D. E. Shaw & Co. Inc. Sells 43,583 Shares of The Allstate Co. (NYSE:ALL)

D. E. Shaw & Co. Inc. decreased its position in shares of The Allstate Co. (NYSE:ALL) by 5.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 751,770 shares of the insurance provider’s stock after selling 43,583 shares during the period. D. E. Shaw & Co. Inc. owned about 0.28% of Allstate worth $120,028,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ALL. Dimensional Fund Advisors LP grew its holdings in Allstate by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider’s stock worth $229,545,000 after purchasing an additional 47,038 shares during the period. Hsbc Holdings PLC raised its stake in Allstate by 3.3% during the second quarter. Hsbc Holdings PLC now owns 1,007,953 shares of the insurance provider’s stock valued at $160,948,000 after buying an additional 31,789 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Allstate by 1.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 818,489 shares of the insurance provider’s stock worth $130,680,000 after acquiring an additional 8,454 shares during the last quarter. AQR Capital Management LLC grew its position in Allstate by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider’s stock valued at $114,955,000 after purchasing an additional 464,337 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Allstate by 11.8% in the first quarter. Russell Investments Group Ltd. now owns 716,757 shares of the insurance provider’s stock worth $123,574,000 after buying an additional 75,698 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Insider Activity at Allstate

In other news, insider Suren Gupta sold 45,775 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the completion of the transaction, the insider now directly owns 89,930 shares in the company, valued at approximately $15,942,790.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the transaction, the insider now owns 27,364 shares in the company, valued at $5,236,922.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Suren Gupta sold 45,775 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 89,930 shares in the company, valued at $15,942,790.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 238,305 shares of company stock valued at $43,082,657. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ALL. Wells Fargo & Company lowered their price target on Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a report on Friday, August 16th. Keefe, Bruyette & Woods raised their price target on shares of Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a report on Monday, August 12th. JPMorgan Chase & Co. boosted their price objective on shares of Allstate from $193.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. StockNews.com cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Finally, Barclays initiated coverage on shares of Allstate in a research report on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.76.

Allstate Stock Performance

NYSE ALL opened at $188.69 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. The Allstate Co. has a twelve month low of $109.01 and a twelve month high of $193.97. The business has a 50-day moving average price of $180.80 and a 200-day moving average price of $170.99. The firm has a market cap of $49.80 billion, a price-to-earnings ratio of 41.65, a price-to-earnings-growth ratio of 1.81 and a beta of 0.48.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, topping 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 net margin of 5.03% and a return on equity of 24.05%. Allstate’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($4.42) earnings per share. As a group, equities research analysts predict that The Allstate Co. will post 15.2 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be given a $0.92 dividend. The ex-dividend date is Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.95%. Allstate’s dividend payout ratio 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.