Quantbot Technologies LP Buys Shares of 5,332 The Allstate Corporation $ALL

Quantbot Technologies LP bought a new position in The Allstate Corporation (NYSE:ALL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,332 shares of the insurance provider’s stock, valued at approximately $1,145,000.

A number of other hedge funds also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. increased its position in Allstate by 79.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Barnes Dennig Private Wealth Management LLC boosted its position in Allstate by 112.3% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after buying an additional 73 shares in the last quarter. Clearstead Trust LLC grew its stake in shares of Allstate by 3,800.0% during the second quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after buying an additional 152 shares during the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of Allstate by 72.0% during the third quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock worth $34,000 after buying an additional 67 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of Allstate in the 3rd quarter valued at $37,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALL. Zacks Research raised Allstate from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Evercore set a $225.00 price objective on Allstate in a research note on Wednesday, January 7th. TD Cowen downgraded shares of Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. Wall Street Zen lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, BMO Capital Markets upped their price target on shares of Allstate from $235.00 to $244.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $238.88.

Insiders Place Their Bets

In other Allstate news, insider Suren Gupta sold 19,593 shares of Allstate stock in a transaction that occurred 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 directly owned 100,646 shares in the company, valued at approximately $21,135,660. The trade was a 16.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.

Allstate Price Performance

ALL stock opened at $212.56 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. The firm has a market cap of $55.17 billion, a price-to-earnings ratio of 5.57, a PEG ratio of 0.44 and a beta of 0.23. The company’s fifty day simple moving average is $204.65 and its 200 day simple moving average is $204.73. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $216.75.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share 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 firm had revenue of $17.35 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period last year, the business posted $7.67 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. On average, analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be paid a dividend of $1.08 per share. This is an increase from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, March 2nd. Allstate’s payout ratio is 11.31%.

Allstate 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.