2,002 Shares in The Allstate Co. (NYSE:ALL) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new position in The Allstate Co. (NYSE:ALL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,002 shares of the insurance provider’s stock, valued at approximately $320,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in shares of Allstate during the 1st quarter valued at $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of Allstate during the first quarter valued at $26,000. Versant Capital Management Inc boosted its position in shares of Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 78 shares during the period. Family Firm Inc. purchased a new position in Allstate in the 2nd quarter worth about $38,000. Finally, MCF Advisors LLC raised its holdings in Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after buying an additional 84 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Down 0.2 %

ALL stock opened at $188.36 on Friday. The stock has a market capitalization of $49.71 billion, a price-to-earnings ratio of 41.58, a price-to-earnings-growth ratio of 1.81 and a beta of 0.48. The company has a 50-day moving average of $181.32 and a two-hundred day moving average of $171.40. The Allstate Co. has a 52-week low of $109.01 and a 52-week high of $193.97. 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 released its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $1.28. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.04 billion. During the same quarter last year, the firm posted ($4.42) EPS. The company’s revenue was up 12.4% on a year-over-year basis. As a group, equities research analysts anticipate that The Allstate Co. will post 15.2 EPS for the current year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio is currently 81.24%.

Insider Activity at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the transaction, the insider now directly owns 27,364 shares of the company’s stock, valued at $5,236,922.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $191.38, for a total value 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. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert Toohey sold 16,682 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $180.17, for a total value of $3,005,595.94. Following the transaction, the executive vice president now owns 4,873 shares of the company’s stock, valued at approximately $877,968.41. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 238,305 shares of company stock worth $43,082,657. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Barclays assumed coverage on shares of Allstate in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 price objective for the company. Piper Sandler raised their price target on shares of Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. BMO Capital Markets lifted their price objective on Allstate from $191.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. The Goldman Sachs Group upped their target price on Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Finally, Morgan Stanley reduced their price target on Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $192.76.

About Allstate

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.