Quadrature Capital Ltd Purchases 2,612 Shares of The Allstate Co. (NYSE:ALL)

Quadrature Capital Ltd increased its position in shares of The Allstate Co. (NYSE:ALL) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,129 shares of the insurance provider’s stock after acquiring an additional 2,612 shares during the quarter. Quadrature Capital Ltd’s holdings in Allstate were worth $8,500,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ALL. E Fund Management Hong Kong Co. Ltd. acquired a new position in Allstate during the 1st quarter valued at about $25,000. Private Wealth Management Group LLC acquired a new position in Allstate in the fourth quarter valued at approximately $25,000. Rise Advisors LLC bought a new position in Allstate in the first quarter valued at approximately $26,000. Northwest Investment Counselors LLC acquired a new stake in Allstate during the 1st quarter worth $26,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Allstate during the 4th quarter valued at $36,000. Institutional investors own 76.47% of the company’s stock.

Insider Transactions at Allstate

In related news, insider Suren Gupta sold 45,775 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $177.28, for a total value of $8,114,992.00. Following the completion of the sale, the insider now directly owns 89,930 shares in the company, valued at approximately $15,942,790.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on ALL shares. The Goldman Sachs Group lifted their price objective on Allstate from $197.00 to $199.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Evercore ISI upped their price target on Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Piper Sandler lifted their price objective on shares of Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Roth Mkm boosted their price objective on shares of Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $194.00 price target on shares of Allstate in a report on Friday, July 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $178.06.

Allstate Stock Up 2.3 %

Shares of NYSE ALL traded up $3.77 during mid-day trading on Friday, hitting $169.17. The company had a trading volume of 1,913,727 shares, compared to its average volume of 1,331,798. The Allstate Co. has a one year low of $104.29 and a one year high of $179.93. The company has a market capitalization of $44.65 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 1.73 and a beta of 0.48. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. The firm has a 50-day simple moving average of $163.94 and a two-hundred day simple moving average of $163.46.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, topping the consensus estimate of $4.11 by $1.02. The firm had revenue of $15.26 billion for the quarter, compared to analyst estimates of $12.76 billion. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.30) EPS. On average, equities analysts expect that The Allstate Co. will post 13.64 EPS for the current year.

Allstate Dividend Announcement

The company 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 $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

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.