Two Sigma Advisers LP Increases Stock Position in The Allstate Co. (NYSE:ALL)

Two Sigma Advisers LP boosted its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 47.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 157,800 shares of the insurance provider's stock after acquiring an additional 50,800 shares during the quarter. Two Sigma Advisers LP owned 0.06% of Allstate worth $29,927,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. FSA Wealth Management LLC purchased a new stake in Allstate in the 3rd quarter valued at about $26,000. Northwest Investment Counselors LLC purchased a new stake in Allstate in the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC purchased a new stake in Allstate in the 3rd quarter valued at about $29,000. Family Firm Inc. purchased a new stake in shares of Allstate during the 2nd quarter worth approximately $38,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Allstate during the 3rd quarter worth approximately $58,000. Institutional investors own 76.47% of the company's stock.

Allstate Trading Down 0.3 %

Shares of Allstate stock traded down $0.59 during trading on Friday, hitting $203.64. The stock had a trading volume of 1,050,717 shares, compared to its average volume of 1,482,684. The stock has a market cap of $53.92 billion, a PE ratio of 13.19, a PEG ratio of 1.80 and a beta of 0.50. The Allstate Co. has a 12 month low of $134.17 and a 12 month high of $209.88. The firm's fifty day simple moving average is $194.40 and its 200-day simple moving average is $180.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. The company had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm's revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 EPS. As a group, sell-side analysts expect that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Friday, November 29th. Allstate's dividend payout ratio is presently 23.83%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Allstate from $222.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. 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 report on Friday, October 18th. Piper Sandler boosted their price objective on shares of Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. upped their target price on shares of Allstate from $205.00 to $207.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Finally, Raymond James upped their target price on shares of Allstate from $205.00 to $220.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Allstate currently has a consensus rating of "Moderate Buy" and an average target price of $217.19.

Insiders Place Their Bets

In related news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the sale, the insider now directly owns 27,364 shares of the company's stock, valued at approximately $5,236,922.32. This represents a 57.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

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.