Versor Investments LP Takes Position in The Allstate Corporation $ALL

Versor Investments LP acquired a new stake in The Allstate Corporation (NYSE:ALL) in the third quarter, Holdings Channel reports. The firm acquired 3,200 shares of the insurance provider’s stock, valued at approximately $687,000.

A number of other hedge funds also recently added to or reduced their stakes in ALL. Guerra Pan Advisors LLC boosted its position in Allstate by 1.5% in the 2nd quarter. Guerra Pan Advisors LLC now owns 3,426 shares of the insurance provider’s stock valued at $690,000 after buying an additional 49 shares during the period. Focus Financial Network Inc. raised its stake in shares of Allstate by 1.1% in the third quarter. Focus Financial Network Inc. now owns 4,693 shares of the insurance provider’s stock valued at $1,012,000 after acquiring an additional 52 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Allstate by 4.7% in the second quarter. Parkside Financial Bank & Trust now owns 1,189 shares of the insurance provider’s stock valued at $239,000 after purchasing an additional 53 shares during the period. L2 Asset Management LLC grew its stake in Allstate by 4.8% during the 2nd quarter. L2 Asset Management LLC now owns 1,168 shares of the insurance provider’s stock worth $235,000 after purchasing an additional 53 shares in the last quarter. Finally, Howard Capital Management Inc. grew its stake in Allstate by 3.2% during the 3rd quarter. Howard Capital Management Inc. now owns 1,739 shares of the insurance provider’s stock worth $373,000 after purchasing an additional 54 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Up 1.7%

Shares of NYSE:ALL opened at $204.54 on Thursday. The firm has a 50 day simple moving average of $203.43 and a 200-day simple moving average of $203.96. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $216.75. The company has a current ratio of 0.37, a quick ratio of 0.43 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $53.52 billion, a PE ratio of 5.36, a P/E/G ratio of 0.43 and a beta of 0.23.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, topping the consensus estimate of $8.72 by $5.59. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The firm had revenue of $14.57 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same period last year, the business earned $7.67 EPS. Allstate’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio (DPR) is presently 10.47%.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a research report on Wednesday, January 21st. Roth Mkm upped their target price on shares of Allstate from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $215.00 target price (down previously from $245.00) on shares of Allstate in a report on Tuesday, December 16th. Wall Street Zen cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Evercore set a $225.00 price objective on shares of Allstate in a research report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $239.35.

Insider Activity

In related news, insider Suren Gupta sold 19,593 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the transaction, the insider owned 100,646 shares in the company, valued at $21,135,660. This trade represents a 16.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 48,400 shares of company stock valued at $10,313,256. 1.70% of the stock is owned by corporate insiders.

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.