Dimensional Fund Advisors LP Grows Position in The Allstate Co. (NYSE:ALL)

Dimensional Fund Advisors LP boosted its stake in shares of The Allstate Co. (NYSE:ALL) by 3.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,437,688 shares of the insurance provider’s stock after acquiring an additional 47,038 shares during the period. Dimensional Fund Advisors LP owned 0.54% of Allstate worth $229,545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SageView Advisory Group LLC bought a new stake in shares of Allstate in the fourth quarter worth about $456,000. Rafferty Asset Management LLC raised its holdings in shares of Allstate by 5.7% during the 4th quarter. Rafferty Asset Management LLC now owns 92,753 shares of the insurance provider’s stock worth $12,984,000 after acquiring an additional 4,987 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Allstate during the 4th quarter valued at approximately $5,927,000. BDF Gestion purchased a new position in shares of Allstate in the second quarter valued at $3,051,000. Finally, BNP Paribas Financial Markets increased its position in Allstate by 55.8% in the first quarter. BNP Paribas Financial Markets now owns 218,629 shares of the insurance provider’s stock worth $37,825,000 after purchasing an additional 78,316 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the completion of the sale, the chief executive officer now owns 88,552 shares in the company, valued at approximately $15,880,915.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Allstate news, insider Suren Gupta sold 45,775 shares of Allstate stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $177.28, for a total value of $8,114,992.00. Following the transaction, the insider now owns 89,930 shares in the company, valued at $15,942,790.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at $15,880,915.68. The disclosure for this sale can be found here. Insiders sold a total of 201,938 shares of company stock valued at $36,122,740 over the last three months. 1.80% of the stock is owned by company insiders.

Allstate Price Performance

Allstate stock opened at $190.99 on Thursday. The stock has a market cap of $50.41 billion, a price-to-earnings ratio of 42.16, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. The firm has a 50-day moving average of $178.30 and a two-hundred day moving average of $169.79. The Allstate Co. has a 1 year low of $109.01 and a 1 year high of $191.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $1.28. The company had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.04 billion. Allstate had a return on equity of 24.05% and a net margin of 5.03%. Allstate’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($4.42) earnings per share. On average, research analysts forecast that The Allstate Co. will post 15.16 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $3.68 annualized dividend and a dividend yield of 1.93%. Allstate’s payout ratio is currently 81.24%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. TD Cowen boosted their price objective on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Roth Mkm restated a “buy” rating and set a $200.00 price objective on shares of Allstate in a research report on Wednesday, August 14th. StockNews.com cut Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Finally, Piper Sandler increased their price target on Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.76.

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.