The Allstate Co. (NYSE:ALL) is Poplar Forest Capital LLC’s 3rd Largest Position

Poplar Forest Capital LLC lessened its stake in shares of The Allstate Co. (NYSE:ALL) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,948 shares of the insurance provider’s stock after selling 1,496 shares during the quarter. Allstate comprises about 5.2% of Poplar Forest Capital LLC’s holdings, making the stock its 3rd biggest holding. Poplar Forest Capital LLC owned 0.08% of Allstate worth $38,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of ALL. BDF Gestion acquired a new position in shares of Allstate in the 2nd quarter valued at $3,051,000. OFI Invest Asset Management acquired a new position in shares of Allstate in the 2nd quarter valued at $476,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Allstate by 12.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 50,383 shares of the insurance provider’s stock valued at $8,717,000 after acquiring an additional 5,586 shares during the period. SG Americas Securities LLC increased its holdings in shares of Allstate by 251.8% in the 1st quarter. SG Americas Securities LLC now owns 53,090 shares of the insurance provider’s stock valued at $9,185,000 after acquiring an additional 38,001 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of Allstate by 351.6% in the 1st quarter. Cetera Investment Advisers now owns 65,221 shares of the insurance provider’s stock valued at $11,284,000 after acquiring an additional 50,780 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ALL shares. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 target price on shares of Allstate in a report on Wednesday, August 14th. Morgan Stanley boosted their price objective on shares of Allstate from $202.00 to $215.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. The Goldman Sachs Group boosted their price objective on shares of Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. BMO Capital Markets boosted their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Allstate from $222.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $209.50.

Insider Buying and Selling

In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, the chief executive officer now directly owns 88,552 shares in the company, valued at approximately $15,880,915.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, the chief executive officer now directly owns 88,552 shares in the company, valued at approximately $15,880,915.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Elizabeth Brady sold 49,481 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the completion of the transaction, the executive vice president now owns 19,163 shares in the company, valued at approximately $3,431,901.67. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 192,530 shares of company stock worth $34,967,665 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Allstate Price Performance

Allstate stock opened at $188.69 on Thursday. The Allstate Co. has a 52 week low of $127.93 and a 52 week high of $198.79. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $188.89 and its 200 day simple moving average is $175.59. The firm has a market capitalization of $49.97 billion, a PE ratio of 12.22, a P/E/G ratio of 1.73 and a beta of 0.48.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period in the previous year, the firm earned $0.81 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities research analysts predict that The Allstate Co. will post 15.23 EPS for the current fiscal year.

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.