Duality Advisers LP Grows Stake in Allstate Corp (NYSE:ALL)

Duality Advisers LP boosted its stake in shares of Allstate Corp (NYSE:ALL) by 29.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,450 shares of the insurance provider’s stock after acquiring an additional 3,940 shares during the quarter. Duality Advisers LP’s holdings in Allstate were worth $1,643,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strategy Asset Managers LLC acquired a new position in shares of Allstate during the first quarter worth $25,000. 1 North Wealth Services LLC acquired a new position in shares of Allstate during the fourth quarter worth $25,000. Legacy Advisors LLC acquired a new position in shares of Allstate during the first quarter worth $29,000. Enterprise Financial Services Corp increased its position in shares of Allstate by 85.1% during the first quarter. Enterprise Financial Services Corp now owns 385 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 177 shares in the last quarter. Finally, Executive Wealth Management LLC acquired a new position in shares of Allstate during the fourth quarter worth $32,000. 77.32% of the stock is currently owned by institutional investors.

Allstate stock traded up $1.46 during trading on Monday, hitting $103.15. The company had a trading volume of 1,412,877 shares, compared to its average volume of 1,986,242. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.30. Allstate Corp has a 1-year low of $77.00 and a 1-year high of $103.99. The stock has a market cap of $33.86 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.38 and a beta of 0.81. The company has a 50 day simple moving average of $98.85.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $2.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.02. The company had revenue of $8.70 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Allstate had a net margin of 6.26% and a return on equity of 12.66%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.96 EPS. On average, equities analysts anticipate that Allstate Corp will post 8.87 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, May 31st will be given a $0.50 dividend. The ex-dividend date is Thursday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 1.94%. Allstate’s dividend payout ratio (DPR) is presently 24.78%.

In other Allstate news, insider Glenn T. Shapiro sold 22,289 shares of Allstate stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $102.22, for a total value of $2,278,381.58. Following the transaction, the insider now directly owns 25,584 shares in the company, valued at $2,615,196.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Susan L. Lees sold 30,189 shares of Allstate stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $102.26, for a total transaction of $3,087,127.14. Following the completion of the transaction, the executive vice president now owns 62,854 shares in the company, valued at $6,427,450.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,703 shares of company stock valued at $5,593,860. 1.60% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on the company. Barclays upped their price target on Allstate from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group increased their price target on Allstate from $102.00 to $106.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Credit Suisse Group downgraded Allstate from an “outperform” rating to a “neutral” rating and set a $93.00 price target on the stock. in a research report on Monday, April 8th. Morgan Stanley raised their price target on shares of Allstate from $94.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Finally, Goldman Sachs Group raised shares of Allstate from a “neutral” rating to a “buy” rating and raised their price target for the company from $106.00 to $110.00 in a research note on Wednesday, May 29th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $103.38.

Allstate Company Profile

The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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