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

F&V Capital Management LLC increased its stake in The Allstate Co. (NYSE:ALL) by 1.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,909 shares of the insurance provider’s stock after acquiring an additional 1,045 shares during the period. Allstate makes up about 4.2% of F&V Capital Management LLC’s holdings, making the stock its 10th largest 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.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Allstate by 11.5% in the 3rd quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock valued at $3,595,266,000 after purchasing an additional 3,322,673 shares in the last quarter. Norges Bank purchased a new position in Allstate in the fourth quarter worth approximately $212,771,000. Palestra Capital Management LLC acquired a new position in Allstate during the 4th quarter worth approximately $83,561,000. Balyasny Asset Management L.P. purchased a new stake in shares of Allstate in the 4th quarter valued at approximately $81,571,000. Finally, Morgan Stanley raised its holdings in shares of Allstate by 16.9% in the 3rd quarter. Morgan Stanley now owns 3,701,607 shares of the insurance provider’s stock valued at $412,396,000 after purchasing an additional 536,137 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on ALL shares. Piper Sandler increased their target price on Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Wells Fargo & Company raised their target price on Allstate from $146.00 to $153.00 and gave the stock an “underweight” rating in a research report on Friday, May 10th. The Goldman Sachs Group upped their price target on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a report on Monday, March 25th. JPMorgan Chase & Co. increased their price target on shares of Allstate from $185.00 to $193.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, StockNews.com downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 3rd. One 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. According to data from MarketBeat, Allstate has an average rating of “Moderate Buy” and an average price target of $174.88.

Allstate Stock Performance

Shares of Allstate stock traded down $3.13 during trading hours on Wednesday, hitting $158.21. 1,196,883 shares of the company were exchanged, compared to its average volume of 1,598,354. The business has a 50-day moving average of $166.41 and a 200-day moving average of $159.86. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $177.37. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. 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.

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

Allstate Announces Dividend

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

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.