Capitolis Liquid Global Markets LLC Raises Holdings in The Allstate Corporation $ALL

Capitolis Liquid Global Markets LLC boosted its position in The Allstate Corporation (NYSE:ALL) by 211.0% in the 3rd quarter, Holdings Channel reports. The firm owned 188,282 shares of the insurance provider’s stock after acquiring an additional 127,732 shares during the quarter. Capitolis Liquid Global Markets LLC’s holdings in Allstate were worth $40,415,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. boosted its stake in Allstate by 3.6% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 3,144 shares of the insurance provider’s stock worth $675,000 after purchasing an additional 108 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Allstate by 72.8% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 75,113 shares of the insurance provider’s stock valued at $16,123,000 after buying an additional 31,636 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Allstate by 135.0% in the third quarter. Bank of Nova Scotia now owns 69,501 shares of the insurance provider’s stock worth $14,918,000 after buying an additional 39,926 shares in the last quarter. 1858 Wealth Management LLC purchased a new position in shares of Allstate in the third quarter worth about $304,000. Finally, Alliancebernstein L.P. boosted its position in Allstate by 7.9% during the third quarter. Alliancebernstein L.P. now owns 333,959 shares of the insurance provider’s stock worth $71,684,000 after acquiring an additional 24,557 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 0.6%

NYSE:ALL opened at $206.22 on Friday. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $216.75. The stock’s fifty day moving average is $204.52 and its two-hundred day moving average is $204.70. The stock has a market capitalization of $53.52 billion, a price-to-earnings ratio of 5.40, a price-to-earnings-growth ratio of 0.43 and a beta of 0.23. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. The business had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $7.67 earnings per share. Research analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be given a $1.08 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $4.32 annualized dividend and a yield of 2.1%. This is an increase from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio is presently 11.31%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ALL. Zacks Research raised shares of Allstate from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Wells Fargo & Company lowered their target price on Allstate from $228.00 to $227.00 and set an “equal weight” rating on the stock in a report on Friday, February 20th. Roth Mkm upped their price target on Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Evercore set a $225.00 price target on Allstate in a report on Wednesday, January 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $231.00 price objective on shares of Allstate in a research report on Thursday, March 5th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $238.88.

Insiders Place Their Bets

In other Allstate news, insider Suren Gupta sold 19,593 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the sale, the insider directly owned 100,646 shares in the company, valued at $21,135,660. This represents a 16.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Allstate 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.