Dimensional Fund Advisors LP lifted its stake in The Allstate Corporation (NYSE:ALL – Free Report) by 5.8% in the first quarter, Holdings Channel.com reports. The firm owned 2,804,615 shares of the insurance provider’s stock after buying an additional 154,259 shares during the period. Dimensional Fund Advisors LP’s holdings in Allstate were worth $581,515,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. MV Capital Management Inc. purchased a new position in Allstate during the fourth quarter worth $25,000. Dorato Capital Management purchased a new stake in shares of Allstate in the fourth quarter valued at $27,000. Navalign LLC purchased a new stake in shares of Allstate in the fourth quarter valued at $27,000. Evolution Wealth Management Inc. lifted its holdings in shares of Allstate by 7,000.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 140 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Allstate in the 1st quarter worth about $30,000. Institutional investors own 76.47% of the company’s stock.
Allstate Stock Performance
ALL stock opened at $253.73 on Tuesday. The firm has a market cap of $65.32 billion, a price-to-earnings ratio of 5.60, a PEG ratio of 0.43 and a beta of 0.16. The firm has a 50-day simple moving average of $228.09 and a two-hundred day simple moving average of $214.72. The Allstate Corporation has a one year low of $188.08 and a one year high of $257.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.36 and a current ratio of 0.36.
Allstate Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, August 31st. Allstate’s dividend payout ratio (DPR) is presently 9.53%.
Analysts Set New Price Targets
ALL has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Allstate from $263.00 to $282.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Wells Fargo & Company raised their price target on Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Roth Capital restated a “buy” rating and set a $275.00 price objective on shares of Allstate in a report on Friday. Cantor Fitzgerald upped their price objective on Allstate from $236.00 to $242.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, Atlantic Securities set a $319.00 target price on Allstate in a research note on Wednesday, July 15th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $254.80.
Read Our Latest Stock Analysis on ALL
Insider Transactions at Allstate
In other Allstate news, COO Mario Rizzo sold 18,578 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were 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 approximately $17,991,267.60. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrea Redmond sold 2,225 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $202.91, for a total transaction of $451,474.75. Following the transaction, the director directly owned 2,225 shares of the company’s stock, valued at approximately $451,474.75. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,353 shares of company stock worth $4,851,560 over the last three months. 1.55% of the stock is currently owned by insiders.
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.
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