Virtu Financial LLC Has $1.09 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Virtu Financial LLC increased its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 104.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,728 shares of the insurance provider's stock after buying an additional 2,923 shares during the period. Virtu Financial LLC's holdings in Allstate were worth $1,086,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC boosted its stake 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 buying an additional 1,047,019 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in 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 during the last quarter. AQR Capital Management LLC grew its holdings in Allstate by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider's stock worth $114,955,000 after acquiring an additional 464,337 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of Allstate in the 3rd quarter worth about $77,819,000. Finally, Acadian Asset Management LLC raised its stake in shares of Allstate by 3,839.0% in the 2nd quarter. Acadian Asset Management LLC now owns 416,117 shares of the insurance provider's stock valued at $66,417,000 after purchasing an additional 405,553 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Insider Buying and Selling at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the company's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ALL has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their price target on Allstate from $222.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Bank of America boosted their price target on Allstate from $216.00 to $233.00 and gave the company a "buy" rating in a report on Friday, October 18th. UBS Group raised their price objective on Allstate from $216.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Barclays boosted their target price on shares of Allstate from $175.00 to $187.00 and gave the company an "underweight" rating in a research note on Thursday, October 31st. Finally, TD Cowen raised their price target on shares of Allstate from $193.00 to $224.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $217.19.

Allstate Stock Performance

Shares of NYSE:ALL traded up $3.96 on Friday, hitting $196.26. The company's stock had a trading volume of 1,802,975 shares, compared to its average volume of 1,550,028. The company has a market capitalization of $51.97 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 1.70 and a beta of 0.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The Allstate Co. has a 12 month low of $134.17 and a 12 month high of $209.88. The stock's 50-day moving average is $194.95 and its two-hundred day moving average is $181.30.

Allstate (NYSE:ALL - Get Free Report) last announced its earnings results 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. The firm had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Allstate's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 EPS. On average, equities research analysts forecast that The Allstate Co. will post 16.26 EPS for the current year.

Allstate Dividend Announcement

The company 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 $0.92 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.88%. Allstate's dividend payout ratio (DPR) is 23.83%.

Allstate Company 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.