Intech Investment Management LLC Boosts Stock Holdings in The Allstate Co. (NYSE:ALL)

Intech Investment Management LLC grew its position in shares of The Allstate Co. (NYSE:ALL) by 39.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,054 shares of the insurance provider’s stock after acquiring an additional 39,607 shares during the quarter. Intech Investment Management LLC owned 0.05% of Allstate worth $22,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of ALL. Rise Advisors LLC purchased a new position in shares of Allstate in the 1st quarter worth about $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Allstate in the 1st quarter worth about $26,000. Versant Capital Management Inc boosted its holdings 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 worth $30,000 after buying an additional 78 shares during the last quarter. Family Firm Inc. bought a new stake in Allstate in the 2nd quarter valued at about $38,000. Finally, Frazier Financial Advisors LLC bought a new stake in Allstate in the 4th quarter valued at about $44,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Down 0.2 %

Shares of ALL opened at $190.68 on Friday. The firm has a market cap of $50.32 billion, a P/E ratio of 42.09, a P/E/G ratio of 1.74 and a beta of 0.48. The stock has a 50 day simple moving average of $178.87 and a two-hundred day simple moving average of $169.93. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36. The Allstate Co. has a 1 year low of $109.01 and a 1 year high of $192.50.

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

Allstate Dividend Announcement

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 paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Friday, August 30th. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ALL shares. The Goldman Sachs Group boosted their price objective on Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Morgan Stanley decreased their price target on Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Company decreased their price target on Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. Barclays assumed coverage on Allstate in a research report on Wednesday, September 4th. They set an “underweight” rating and a $175.00 price target on the stock. Finally, Piper Sandler upped their price target on Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Insider Activity

In other news, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the sale, the chief executive officer now owns 88,552 shares of the company’s stock, valued at $15,880,915.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was 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 of the company’s stock, valued at $15,880,915.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth Brady sold 49,481 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $179.09, for a total value of $8,861,552.29. Following the completion of the sale, the executive vice president now directly owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,938 shares of company stock valued at $36,122,740. 1.80% of the stock is currently owned by company 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.