Tudor Financial Inc. Acquires New Stake in The Allstate Co. (NYSE:ALL)

Tudor Financial Inc. purchased a new position in shares of The Allstate Co. (NYSE:ALL - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,956 shares of the insurance provider's stock, valued at approximately $2,836,000. Allstate makes up 1.7% of Tudor Financial Inc.'s holdings, making the stock its 14th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in ALL. State Street Corp boosted its holdings in shares of Allstate by 1.1% in the 3rd quarter. State Street Corp now owns 11,496,306 shares of the insurance provider's stock valued at $2,190,758,000 after purchasing an additional 126,922 shares in the last quarter. Geode Capital Management LLC increased its position in Allstate by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider's stock worth $1,178,164,000 after purchasing an additional 74,537 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Allstate by 18.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider's stock valued at $569,114,000 after acquiring an additional 472,040 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Allstate by 10.6% during the third quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider's stock valued at $287,851,000 after purchasing an additional 145,986 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Allstate by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider's stock valued at $229,545,000 after buying an additional 47,038 shares during the period. Institutional investors own 76.47% of the company's stock.

Allstate Stock Performance

Shares of Allstate stock traded down $1.00 during trading hours on Thursday, hitting $192.30. 1,112,663 shares of the company's stock traded hands, compared to its average volume of 1,547,887. The company has a fifty day simple moving average of $194.75 and a 200-day simple moving average of $181.01. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $50.92 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.79 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.

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 analysts' consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion for the quarter, compared to analysts' expectations of $14.57 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. Allstate's revenue was up 14.7% on a year-over-year basis. Equities research analysts anticipate that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, November 29th. Allstate's dividend payout ratio (DPR) is currently 23.83%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ALL shares. Evercore ISI increased their price objective on Allstate from $191.00 to $195.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. Jefferies Financial Group upped their target price on Allstate from $231.00 to $267.00 and gave the company a "buy" rating in a report on Friday, November 8th. Piper Sandler raised their price target on shares of Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. The Goldman Sachs Group increased their price objective on shares of Allstate from $209.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Bank of America boosted their target price on shares of Allstate from $216.00 to $233.00 and gave the company a "buy" rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $217.19.

Insider Buying and Selling

In related news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction dated 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 owns 27,364 shares of the company's stock, valued at approximately $5,236,922.32. This 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 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.