5,394 Shares in The Allstate Corporation $ALL Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of The Allstate Corporation (NYSE:ALL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,394 shares of the insurance provider’s stock, valued at approximately $1,283,000.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in Allstate by 60.2% during the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after purchasing an additional 2,443 shares during the period. Revolve Wealth Partners LLC bought a new position in Allstate in the 4th quarter worth approximately $231,000. WINTON GROUP Ltd bought a new position in Allstate in the 2nd quarter worth approximately $210,000. Treasurer of the State of North Carolina lifted its holdings in shares of Allstate by 2.5% during the second quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider’s stock worth $24,816,000 after buying an additional 3,051 shares during the last quarter. Finally, Ieq Capital LLC lifted its holdings in shares of Allstate by 20.1% during the second quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider’s stock worth $7,713,000 after buying an additional 6,412 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ALL has been the topic of several research analyst reports. HSBC downgraded shares of Allstate from a “buy” rating to a “hold” rating and raised their price objective for the stock from $244.00 to $264.00 in a research note on Monday, July 6th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $250.00 target price (down from $255.00) on shares of Allstate in a research note on Thursday, August 20th. Zacks Research raised shares of Allstate from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Raymond James Financial restated a “strong-buy” rating and issued a $315.00 price target on shares of Allstate in a research report on Tuesday, August 11th. Finally, Piper Sandler boosted their price objective on shares of Allstate from $268.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Four analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $265.26.

Insider Buying and Selling at Allstate

In other news, insider John E. Dugenske sold 32,996 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $269.33, for a total value of $8,886,812.68. Following the sale, the insider directly owned 13,054 shares in the company, valued at approximately $3,515,833.82. This represents a 71.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andrea Redmond sold 2,225 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 2,225 shares of the company’s stock, valued at approximately $451,474.75. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 91,446 shares of company stock valued at $24,208,675. 1.55% of the stock is currently owned by corporate insiders.

Allstate Trading Down 1.0%

Shares of ALL stock opened at $257.72 on Wednesday. The firm has a fifty day moving average of $251.80 and a 200-day moving average of $225.88. The stock has a market cap of $65.17 billion, a price-to-earnings ratio of 5.15, a P/E/G ratio of 0.40 and a beta of 0.16. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $277.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, beating the consensus estimate of $6.06 by $2.93. The business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $15.46 billion. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $5.94 EPS. On average, equities research analysts forecast that The Allstate Corporation will post 34.45 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, August 31st will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st. Allstate’s payout ratio is presently 8.63%.

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.