Virtu Financial LLC Purchases 2,923 Shares of The Allstate Co. (NYSE:ALL)

Virtu Financial LLC increased its position in shares of The Allstate Co. (NYSE:ALL) by 104.2% in the third quarter, Holdings Channel.com reports. The firm owned 5,728 shares of the insurance provider’s stock after purchasing an additional 2,923 shares during the quarter. Virtu Financial LLC’s holdings in Allstate were worth $1,086,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ALL. State Street Corp boosted its position in shares of Allstate by 1.1% during the third quarter. State Street Corp now owns 11,496,306 shares of the insurance provider’s stock valued at $2,190,758,000 after buying an additional 126,922 shares during the period. Geode Capital Management LLC lifted its stake in shares of Allstate by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock worth $1,178,164,000 after acquiring an additional 74,537 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Allstate by 18.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock valued at $569,114,000 after acquiring an additional 472,040 shares during the period. Raymond James & Associates grew its position in Allstate by 10.6% in the 3rd quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock valued at $287,851,000 after acquiring an additional 145,986 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Allstate by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider’s stock valued at $229,545,000 after acquiring an additional 47,038 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ALL shares. The Goldman Sachs Group boosted their target price on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Evercore ISI boosted their price objective on shares of Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. UBS Group upped their target price on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $222.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. increased their price objective on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. One investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $217.19.

Allstate Price Performance

ALL opened at $196.25 on Friday. The firm has a market capitalization of $51.97 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 1.70 and a beta of 0.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The business’s 50-day moving average is $194.95 and its two-hundred day moving average is $181.30. The Allstate Co. has a 1 year low of $134.17 and a 1 year high of $209.88.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. Research analysts anticipate that The Allstate Co. will post 16.26 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.88%. Allstate’s dividend payout ratio is presently 23.83%.

Insider Transactions at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the 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 sale, the insider now directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 57.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Allstate Company 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.