Aquatic Capital Management LLC Sells 39,017 Shares of The Allstate Corporation $ALL

Aquatic Capital Management LLC reduced its position in The Allstate Corporation (NYSE:ALL) by 39.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,823 shares of the insurance provider’s stock after selling 39,017 shares during the quarter. Aquatic Capital Management LLC’s holdings in Allstate were worth $12,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Allstate by 1.3% during the second quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock valued at $6,690,584,000 after acquiring an additional 435,145 shares in the last quarter. Franklin Resources Inc. grew its position in Allstate by 2.5% during the second quarter. Franklin Resources Inc. now owns 4,670,113 shares of the insurance provider’s stock valued at $940,140,000 after acquiring an additional 112,858 shares during the last quarter. Boston Partners raised its position in Allstate by 14.9% in the 3rd quarter. Boston Partners now owns 3,050,780 shares of the insurance provider’s stock worth $654,652,000 after purchasing an additional 395,195 shares during the period. Raymond James Financial Inc. boosted its position in Allstate by 3.3% during the second quarter. Raymond James Financial Inc. now owns 2,793,645 shares of the insurance provider’s stock valued at $562,388,000 after buying an additional 88,620 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Allstate by 18.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,606,451 shares of the insurance provider’s stock worth $559,435,000 after acquiring an additional 401,700 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Allstate Trading Up 0.6%

NYSE:ALL opened at $206.22 on Friday. The firm 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 debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.37. The business has a fifty day moving average price of $204.52 and a 200-day moving average price of $204.70. The Allstate Corporation has a one year low of $176.00 and a one year high of $216.75.

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

Allstate Increases Dividend

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

Insider Buying and Selling at Allstate

In other Allstate news, insider Suren Gupta sold 19,593 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the sale, the insider owned 100,646 shares in the company, valued at approximately $21,135,660. This represents a 16.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ALL. Raymond James Financial reiterated a “strong-buy” rating and set a $260.00 price target on shares of Allstate in a report on Tuesday, March 3rd. Wells Fargo & Company reduced their price target on Allstate from $228.00 to $227.00 and set an “equal weight” rating on the stock in a report on Friday, February 20th. William Blair lowered Allstate from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $215.00 price target (down from $245.00) on shares of Allstate in a research note on Tuesday, December 16th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, February 10th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and a consensus price target of $238.88.

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.