Barrow Hanley Mewhinney & Strauss LLC Sells 118,974 Shares of The Allstate Co. (NYSE:ALL)

Barrow Hanley Mewhinney & Strauss LLC lowered its position in The Allstate Co. (NYSE:ALL) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,909,442 shares of the insurance provider’s stock after selling 118,974 shares during the period. Allstate makes up approximately 1.6% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 25th biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.10% of Allstate worth $464,522,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rise Advisors LLC bought a new stake in shares of Allstate during the 1st quarter worth approximately $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Allstate during the first quarter worth $26,000. Versant Capital Management Inc lifted its position in shares of Allstate by 70.9% during the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 78 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of Allstate during the second quarter valued at $38,000. Finally, MCF Advisors LLC grew its holdings in shares of Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 0.2 %

Shares of Allstate stock opened at $191.00 on Friday. The Allstate Co. has a 52-week low of $109.01 and a 52-week high of $193.19. The firm’s 50 day moving average price is $179.42 and its 200-day moving average price is $170.27. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. The company has a market cap of $50.41 billion, a P/E ratio of 42.16, a PEG ratio of 1.74 and a beta of 0.48.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The business had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.04 billion. During the same period in the prior year, the firm posted ($4.42) earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis. On average, sell-side analysts predict that The Allstate Co. will post 15.16 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Friday, August 30th. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ALL shares. Morgan Stanley lowered their price objective on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Wells Fargo & Company lowered their price target on Allstate from $177.00 to $175.00 and set an “equal weight” rating for the company in a report on Friday, August 16th. TD Cowen raised their price objective on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Keefe, Bruyette & Woods upped their target price on Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Barclays started coverage on Allstate in a research report on Wednesday, September 4th. They set an “underweight” rating and a $175.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.76.

Insiders Place Their Bets

In other news, 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 transaction, the executive vice president now owns 19,163 shares in the company, valued at $3,431,901.67. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Elizabeth Brady sold 49,481 shares of Allstate stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $179.09, for a total value of $8,861,552.29. Following the completion of the sale, the executive vice president now directly owns 19,163 shares in the company, valued at approximately $3,431,901.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the transaction, the chief executive officer now owns 88,552 shares in the company, valued at approximately $15,880,915.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,938 shares of company stock valued at $36,122,740. 1.80% of the stock is currently owned by corporate insiders.

About Allstate

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.