Tidal Investments LLC Acquires 8,977 Shares of The Allstate Co. (NYSE:ALL)

Tidal Investments LLC raised its holdings in shares of The Allstate Co. (NYSE:ALL - Free Report) by 28.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,759 shares of the insurance provider's stock after acquiring an additional 8,977 shares during the period. Tidal Investments LLC's holdings in Allstate were worth $7,730,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Pathway Financial Advisers LLC grew its holdings in shares of Allstate by 18,472.5% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider's stock valued at $199,642,000 after purchasing an additional 1,047,019 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Allstate by 18.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider's stock worth $569,114,000 after buying an additional 472,040 shares during the period. AQR Capital Management LLC lifted its stake in shares of Allstate by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider's stock valued at $114,955,000 after acquiring an additional 464,337 shares during the last quarter. TimesSquare Capital Management LLC purchased a new stake in Allstate during the 3rd quarter valued at about $77,819,000. Finally, Acadian Asset Management LLC boosted its holdings in Allstate by 3,839.0% during the 2nd quarter. Acadian Asset Management LLC now owns 416,117 shares of the insurance provider's stock valued at $66,417,000 after acquiring an additional 405,553 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Up 2.3 %

Shares of NYSE ALL traded up $4.51 on Friday, reaching $196.81. 925,281 shares of the company's stock traded hands, compared to its average volume of 1,546,356. 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 business's 50 day simple moving average is $194.84 and its two-hundred day simple moving average is $181.08. The Allstate Co. has a 12 month low of $134.17 and a 12 month high of $209.88. The company has a market cap of $52.12 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.70 and a beta of 0.50.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business had revenue of $16.63 billion during the quarter, compared to analysts' expectations of $14.57 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. The firm's quarterly revenue was up 14.7% compared to the same quarter last year. As a group, equities research analysts forecast that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors 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 1.87%. The ex-dividend date is Friday, November 29th. Allstate's dividend payout ratio (DPR) is 23.83%.

Insider Buying and Selling at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction on Friday, September 20th. The stock was 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 in the company, valued at approximately $5,236,922.32. This trade represents a 57.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on ALL shares. Raymond James boosted their price objective on Allstate from $205.00 to $220.00 and gave the company a "strong-buy" rating in a research report on Friday, October 4th. TD Cowen increased their price target on shares of Allstate from $193.00 to $224.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. Evercore ISI raised their price target on shares of Allstate from $191.00 to $195.00 and gave the stock an "in-line" rating in a report on Wednesday, October 9th. UBS Group upped their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Finally, Bank of America lifted their price objective on Allstate from $216.00 to $233.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Allstate presently has a consensus rating of "Moderate Buy" and a consensus target price of $217.19.

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.