Y Intercept Hong Kong Ltd Takes $9.30 Million Position in The Allstate Corporation $ALL

Y Intercept Hong Kong Ltd acquired a new stake in shares of The Allstate Corporation (NYSE:ALL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 44,690 shares of the insurance provider’s stock, valued at approximately $9,302,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ALL. Brighton Jones LLC raised its position in shares of Allstate by 60.2% during the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after purchasing an additional 2,443 shares during the period. Revolve Wealth Partners LLC bought a new stake in shares of Allstate during the 4th quarter valued at $231,000. WINTON GROUP Ltd bought a new stake in Allstate in the 2nd quarter valued at $210,000. Treasurer of the State of North Carolina increased its holdings in Allstate by 2.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider’s stock valued at $24,816,000 after acquiring an additional 3,051 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in Allstate by 20.1% in the 2nd quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider’s stock valued at $7,713,000 after acquiring an additional 6,412 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Allstate news, insider Mark Q. Prindiville sold 1,550 shares of Allstate stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $216.27, for a total value of $335,218.50. Following the completion of the transaction, the insider directly owned 27,558 shares of the company’s stock, valued at $5,959,968.66. This trade represents a 5.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the completion of the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $17,991,267.60. The trade was a 18.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,353 shares of company stock valued at $4,851,560 in the last three months. Corporate insiders own 1.55% of the company’s stock.

Allstate Stock Performance

Shares of NYSE:ALL opened at $221.58 on Friday. The Allstate Corporation has a 52 week low of $188.08 and a 52 week high of $227.62. The stock has a market capitalization of $57.04 billion, a P/E ratio of 4.89, a PEG ratio of 0.39 and a beta of 0.18. The firm has a fifty day simple moving average of $214.68 and a two-hundred day simple moving average of $208.94. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The business had revenue of $16.94 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same period last year, the company posted $3.53 EPS. The business’s revenue was up 3.0% on a year-over-year basis. On average, analysts expect that The Allstate Corporation will post 29.43 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. Allstate’s dividend payout ratio (DPR) is presently 9.53%.

Analyst Ratings Changes

ALL has been the topic of a number of research reports. Weiss Ratings upgraded shares of Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, March 23rd. Raymond James Financial reiterated a “strong-buy” rating and issued a $260.00 price target on shares of Allstate in a report on Tuesday, March 3rd. Zacks Research downgraded shares of Allstate from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Mizuho reduced their price target on shares of Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Finally, Barclays lifted their price target on shares of Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a report on Wednesday, April 8th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $240.33.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.