11,650 Shares in The Allstate Corporation (NYSE:ALL) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in The Allstate Corporation (NYSE:ALL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,650 shares of the insurance provider’s stock, valued at approximately $2,412,000.

A number of other hedge funds also recently modified their holdings of the stock. Rehmann Capital Advisory Group grew its holdings in shares of Allstate by 3.2% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider’s stock valued at $338,000 after purchasing an additional 51 shares during the last quarter. Vantage Point Financial LLC grew its holdings in shares of Allstate by 3.6% during the 1st quarter. Vantage Point Financial LLC now owns 1,495 shares of the insurance provider’s stock valued at $310,000 after purchasing an additional 52 shares during the last quarter. Confluence Wealth Services Inc. grew its holdings in shares of Allstate by 0.7% during the 1st quarter. Confluence Wealth Services Inc. now owns 8,000 shares of the insurance provider’s stock valued at $1,558,000 after purchasing an additional 54 shares during the last quarter. Achmea Investment Management B.V. grew its holdings in shares of Allstate by 0.3% during the 1st quarter. Achmea Investment Management B.V. now owns 20,586 shares of the insurance provider’s stock valued at $4,262,000 after purchasing an additional 57 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its holdings in shares of Allstate by 1.7% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 3,552 shares of the insurance provider’s stock valued at $735,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Analysts Set New Price Targets

ALL has been the topic of several research reports. Evercore ISI lifted their price target on shares of Allstate from $227.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Keefe, Bruyette & Woods boosted their price target on Allstate from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. William Blair initiated coverage on Allstate in a report on Friday, June 6th. They set a “sector outperform” rating on the stock. JPMorgan Chase & Co. boosted their price target on Allstate from $217.00 to $222.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Allstate in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $227.07.

Allstate Price Performance

Shares of ALL opened at $191.93 on Tuesday. The firm has a market cap of $50.83 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33. The Allstate Corporation has a 52-week low of $168.29 and a 52-week high of $213.18. The business’s 50 day moving average price is $198.98 and its two-hundred day moving average price is $197.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.40 and a current ratio of 0.40.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.45). The company had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $16.41 billion. Allstate had a net margin of 6.19% and a return on equity of 24.62%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.13 EPS. On average, equities analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 annualized dividend and a dividend yield of 2.08%. Allstate’s dividend payout ratio is currently 27.32%.

About Allstate

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.