The Allstate Co. (NYSE:ALL) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd lifted its position in shares of The Allstate Co. (NYSE:ALL) by 82.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,608 shares of the insurance provider’s stock after purchasing an additional 2,978 shares during the quarter. XTX Topco Ltd’s holdings in Allstate were worth $1,055,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALL. Hsbc Holdings PLC grew its stake in Allstate by 3.3% in the 2nd quarter. Hsbc Holdings PLC now owns 1,007,953 shares of the insurance provider’s stock valued at $160,948,000 after acquiring an additional 31,789 shares during the period. Blair William & Co. IL grew its stake in Allstate by 1.1% in the 2nd quarter. Blair William & Co. IL now owns 426,704 shares of the insurance provider’s stock valued at $68,128,000 after acquiring an additional 4,824 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Allstate by 1.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 28,329 shares of the insurance provider’s stock valued at $4,379,000 after acquiring an additional 431 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in Allstate by 8.9% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,137 shares of the insurance provider’s stock valued at $661,000 after acquiring an additional 337 shares during the period. Finally, L & S Advisors Inc grew its stake in Allstate by 9.9% in the 2nd quarter. L & S Advisors Inc now owns 14,526 shares of the insurance provider’s stock valued at $2,319,000 after acquiring an additional 1,308 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Activity at Allstate

In related news, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the sale, the executive vice president now directly owns 4,873 shares in the company, valued at approximately $877,968.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 completion of the transaction, the insider now directly owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert Toohey sold 16,682 shares of Allstate stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the completion of the transaction, the executive vice president now directly owns 4,873 shares of the company’s stock, valued at $877,968.41. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,938 shares of company stock worth $36,122,740. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ALL shares. BMO Capital Markets lifted their price target on shares of Allstate from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Bank of America lifted their price target on shares of Allstate from $213.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Roth Mkm restated a “buy” rating and issued a $200.00 price objective on shares of Allstate in a report on Wednesday, August 14th. Barclays assumed coverage on Allstate in a report on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 price objective on the stock. Finally, Piper Sandler raised their price objective on Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.76.

Allstate Stock Up 0.2 %

Shares of ALL opened at $191.00 on Friday. The firm has a market cap of $50.41 billion, a P/E ratio of 42.16, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. The Allstate Co. has a 12-month low of $109.01 and a 12-month high of $193.19. The company’s 50-day moving average price is $179.42 and its 200 day moving average price is $170.27. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49.

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

Allstate Dividend Announcement

The business 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 is Friday, August 30th. This represents a $3.68 annualized dividend and a yield of 1.93%. Allstate’s dividend payout ratio (DPR) is currently 81.24%.

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.