worth $14,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in ALL. Private Wealth Management Group LLC bought a new position in Allstate in the fourth quarter worth approximately $25,000. Rise Advisors LLC bought a new position in shares of Allstate during the 1st quarter worth $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Allstate during the first quarter valued at $26,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Allstate in the fourth quarter valued at about $36,000. Finally, Venturi Wealth Management LLC lifted its stake in Allstate by 152.7% in the fourth quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 168 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Allstate Stock Performance

Allstate stock traded down $3.13 during trading hours on Wednesday, hitting $158.21. 1,196,883 shares of the stock traded hands, compared to its average volume of 1,598,354. The firm’s 50 day moving average price is $166.41 and its 200-day moving average price is $159.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market capitalization of $41.75 billion, a price-to-earnings ratio of 34.96, a P/E/G ratio of 1.90 and a beta of 0.50. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $177.37.

Allstate (NYSE:ALL) last issued its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, beating analysts’ consensus estimates of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The firm had revenue of $15.26 billion for the quarter, compared to analyst estimates of $12.76 billion. During the same quarter in the prior year, the firm earned ($1.30) earnings per share. Allstate’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities analysts expect that The Allstate Co. will post 12.15 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, May 31st will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.68 annualized dividend and a dividend yield of 2.33%. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

Analyst Ratings Changes

A number of research analysts have commented on ALL shares. Morgan Stanley raised their target price on shares of Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Roth Mkm upped their target price on Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Wells Fargo & Company lifted their price target on Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a report on Friday, May 10th. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 3rd. Finally, HSBC raised Allstate from a “hold” rating to a “buy” rating and raised their price objective for the company from $158.00 to $190.00 in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.88.

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.