WINTON GROUP Ltd Takes $2.83 Million Position in The Allstate Corporation $ALL

WINTON GROUP Ltd acquired a new stake in The Allstate Corporation (NYSE:ALL) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 13,600 shares of the insurance provider’s stock, valued at approximately $2,831,000.

Several other hedge funds also recently bought and sold shares of ALL. Dorato Capital Management bought a new position in Allstate in the 4th quarter valued at $27,000. Navalign LLC bought a new position in Allstate in the 4th quarter valued at $27,000. Princeton Global Asset Management LLC grew its position in Allstate by 101.3% in the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 76 shares during the last quarter. Palisade Asset Management LLC bought a new position in Allstate in the 3rd quarter valued at $31,000. Finally, South Plains Financial Inc. grew its position in Allstate by 41.5% in the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of ALL stock opened at $220.98 on Monday. The Allstate Corporation has a twelve month low of $188.08 and a twelve month high of $227.62. The stock has a market capitalization of $56.88 billion, a price-to-earnings ratio of 4.87, a P/E/G ratio of 0.40 and a beta of 0.18. The stock has a fifty day simple moving average of $213.31 and a two-hundred day simple moving average of $208.65. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25.

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

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, June 1st. Allstate’s dividend payout ratio is currently 9.53%.

Analyst Upgrades and Downgrades

ALL has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on Allstate from $229.00 to $243.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $231.00 price objective on shares of Allstate in a research report on Thursday, March 5th. Piper Sandler reaffirmed an “overweight” rating on shares of Allstate in a research report on Thursday, May 28th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $260.00 price objective on shares of Allstate in a research report on Tuesday, March 3rd. Finally, Zacks Research downgraded Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $241.67.

Insiders Place Their Bets

In other Allstate news, Director Andrea Redmond sold 2,225 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $202.91, for a total value of $451,474.75. Following the completion of the sale, the director directly owned 2,225 shares in the company, valued at approximately $451,474.75. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mario Rizzo sold 18,578 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the completion of the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at $17,991,267.60. This represents a 18.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 22,353 shares of company stock worth $4,851,560. 1.55% of the stock is currently owned by company 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.