Cambria Investment Management L.P. Has $1.96 Million Stake in Allstate Corporation (The) (ALL)

Cambria Investment Management L.P. raised its stake in Allstate Corporation (The) (NYSE:ALL) by 2.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 23,988 shares of the insurance provider’s stock after buying an additional 466 shares during the period. Cambria Investment Management L.P.’s holdings in Allstate Corporation (The) were worth $1,955,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ALL. Thrivent Financial for Lutherans boosted its stake in shares of Allstate Corporation (The) by 4.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,471 shares of the insurance provider’s stock valued at $998,000 after buying an additional 630 shares during the last quarter. Norges Bank purchased a new position in Allstate Corporation (The) during the fourth quarter valued at about $19,212,000. Dodge & Cox purchased a new position in Allstate Corporation (The) during the fourth quarter valued at about $281,000. Wealthfront Inc. boosted its position in Allstate Corporation (The) by 3.1% in the fourth quarter. Wealthfront Inc. now owns 14,398 shares of the insurance provider’s stock valued at $1,067,000 after buying an additional 430 shares in the last quarter. Finally, RMB Capital Management LLC boosted its position in Allstate Corporation (The) by 110.2% in the fourth quarter. RMB Capital Management LLC now owns 16,066 shares of the insurance provider’s stock valued at $1,191,000 after buying an additional 174,066 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Shares of Allstate Corporation (NYSE ALL) opened at 89.68 on Friday. The firm has a market cap of $32.69 billion, a price-to-earnings ratio of 15.21 and a beta of 1.10. The stock’s 50 day moving average price is $88.75 and its 200-day moving average price is $82.91. Allstate Corporation has a 52-week low of $66.55 and a 52-week high of $90.74.

Allstate Corporation (The) (NYSE:ALL) last released its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.60. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.36 billion. Allstate Corporation (The) had a return on equity of 11.45% and a net margin of 6.27%. On average, analysts forecast that Allstate Corporation will post $5.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Thursday, August 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, August 29th. Allstate Corporation (The)’s dividend payout ratio is 25.00%.

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Several equities analysts recently issued reports on ALL shares. FBR & Co raised their price target on Allstate Corporation (The) from $70.00 to $82.00 and gave the company a “mkt perform” rating in a report on Monday, April 3rd. Citigroup Inc. raised their price target on Allstate Corporation (The) from $88.00 to $94.00 and gave the company a “buy” rating in a report on Friday, April 7th. Macquarie cut Allstate Corporation (The) from an “outperform” rating to a “neutral” rating and raised their price target for the company from $78.00 to $81.00 in a report on Tuesday, April 18th. They noted that the move was a valuation call. Zacks Investment Research cut Allstate Corporation (The) from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. Allstate Corporation (The) currently has a consensus rating of “Buy” and an average price target of $87.67.

In other news, VP Samuel H. Pilch sold 8,582 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $83.88, for a total value of $719,858.16. Following the transaction, the vice president now directly owns 35,875 shares of the company’s stock, valued at approximately $3,009,195. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sanjay Gupta sold 16,798 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $86.00, for a total value of $1,444,628.00. Following the completion of the transaction, the insider now directly owns 65,798 shares in the company, valued at $5,658,628. The disclosure for this sale can be found here. Insiders sold a total of 179,259 shares of company stock worth $15,695,746 over the last three months. 1.58% of the stock is owned by company insiders.

Allstate Corporation (The) Company Profile

The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.

Institutional Ownership by Quarter for Allstate Corporation (The) (NYSE:ALL)

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